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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Drug stores
1770 Ft St Lincoln Park, MI 48146-1904
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0041685
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
1930
Total area
5,950 SF
Lot
0.14 ac (6,098 SF)
APN
45 006 06 0275 000
UPID
US43-0041685
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
-
MO Portable Toilets Building Supply
-
Park Downriver Physical Therapy Medical Clinic
-
Downriver Dumpster Man Rental Corporate Office
-
Jessica Dikhow Physician
-
Occupational Care Services LLC Emergency Training Occupational Medical Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$758k
Blend (final)
Blend
$680k
Owner & transaction history
Downriver Medical Plaza LLC · 1 yrs held
Downriver Medical Plaza LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$655,000
+12.6%
Restaurant
$615,000
+6.1%
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 Lincoln Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lincoln 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$580,000
Current use
COMMERCIAL (GENERAL)
$655,000
Change: +13% · Conversion: Easy
RESTAURANT
$615,000
Change: +6% · Conversion: Easy
OFFICE BUILDING
$580,000
Change: 0% · Conversion: Easy
MEDICAL BUILDING
$560,000
Change: -3% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$475,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$680k
Range $612k – $748k · ±10%
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
$114 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$13,889
Tax year 2019
Assessed value
$243,400
Assessed 2024
Previous assessed
$230,400
+5.6% YoY
Effective rate
5.71%
On assessed value
Total market value
$486,800
Applied tax rate
82,090.0000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
1930
Heating
FORCED AIR
Buildings
1
Stories
1
Rooms
11
Bathrooms
2
Total area
5,950 SF
Lot
0.14 ac (6,098 SF)
APN
45 006 06 0275 000
UPID
US43-0041685
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$580,000
COMMERCIAL (GENERAL)
Est. value
$655,000
RESTAURANT
Est. value
$615,000
OFFICE BUILDING
Est. value
$580,000
MEDICAL BUILDING
Est. value
$560,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$475,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1930
Heating
FORCED AIR
Stories
1
Buildings
1
Rooms
11
Bathrooms
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Downriver Medical Plaza LLC
Entity
Mailing address
26000 HOOVER RD, WARREN, MI 48089-1167
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2025
—
Downriver Medical Plaza LLC
Hoover Medical Center LLC
Quitclaim Deed
related
$800,000 · Mercantile Bank
Apr 23, 2021
—
Hoover Medical Center LLC
—
Deed
related
$720,000 · Bank Of America NA
Mar 1, 2018
$600,000
Hoover Medical Center LLC
Aidan Management LLC
Warranty Deed
$480,000 · Bank Of America NA
Apr 1, 2016
$354,048
Aidan Management LLC
Deputy Sheriff Of Wayne County|naserdean & Abdou L
Trustees Deed
related
—
Sep 19, 2012
$500,000
Naserdean & Abdou LLC
Rak Real Estate LLC
Warranty Deed
—
Jan 18, 2005
$487,500
Rak Real Estate LLC
Kadish Paul Y Trust
Warranty Deed
$390,000 · Charter One Bank
—
—
Naserdean & Abdou LLC
—
Deed Of Trust
related
$450,000 · Fifth Third Bancorp
—
—
Naserdean & Abdou LLC
—
Deed Of Trust
related
$50,000 · Robia Beydoun
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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