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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Grocery and convenience stores
16059 Southfield Rd, Allen Park, MI 48101-2580
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US43-0420474
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2005
Total area
3,520 SF
Lot
0.34 ac (14,810 SF)
Zoning code
C 5
APN
30 012 01 0001 301
UPID
US43-0420474
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
-
bp Gas Station
-
Shell Gas Station
-
Cash2Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$700k
Comparable Approach
Comparable
$901k
Blend (final)
Blend
$900k
Owner & transaction history
94 & Southfield Holdings LLC · 5 yrs held
94 & Southfield Holdings LLC
since 2021
Last sale
$900,000
7 recorded transactions
Zoning & alternative use
C 5 · Allen Park, 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 Allen Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Allen Park 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
Method
Estimation
Statistic approach
$980,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$760,000
6.5%
$700,000
7%
$650,000
Blend value · Realmo final
$900k
Range $810k – $990k · ±10% · vs last sale $900k (Feb 15 2021)
Last sale anchor
$900k
Feb 15 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$256 / SF
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
$24,273
Tax year 2023
Assessed value
$318,900
Assessed 2024
Previous assessed
$309,900
+2.9% YoY
Effective rate
7.61%
On assessed value
Total market value
$637,800
Applied tax rate
82,020.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2005
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
3,520 SF
Lot
0.34 ac (14,810 SF)
Zoning code
C 5
APN
30 012 01 0001 301
UPID
US43-0420474
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
C 5 · Allen Park, MI
Zoning C 5 · permitted uses
C 5 · Allen Park, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Allen Park. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2005
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
94 & Southfield Holdings LLC
Entity
Mailing address
16059 SOUTHFIELD RD, ALLEN PARK, MI 48101-2580
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2024
—
94 & Southfield Holdings LLC
—
Deed
related
$1,000,000 · Genisys Cu
Nov 28, 2023
—
Rustam Oil LLC
—
Deed
related
$605,000 · High Pointe Oil Company INC
Feb 15, 2021
$900,000
94 & Southfield Holdings LLC
Allan Park Southfield Road LLC
Warranty Deed
$541,000 · Michigan First Cu
Jan 9, 2018
—
Allen Park Southfield LLC
—
Deed
related
$826,000 · Chemical Bank
Feb 28, 2017
$300,000
Family Fuels LLC
Barrick Properties 40 LLC
Warranty Deed
—
Feb 28, 2017
$725,000
Allen Park Southfield Road LLC
Family Fuels LLC
Warranty Deed
—
Feb 24, 2014
—
Family Fuels LLC
Barrick Properties 40 LLC
Quit Claim Deed
—
Feb 10, 2014
—
Barrick Properties 40 LLC
Michigan Properties LLC
Warranty Deed
—
Jan 24, 2014
—
Michigan Properties LLC
Mudds Investments LLC
Quit Claim Deed
related
—
May 3, 2005
$400,000
Michigan Properties LLC
Armada Oil & Gas Co INC
Warranty Deed
$600,000 · Community Bank Of Dearborn
—
—
Michigan Properties LLC
—
Deed Of Trust
related
—
—
—
Michigan Properties LLC
—
Deed Of Trust
related
$800,000 · Community Bank Of Dearborn
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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