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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Grocery and convenience stores
18215 Ft St, Riverview, MI 48193-7434
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-4065051
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1970
Total area
1,904 SF
Lot
0.42 ac (18,295 SF)
Zoning code
B3-GEN
APN
51 012 05 0001 300
UPID
US43-4065051
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
$592k
Blend (final)
Blend
$590k
Owner & transaction history
18215 Fort LLC · 9 yrs held
18215 Fort LLC
since 2017
7 recorded transactions
Zoning & alternative use
B3-GEN · Riverview, 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 Riverview submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riverview 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
Blend value · Realmo final
$590k
Range $531k – $649k · ±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
$310 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$10,516
Tax year 2021
Assessed value
$209,600
Assessed 2024
Previous assessed
$195,300
+7.3% YoY
Effective rate
5.02%
On assessed value
Total market value
$419,200
Applied tax rate
82,400.0000
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
1970
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
1,904 SF
Lot
0.42 ac (18,295 SF)
Zoning code
B3-GEN
APN
51 012 05 0001 300
UPID
US43-4065051
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
B3-GEN · Riverview, MI
Zoning B3-GEN · permitted uses
B3-GEN · Riverview, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Riverview. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1970
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.42 ac
Current owner
From public records · entity-resolved
18215 Fort LLC
Entity
Mailing address
18016 SHAGBARK DR, NORTHVILLE, MI 48168-9502
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2017
—
18215 Fort LLC
—
Trustees Deed
related
$355,000 · Bank Of Ann Arbor
Jan 20, 2017
$256,000
18215 Fort LLC
Satori Corp
Warranty Deed
—
Jan 4, 2012
$161,882
Hassan Bazzi
Deputy Sheriff Of Wayne County
Trustees Deed
related
—
Sep 1, 2011
$246,097
Satori Corp
Deputy Sheriff Of Wayne County
Trustees Deed
related
—
Mar 2, 2011
$350,000
Fort Group Holdings LLC
Michigan Property Holdings LLC
Warranty Deed
$225,000 · Satori Corp
Nov 2, 2007
$150,000
Michigan Property Holdings LLC
Fort Real Estate LLC
Warranty Deed
related
$900,000 · Tri-county Prop Holdings LLC
Mar 27, 2007
$300,000
Nha Commercial Properties LLC
Blc Real Estate LLC
Grant Deed
—
Mar 7, 2007
—
Fort Real Estate LLC
Nha Commercial Properties LLC
Quit Claim Deed
related
—
Feb 6, 2007
—
Hassan Harajli
Hourani,imad
Quit Claim Deed
related
—
Dec 22, 2004
$479,172
Business Loan Center LLC
Deputy Sheriff Of Wayne County
Trustees Deed
related
—
—
—
Satori Corp
—
Deed Of Trust
related
$235,000 · Oasis Trust (ct)
—
—
Michigan Property Holdings LLC
—
Deed Of Trust
related
$100,000 · Robert & Marilynn Simon
—
—
Michigan Property Holdings LLC
—
Deed Of Trust
related
$150,000 · Corrigan Oil Co No II
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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