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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
19890 Melrose Ave Southfield, MI 48075-5715
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-5114779
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1942
Total area
1,917 SF
Lot
0.34 ac (14,985 SF)
Zoning code
R-1
APN
76-24-35-303-022
UPID
US43-5114779
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
-
ATM Atm
-
Cold Spot Party Supply Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mvp Enterprise LLC · 3 yrs held
Mvp Enterprise LLC
since 2023
Last sale
$74,000
4 recorded transactions
Zoning & alternative use
R-1 · Southfield, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intended of this district to provide areas in the city for single-family dwellings as permitted uses and residentially related uses
Zone name
Single Family
General category
RESIDENTIAL
Zone area
1,458.93 ac
Source
Realmo
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 Southfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Southfield 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2022Property tax & assessments
Tax year 2022
Tax billed
$6,679
Tax year 2022
Assessed value
$78,430
Assessed 2022
Previous assessed
$78,430
+0.0% YoY
Effective rate
8.52%
On assessed value
Assessed land
$31,880
Assessed improvement
$46,550
Land market value
$63,760
Improvement market value
$93,100
Total market value
$156,860
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
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1942
Heating
FORCED AIR
Buildings
2
Stories
1
Bathrooms
1
Total area
1,917 SF
Lot
0.34 ac (14,985 SF)
Zoning code
R-1
APN
76-24-35-303-022
UPID
US43-5114779
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
R-1 · Southfield, MIZoning R-1 · permitted uses
R-1 · Southfield, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intended of this district to provide areas in the city for single-family dwellings as permitted uses and residentially related uses
Zone name
Single Family
General category
RESIDENTIAL
Zone area
1,458.93 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1942
Heating
FORCED AIR
Stories
1
Buildings
2
Bathrooms
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Mvp Enterprise LLC
Entity
Mailing address
26084 HENDRIE BLVD STE #202, HUNTINGTON WOODS, MI 48070-1243
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2023
$74,000
Mvp Enterprise LLC
Jjga LLC
Warranty Deed
—
Aug 7, 2018
$44,000
Jjga LLC
Sharrak,kamal & Batul
Warranty Deed
—
Jan 31, 2007
$150,000
Kamal Sharrak
Groves,robert C & Barbara J
Warranty Deed
$115,000 · Comerica Bank
—
—
Kamal Sharrak
—
Deed Of Trust
related
$60,000 · Comerica 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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