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Property profile & analytics
FOR SALE
Outlet malls
18845 Beech Daly Rd, Redford, MI 48240
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0026867
For Sale
1 / 8
$1,512,500
18845 Beech Daly Rd, Redford, MI 48240
View Listing →
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2009
Total area
8,536 SF
Lot
0.49 ac (21,344 SF)
APN
79 007 01 0039 001
UPID
US43-0026867
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
$968k
Blend (final)
Blend
$1.00M
Owner & transaction history
Exchangerigfit Net Leased Portfolio · 4 yrs held
Exchangerigfit Net Leased Portfolio
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$780,000
+32.1%
Restaurant
$780,000
+32.1%
Neighborhood: shopping center
$645,000
+9.7%
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 Redford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Redford 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
COMMERCIAL (GENERAL)
$780,000
Change: +32% · Conversion: Easy
RESTAURANT
$780,000
Change: +32% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$645,000
Change: +10% · Conversion: Moderate
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±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
$117 / 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
$17,419
Tax year 2019
Assessed value
$295,000
Assessed 2024
Previous assessed
$257,000
+14.8% YoY
Effective rate
5.90%
On assessed value
Total market value
$590,000
Applied tax rate
82,110.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Sale
Year built
2009
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
8,536 SF
Lot
0.49 ac (21,344 SF)
APN
79 007 01 0039 001
UPID
US43-0026867
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
COMMERCIAL (GENERAL)
Est. value
$780,000
RESTAURANT
Est. value
$780,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$645,000
COMMERCIAL (GENERAL)
RESTAURANT
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
2009
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
Exchangerigfit Net Leased Portfolio
Individual
Mailing address
500 E VOLVO PKWY #300, CHESAPEAKE, VA 23320-1604
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Jun 24, 2022
—
Exchangeright Net Leased Portfolio
—
Deed
related
$59,463,750 · Morgan Stanley Bank NA
Jun 3, 2022
—
Exchangerigfit Net Leased Portfolio
Redford Management LLC
Deed
—
Sep 14, 2017
—
Redford Management LLC
—
Deed
related
$1,000,000 · New Buffalo Svgs Bk
Sep 25, 2014
—
Redford Management LLC
Gabby Investments Holdings LLC
Warranty Deed
related
$665,000 · State Bk
Jun 4, 2007
—
Gabby Investments Holding LLC
Ayiar,george A & Haifa F
Quit Claim Deed
related
$750,000 · Citizens Federal Bank Fsb
—
—
Gabby Investments LLC
—
Deed Of Trust
related
$473,511 · Peoples State Bank
—
—
Gabby Investments LLC
—
Deed Of Trust
related
$347,423 · Peoples State Bank
—
—
Gabby Investments LLC
—
Deed Of Trust
related
$809,200 · Peoples State Bank
—
—
Redford Management LLC
—
Deed Of Trust
related
$1,000,000 · New Buffalo Svgs 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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