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Property profile & analytics
OFF-MARKET
Estimated value
$1,835,000
Drug stores
20001 7th Mile Rd, Detroit, MI 48219-3403
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1232210
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
1999
Total area
11,056 SF
Lot
1.33 ac (57,935 SF)
Zoning code
B4
APN
22096110-4
UPID
US43-1232210
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
$2.10M
Comparable Approach
Comparable
$1.85M
Blend (final)
Blend
$1.84M
Owner & transaction history
Tenet Equity Funding Spe V LLC · 1 yrs held
Tenet Equity Funding Spe V LLC
since 2025
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
B4 · Detroit, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.5M
+120.2%
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
$1,855,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,270,000
6.5%
$2,095,000
7%
$1,945,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,145,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,525,000
Change: +120% · Conversion: Difficult
Blend value · Realmo final
$1.84M
Range $1.65M – $2.02M · ±10% · vs last sale $1.68M (Sep 8 2021)
Last sale anchor
$1.68M
Sep 8 2021
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
$166 / 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
$37,047
Tax year 2020
Assessed value
$550,100
Assessed 2024
Previous assessed
$487,800
+12.8% YoY
Effective rate
6.73%
On assessed value
Total market value
$1,100,200
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
1999
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
11,056 SF
Lot
1.33 ac (57,935 SF)
Zoning code
B4
APN
22096110-4
UPID
US43-1232210
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.5M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
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
1999
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
1.33 ac
Current owner
From public records · entity-resolved
Tenet Equity Funding Spe V LLC
Entity
Mailing address
1395 NW 167TH ST, MIAMI GARDENS, FL 33169-5710
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 25, 2025
$2,689,009
Tenet Equity Funding Spe V LLC
Jmcg Corporate Buildings LLC
Deed
$4,500,000 · Citibank NA
Jun 25, 2025
—
Chen Dedicated Holdings LLC
Tenet Equity Funding Spe V LLC
Deed
—
Sep 8, 2021
$1,677,000
Jmcg Corporate Buildings LLC
7 Evergreen Wp LLC
Warranty Deed
$2,160,000 · The Northern Trust Co
Oct 13, 2017
—
7-evergreen Pg LLC
—
Deed
related
$2,400,000 · Comerica Bk
Feb 3, 2017
—
7-evergreen Pg LLC
—
Deed
related
$2,400,000 · Comerica Bk
May 24, 2016
—
7-evergreen Pg LLC
—
Deed
related
$1,800,000 · Comerica Bank
—
—
7-evergreen Pg LLC
—
Loan Modification
related
$2,400,000 · Comerica Bk
—
—
7-evergreen Pg LLC
—
Loan Modification
related
$2,400,000 · Comerica 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.
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