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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Grocery and convenience stores
19245 Schoolcraft Detroit, MI 48223-2929
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US43-5293845
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1955
Total area
2,378 SF
Lot
0.23 ac (10,019 SF)
Zoning code
B4
APN
22008929-33
UPID
US43-5293845
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
$518k
Blend (final)
Blend
$520k
Owner & transaction history
Mehdi Investment LLC · 13 yrs held
Mehdi Investment LLC
since 2013
7 recorded transactions
Zoning & alternative use
B4 · Detroit, MI
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 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
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$219 / 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
$8,661
Tax year 2020
Assessed value
$206,500
Assessed 2024
Previous assessed
$185,800
+11.1% YoY
Effective rate
4.19%
On assessed value
Total market value
$413,000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1955
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
2,378 SF
Lot
0.23 ac (10,019 SF)
Zoning code
B4
APN
22008929-33
UPID
US43-5293845
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
B4 · Detroit, MI
Zoning B4 · permitted uses
B4 · 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.
Building & site characteristics
From public records
Year built
1955
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Mehdi Investment LLC
Entity
Mailing address
19245 SCHOOLCRAFT, DETROIT, MI 48223-2929
Mailing matches property
Yes
Owner-occupied
Yes
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2013
$375,000
Mehdi Investment LLC
Schoolcraft Fuel Props LLC
Dual Purpose Document
$375,000 · Schoolcraft Fuel Props LLC
Feb 17, 2012
—
Schoolcraft Fuel Props LLC
B & A Group LLC
Quit Claim Deed
related
—
Nov 29, 2011
$1,000
B & A Group LLC
Naji,fatime
Quit Claim Deed
related
—
Apr 27, 2011
$4,000
N & R Petroleum INC
Majed LLC
Quit Claim Deed
related
—
Dec 21, 2010
—
B & A Group LLC
N & R Petroleum INC
Quit Claim Deed
related
—
Jun 19, 2009
—
N & R Petroleum INC
Majed LLC
Quit Claim Deed
related
—
Jul 16, 2008
$425,000
N & R Petroleum INC
El-masri,omar
Warranty Deed
$250,000 · Satori Corp
Jul 16, 2008
$95,900
Omar El-masri
Van Buren Oil LLC
Warranty Deed
—
Jun 30, 2008
—
Omar El-masri
Sobh,mohamed
Quit Claim Deed
related
—
Apr 29, 2008
$80,000
Van Buren Oil LLC
Findling,david
Grant Deed
—
—
—
Fadis Fuel & Mini Mart LLC
—
Deed Of Trust
related
$150,000 · Corrigan Oil Co No II
—
—
Mehdi Investment LLC
—
Deed Of Trust
related
—
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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