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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
16540 Woodward Ave, Highland Park, MI 48203-2804
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1110409
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Total area
1,950 SF
Lot
0.3 ac (13,068 SF)
APN
43 002 04 0009 309
UPID
US43-1110409
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
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
Detroit Real Estate Investments LLC · 4 yrs held
Detroit Real Estate Investments LLC
since 2022
Last sale
$400,000
7 recorded transactions
Zoning & alternative use
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 Highland Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Highland 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
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
$11,422
Tax year 2023
Assessed value
$132,700
Assessed 2024
Previous assessed
$131,400
+1.0% YoY
Effective rate
8.61%
On assessed value
Total market value
$265,400
Applied tax rate
82,070.0000
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
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
1,950 SF
Lot
0.3 ac (13,068 SF)
APN
43 002 04 0009 309
UPID
US43-1110409
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Detroit Real Estate Investments LLC
Entity
Free & Clear · 4 yrs held
Mailing address
6559 COLEMAN ST, DEARBORN, MI 48126-1722
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2022
$400,000
Detroit Real Estate Investments LLC
Barrick Properties 40 LLC
Warranty Deed
—
Oct 29, 2018
$465,000
Deiroit R & E Invs LLC
Woodward Property Ent LLC
Warranty Deed
—
Oct 26, 2018
—
Detroit R & E Invs LLC
Woodward Property Ent LLC
Grant Deed
related
—
Dec 18, 2017
—
Woodward Property Ent LLC
Barrick Properties 40 LLC
Quit Claim Deed
—
Dec 15, 2017
$400,000
Barrick Properties 40 LLC
H & A Woodward Petro LLC
Warranty Deed
—
Dec 11, 2017
$430,000
H & A Woodward Petro LLC
Barrick Properties 40 LLC
Warranty Deed
—
Nov 25, 2008
$374,750
H & A Woodward Petro LLC
Ajrouche Realty Group LLC
Grant Deed
—
Jul 22, 2008
—
Ajrouche Realty Group LLC
Barrick Properties 40 LLC
Grant Deed
—
May 27, 2008
$410,000
Barrick Properties 40 LLC
Findling,david
Grant Deed
—
—
—
Barrick Properties 40 LLC
—
Deed Of Trust
related
$18,795,516 · Comerica Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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