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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
16635 14th Mile Rd Fraser, MI 48026-1927
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US43-4939498
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1965
Total area
1,246 SF
Lot
0.37 ac (16,117 SF)
Zoning code
CBD
APN
03-11-31-478-022
UPID
US43-4939498
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
-
BudgetCoinz Bitcoin ATM Atm
-
Mobil Gas Station
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
Utica Fourteen Mile Prop LLC · 7 yrs held
Utica Fourteen Mile Prop LLC
since 2019
Last sale
$350,000
7 recorded transactions
Zoning & alternative use
CBD · Fraser, 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 Fraser submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fraser 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
$12,994
Tax year 2023
Assessed value
$241,900
Assessed 2024
Previous assessed
$220,100
+9.9% YoY
Effective rate
5.37%
On assessed value
Total market value
$483,800
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
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1965
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
1,246 SF
Lot
0.37 ac (16,117 SF)
Zoning code
CBD
APN
03-11-31-478-022
UPID
US43-4939498
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
CBD · Fraser, MI
Zoning CBD · permitted uses
CBD · Fraser, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fraser. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1965
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Utica Fourteen Mile Prop LLC
Entity
Mailing address
16635 E 14TH MILE RD, FRASER, MI 48026-1927
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2019
$250,000
Utica Fourteen Mile Prop LLC
786 LLC
Warranty Deed
—
Jan 22, 2016
$203,031
Utica Fourteen Mile Props LLC
Nazco Group LLC
Quit Claim Deed
related
—
Oct 11, 2012
—
Nazco Group LLC
786 LLC
Grant Deed
related
—
Jan 20, 2011
$180,000
786 LLC
Caputo,anthony J
Warranty Deed
—
Sep 10, 2010
—
Anthony J Caputo
Prada Homes INC
Quit Claim Deed
—
Jul 3, 2008
$400,000
Prada Homes INC
Oakland Commerce Bank
Quit Claim Deed
related
$150,000 · Corrigan Oil Co #2
Sep 12, 2007
$425,000
Oakland Commerce Bank
Sheriff Of Macomb County
Trustees Deed
related
—
—
—
B F J Co
—
Deed Of Trust
related
$98,483 · Peerless Distributing Co
—
—
Prada Homes INC
—
Deed Of Trust
related
$300,000 · Rka Petroleum Co INC
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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