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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Auto shops
19125 Dix Rd, Melvindale, MI 48122-1821
Entity Owned
1-yr Hold
Free & Clear
Property ID
US43-3507084
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Total area
7,176 SF
Lot
0.53 ac (23,087 SF)
Zoning code
R1 1 FA
APN
47 004 01 0575 300
UPID
US43-3507084
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
-
Four-Way Collision Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$575k
Owner & transaction history
Hussein Aoun Investment LLC · 1 yrs held
Hussein Aoun Investment LLC
since 2024
Last sale
$575,000
3 recorded transactions
Zoning & alternative use
R1 1 FA · Melvindale, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$790,000
+53.1%
Restaurant
$745,000
+44.3%
Office building
$695,000
+35.4%
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 Melvindale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Melvindale 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
$575,000
ML approach
$575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$515,000
Current use
COMMERCIAL (GENERAL)
$790,000
Change: +53% · Conversion: Moderate
RESTAURANT
$745,000
Change: +44% · Conversion: Difficult
OFFICE BUILDING
$695,000
Change: +35% · Conversion: Difficult
MEDICAL BUILDING
$675,000
Change: +31% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$570,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$545,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$575k
Range $518k – $633k · ±10% · vs last sale $575k (Oct 10 2024)
Last sale anchor
$575k
Oct 10 2024
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
$80 / 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
$11,459
Tax year 2023
Assessed value
$118,600
Assessed 2024
Previous assessed
$156,700
-24.3% YoY
Effective rate
9.66%
On assessed value
Total market value
$237,200
Applied tax rate
82,045.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
7,176 SF
Lot
0.53 ac (23,087 SF)
Zoning code
R1 1 FA
APN
47 004 01 0575 300
UPID
US43-3507084
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
R1 1 FA · Melvindale, MI
Zoning R1 1 FA · permitted uses
R1 1 FA · Melvindale, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Melvindale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$515,000
COMMERCIAL (GENERAL)
Est. value
$790,000
RESTAURANT
Est. value
$745,000
OFFICE BUILDING
Est. value
$695,000
MEDICAL BUILDING
Est. value
$675,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$570,000
RETAIL STORES
Est. value
$545,000
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.53 ac
Current owner
From public records · entity-resolved
Hussein Aoun Investment LLC
Entity
Free & Clear · 1 yrs held
Mailing address
19125 DIX RD, MELVINDALE, MI 48122-1821
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2024
$575,000
Hussein Aoun Investment LLC
D & R Property Partners LLC
Warranty Deed
—
Feb 8, 2022
$297,800
D & R Property Partners LLC
4 Way Collision INC
Warranty Deed
—
Nov 7, 2017
$297,800
D & R Property Partners LLC
4-way Collision INC
Dual Purpose Document
$197,800 · 4-way Collision INC
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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