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Property profile & analytics
OFF-MARKET
Drive through restaurants
1845 Southfield Rd, Lincoln Park, MI 48146-2247
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-4256386
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1945
Total area
1,580 SF
Lot
0.9 ac (39,204 SF)
APN
45 010 04 0099 302
UPID
US43-4256386
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
-
Starbucks Cafe & Coffee Shop
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
Jendem Investment LLC · 2 yrs held
Jendem Investment LLC
since 2023
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 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
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 2019Property tax & assessments
Tax year 2019
Tax billed
$22,268
Tax year 2019
Assessed value
$338,600
Assessed 2024
Previous assessed
$326,700
+3.6% YoY
Effective rate
6.58%
On assessed value
Total market value
$677,200
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1945
Heating
FORCED AIR
Stories
1
Total area
1,580 SF
Lot
0.9 ac (39,204 SF)
APN
45 010 04 0099 302
UPID
US43-4256386
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
Year built
1945
Heating
FORCED AIR
Stories
1
Lot
0.9 ac
Current owner
From public records · entity-resolved
Jendem Investment LLC
Entity
Free & Clear · 2 yrs held
Mailing address
21950 DOXTATOR ST, DEARBORN, MI 48128-1430
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Aug 24, 2023
—
Jendem Investment LLC
Amiad 18 LLC
Deed
—
Aug 22, 2012
$1,175,000
Amiad 18 LLC
Suzuki Roy N & Y Caryl Trust
Warranty Deed
—
May 12, 2011
$965,000
Suzuki Roy N & Y C Living Trust
Hnatek Trust
Warranty Deed
$569,000 · First Place Bank
May 10, 2010
—
Hnatek Trust
No Resale Ltd
Warranty Deed
—
Oct 7, 2009
—
No Resale Ltd
Th-lincoln Park LLC
Warranty Deed
—
Jun 22, 2007
—
Th-lincoln Park LLC
Wg-lincoln Park LLC
Grant Deed
related
$8,741,000 · Fifth Third Bank
Nov 13, 2006
$80,000
Alan Williams
Kramer,adrian L & Gloria A
Warranty Deed
—
Nov 13, 2006
$450,000
Wg-lincoln Park LLC
Williams,alan B & Ruth B
Warranty Deed
—
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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