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Property profile & analytics
OFF-MARKET
Retail space
15975 Eureka Rd, Southgate, MI 48195-2657
Individually Owned
20-yr Hold
Free & Clear
Property ID
US43-1757237
Property summary
AI-generated overview
This 2,167 square-foot medical office building, located at 15975 Eureka Road in Southgate, Michigan, is available for $395,000. The freestanding building sits on a 0.46-acre lot and boasts 12-foot ceilings, providing ample space for a variety of uses. Renovated in 2021, the property offers convenient parking for over 20 vehicles. Its C-1 zoning permits a range of retail, office, and medical uses, making it a versatile investment opportunity. The building's prior use as a salon showcases its adaptability. Situated on heavily traveled Eureka Road in Wayne County, this property benefits from high visibility and accessibility. The vacant status presents a unique chance to customize the space to meet specific business needs. With its recent renovation, ample parking, and flexible zoning, this property is an excellent choice for entrepreneurs and investors seeking a prime location in a thriving Michigan community. The zip code is 48195.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1981
Total area
1,875 SF
Lot
0.47 ac (20,473 SF)
Zoning code
C-1 COMM BUS
APN
53 021 02 0013 000
UPID
US43-1757237
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
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Hanna Romanos Hair Hair Salon
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J Rosario Salon Suite Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
JASON A RYSKA · 2 yrs held
JASON A RYSKA
since 2024
Last sale
$300,000
1 recorded transaction
Zoning & alternative use
C-1 COMM BUS · Southgate, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Southgate submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Southgate submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$9,373
Tax year 2023
Assessed value
$134,000
Assessed 2024
Previous assessed
$126,100
+6.3% YoY
Effective rate
6.99%
On assessed value
Total market value
$268,000
Applied tax rate
82,405.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1981
Heating
FORCED AIR
Stories
1
Total area
1,875 SF
Lot
0.47 ac (20,473 SF)
Zoning code
C-1 COMM BUS
APN
53 021 02 0013 000
UPID
US43-1757237
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
C-1 COMM BUS · Southgate, MI
Zoning C-1 COMM BUS · permitted uses
C-1 COMM BUS · Southgate, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Southgate. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1981
Heating
FORCED AIR
Stories
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
JASON A RYSKA
Individual
Free & Clear · 2 yrs held
Mailing address
15975 EUREKA RD, SOUTHGATE, MI 48195-2657
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 27, 2024
$300,000
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Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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