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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Retail space
19170 Eureka Rd 19200 Southgate, MI 48195-2985
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-0851714
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1980
Total area
8,750 SF
Lot
0.57 ac (24,829 SF)
Zoning code
C-2 GEN BUS
APN
53 015 02 0059 001
UPID
US43-0851714
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
-
Aesthetic Ink Micro-Pigmentation Clinic Hair Salon
-
Glam Queen Beautique Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$800k
Blend (final)
Blend
$800k
Owner & transaction history
Gatti Property Management LLC · 4 yrs held
Gatti Property Management LLC
since 2022
2 recorded transactions
Zoning & alternative use
C-2 GEN BUS · Southgate, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$960,000
+44.2%
Restaurant
$905,000
+36.0%
Office building
$850,000
+27.5%
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 Southgate submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Southgate 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
RETAIL STORES
$665,000
Current use
COMMERCIAL (GENERAL)
$960,000
Change: +44% · Conversion: Easy
RESTAURANT
$905,000
Change: +36% · Conversion: Easy
OFFICE BUILDING
$850,000
Change: +28% · Conversion: Easy
MEDICAL BUILDING
$825,000
Change: +24% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$695,000
Change: +4% · Conversion: Moderate
AUTO REPAIR, GARAGE
$630,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$800k
Range $720k – $880k · ±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
$91 / 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
$17,608
Tax year 2023
Assessed value
$252,200
Assessed 2024
Previous assessed
$232,600
+8.4% YoY
Effective rate
6.98%
On assessed value
Total market value
$504,400
Applied tax rate
82,405.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1980
Heating
FORCED AIR
Stories
2
Bathrooms
1
Total area
8,750 SF
Lot
0.57 ac (24,829 SF)
Zoning code
C-2 GEN BUS
APN
53 015 02 0059 001
UPID
US43-0851714
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
C-2 GEN BUS · Southgate, MI
Zoning C-2 GEN BUS · permitted uses
C-2 GEN BUS · Southgate, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Southgate. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$665,000
COMMERCIAL (GENERAL)
Est. value
$960,000
RESTAURANT
Est. value
$905,000
OFFICE BUILDING
Est. value
$850,000
MEDICAL BUILDING
Est. value
$825,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$695,000
AUTO REPAIR, GARAGE
Est. value
$630,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1980
Heating
FORCED AIR
Stories
2
Bathrooms
1
Lot
0.57 ac
Current owner
From public records · entity-resolved
Gatti Property Management LLC
Entity
Free & Clear · 4 yrs held
Mailing address
23282 COUNTRY CLB LN, GROSSE ILE, MI 48138-2244
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 22, 2022
—
Gatti Property Management LLC
F&g Associates LLC
Quit Claim Deed
related
—
—
—
Marco J Gatti
—
Deed Of Trust
related
$128,000 · Standard Federal Bank
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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