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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Grocery and convenience stores
20800 Gratiot Ave, Eastpointe, MI 48021-2863
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US43-4660218
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2010
Total area
4,400 SF
Lot
0.68 ac (29,403 SF)
Zoning code
B-3
APN
02-13-36-480-002
UPID
US43-4660218
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
-
BP - Gratiot & 8 Mile Inc Gas Station
-
Athena Bitcoin ATM Crypto Atm Atm
-
Bitcoin of America ATM Atm Currency Exchange Service
-
LibertyX Bitcoin ATM Atm
-
Nunu Enterprise Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$500k
Comparable Approach
Comparable
$464k
Blend (final)
Blend
$745k
Owner & transaction history
Al Oud 7 LLC · 2 yrs held
Al Oud 7 LLC
since 2023
Last sale
$1.0M
4 recorded transactions
Zoning & alternative use
B-3 · Eastpointe, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$540,000
+64.4%
Commercial (general)
$450,000
+37.6%
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 Eastpointe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eastpointe 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
$1,035,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$540,000
6.5%
$500,000
7%
$465,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$540,000
Change: +64% · Conversion: Difficult
COMMERCIAL (GENERAL)
$450,000
Change: +38% · Conversion: Easy
Blend value · Realmo final
$745k
Range $671k – $820k · ±10% · vs last sale $1.00M (Aug 22 2023)
Last sale anchor
$1.00M
Aug 22 2023
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
$169 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$27,137
Tax year 2022
Assessed value
$361,500
Assessed 2023
Previous assessed
$361,500
+0.0% YoY
Effective rate
7.51%
On assessed value
Total market value
$723,000
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
2010
Heating
FORCED AIR
Stories
1
Total area
4,400 SF
Lot
0.68 ac (29,403 SF)
Zoning code
B-3
APN
02-13-36-480-002
UPID
US43-4660218
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Eastpointe, MI
Zoning B-3 · permitted uses
B-3 · Eastpointe, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Eastpointe. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$540,000
COMMERCIAL (GENERAL)
Est. value
$450,000
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
2010
Heating
FORCED AIR
Stories
1
Lot
0.68 ac
Current owner
From public records · entity-resolved
Al Oud 7 LLC
Entity
Mailing address
20800 GRATIOT AVE, EASTPOINTE, MI 48021-2863
Mailing matches property
Yes
Owner-occupied
Yes
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
Aug 22, 2023
$1,000,000
Al Oud 7 LLC
Hilal Hajalie
Warranty Deed
$1,379,000 · Citizens Bank
Dec 2, 2008
$405,000
Hilal Hajalie
Smith,steven
Grant Deed
—
Jan 5, 2007
$1,320,000
I & M Developers LLC
Safeway Acquisition Co LLC
Grant Deed
$300,000 · Safeway Oil Corp
Apr 13, 2005
$675,000
Safeway Acquisition Co LLC
Shell Oil Products Us
Grant Deed
$25,897,000 · 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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