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Property profile & analytics
OFF-MARKET
Estimated value
$21,340,000
Outlet malls
20401 Haggerty Rd Northville, MI 48167-1999
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-4293551
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1984
Total area
237,049 SF
Lot
27.23 ac (1,186,139 SF)
Zoning code
B-3
APN
77 001 99 0001 726
UPID
US43-4293551
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
-
Meijer Bakery Bakery Specialty Food Shop
-
The UPS Store Courier Service Postal Service
-
Shred Nations Recycling Center Waste Management Facility
-
VetIQ Petcare Veterinary Clinic
-
higi Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$21.34M
Blend (final)
Blend
$21.34M
Owner & transaction history
Barnes Dev Co LLC · 9 yrs held
Barnes Dev Co LLC
since 2016
3 recorded transactions
Zoning & alternative use
B-3 · Northville, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$26.0M
+44.2%
Restaurant
$24.5M
+36.0%
Office building
$23.0M
+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 Northville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Northville 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
$18,050,000
Current use
COMMERCIAL (GENERAL)
$26,035,000
Change: +44% · Conversion: Easy
RESTAURANT
$24,545,000
Change: +36% · Conversion: Easy
OFFICE BUILDING
$23,020,000
Change: +28% · Conversion: Easy
MEDICAL BUILDING
$22,325,000
Change: +24% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$18,860,000
Change: +4% · Conversion: Moderate
AUTO REPAIR, GARAGE
$17,005,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$21.34M
Range $19.21M – $23.47M · ±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
$90 / 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
$296,658
Tax year 2023
Assessed value
$6,731,600
Assessed 2024
Previous assessed
$6,310,900
+6.7% YoY
Effective rate
4.41%
On assessed value
Total market value
$13,463,200
Applied tax rate
82,390.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1984
Heating
FORCED AIR
Stories
1
Total area
237,049 SF
Lot
27.23 ac (1,186,139 SF)
Zoning code
B-3
APN
77 001 99 0001 726
UPID
US43-4293551
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Northville, MI
Zoning B-3 · permitted uses
B-3 · Northville, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Northville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$18.1M
COMMERCIAL (GENERAL)
Est. value
$26.0M
RESTAURANT
Est. value
$24.5M
OFFICE BUILDING
Est. value
$23.0M
MEDICAL BUILDING
Est. value
$22.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$18.9M
AUTO REPAIR, GARAGE
Est. value
$17.0M
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
1984
Heating
FORCED AIR
Stories
1
Lot
27.23 ac
Current owner
From public records · entity-resolved
Barnes Dev Co LLC
Entity
Free & Clear · 9 yrs held
Mailing address
2929 WALKER AVE NW, GRAND RAPIDS, MI 49544-6402
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Dec 21, 2016
—
Barnes Dev Co LLC
Meijer INC
Warranty Deed
related
—
Jan 31, 2012
—
Haggerty Eight LLC
Good Will Co INC
Warranty Deed
$2,202,533 · Huntington Nat'l Bk
—
—
Barnes Dev Co 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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