Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$230,000
Turn key restaurants
1820 9th Mile Rd Ferndale, MI 48220-2042
Entity Owned
9-yr Hold
Free & Clear
Property ID
US43-1245432
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1976
Total area
4,275 SF
Lot
0.61 ac (26,572 SF)
Zoning code
BI
APN
24-25-35-201-039
UPID
US43-1245432
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
$630k
Blend (final)
Blend
$230k
Owner & transaction history
Tpc R & E Holdings LLC · 9 yrs held
Tpc R & E Holdings LLC
since 2017
7 recorded transactions
Zoning & alternative use
BI · Ferndale, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Print Preview
Top alternative use upside
Retail stores
$755,000
+93.4%
Commercial (general)
$390,000
+0.1%
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 Ferndale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ferndale 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
RESTAURANT
$390,000
Current use
RETAIL STORES
$755,000
Change: +93% · Conversion: Easy
COMMERCIAL (GENERAL)
$390,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$230k
Range $207k – $253k · ±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
$54 / 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
$24,955
Tax year 2023
Assessed value
$422,270
Assessed 2024
Previous assessed
$392,420
+7.6% YoY
Effective rate
5.91%
On assessed value
Total market value
$844,540
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1976
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
4,275 SF
Lot
0.61 ac (26,572 SF)
Zoning code
BI
APN
24-25-35-201-039
UPID
US43-1245432
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Ferndale, MIZoning BI · permitted uses
BI · Ferndale, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Print Preview
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$390,000
RETAIL STORES
Est. value
$755,000
COMMERCIAL (GENERAL)
Est. value
$390,000
RESTAURANT Current
RETAIL STORES
COMMERCIAL (GENERAL)
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
1976
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.61 ac
Current owner
From public records · entity-resolved
Tpc R & E Holdings LLC
Entity
Free & Clear · 9 yrs held
Mailing address
1820 E 9TH MILE RD, FERNDALE, MI 48220-2042
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
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
Feb 16, 2017
$240,000
Tpc R & E Holdings LLC
Moy,do K & Li L
Warranty Deed
—
Feb 16, 2017
—
Tpc Real Estate Holdings LLC
—
Deed
related
$755,000 · Huntington Nat'l Bk
Jan 21, 2003
$275,000
Thomas A Pearlman
Ascione,joseph & Iris
Grant Deed
—
Jan 21, 2003
$260,000
Do K Moy
Pearlman,thomas A
Grant Deed
—
Nov 18, 2002
$165,000
Joseph A Kief
Kanakis,john T & Doreen
Grant Deed
—
Jan 23, 2002
—
Thomas A Pearlman
Ascione,joseph
Grant Deed
related
—
Jul 1, 1999
$324,678
Magolina Properties INC
Ascione,joseph & Iris
Trustees Deed
—
—
—
Do K Moy
—
Deed Of Trust
related
$180,000 · Comerica Bank
—
—
Tpc Real Estate Holdings LLC
—
Deed Of Trust
related
$755,000 · Huntington Nat'l Bk
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1820 9th Mile Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
