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Property profile & analytics
OFF-MARKET
Estimated value
$3,295,000
Community centers
18600 Fenkell St Detroit, MI 48223-2315
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0376194
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1963
Total area
52,150 SF
Lot
3.57 ac (155,509 SF)
Zoning code
B3
APN
22007234.003L
UPID
US43-0376194
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
$4.24M
Blend (final)
Blend
$3.30M
Owner & transaction history
D Camilleri LLC · 13 yrs held
D Camilleri LLC
since 2013
7 recorded transactions
Zoning & alternative use
B3 · Detroit, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.8M
+20.5%
Restaurant
$4.8M
+20.4%
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 Detroit submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Detroit 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
NEIGHBORHOOD: SHOPPING CENTER
$3,950,000
Current use
COMMERCIAL (GENERAL)
$4,760,000
Change: +21% · Conversion: Easy
RESTAURANT
$4,760,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$3,605,000
Change: -9% · Conversion: Easy
MEDICAL BUILDING
$3,285,000
Change: -17% · Conversion: Difficult
OFFICE BUILDING
$3,215,000
Change: -19% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,160,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$3.30M
Range $2.97M – $3.62M · ±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
$63 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$95,486
Tax year 2020
Assessed value
$1,609,400
Assessed 2024
Previous assessed
$1,517,000
+6.1% YoY
Effective rate
5.93%
On assessed value
Total market value
$3,218,800
Applied tax rate
82,010.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1963
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
52,150 SF
Lot
3.57 ac (155,509 SF)
Zoning code
B3
APN
22007234.003L
UPID
US43-0376194
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
B3 · Detroit, MI
Zoning B3 · permitted uses
B3 · Detroit, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Detroit. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.0M
COMMERCIAL (GENERAL)
Est. value
$4.8M
RESTAURANT
Est. value
$4.8M
RETAIL STORES
Est. value
$3.6M
MEDICAL BUILDING
Est. value
$3.3M
OFFICE BUILDING
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$3.2M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1963
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
3.57 ac
Current owner
From public records · entity-resolved
D Camilleri LLC
Entity
Mailing address
6414 HEYDEN ST, DETROIT, MI 48228-3969
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
Apr 23, 2020
—
D Camilleri LLC
—
Deed
related
$1,500,000 · Michigan Schools & Gov't Cu
Nov 13, 2017
—
D Camilleri LLC
—
Deed
related
$300,000 · Diversified Members Cu
Jun 30, 2017
—
D Camilleri LLC
—
Deed
related
$2,000,000 · Diversified Members Credit Union
Jan 2, 2013
—
D Camilleri LLC
Grandland Realty LLC
Grant Deed
$2,200,000 · Grandland Realty LLC
May 3, 2010
—
Grandland Realty LLC
Lbcmt 1998-c4 Fenkell Avenue L
Grant Deed
—
Jul 14, 2009
$3,200,000
1998-c4 Fenkell Avenue L Lbcmt
Deputy Sheriff Of Wayne County
Trustees Deed
related
—
—
—
D Camilleri LLC
—
Deed Of Trust
related
$1,500,000 · Michigan Schools & Gov't Cu
—
—
D Camilleri LLC
—
Deed Of Trust
related
$300,000 · Diversified Members Cu
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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