Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$10,815,000
Strip malls
2095 Rawsonville Rd Van Buren Township, MI 48111-2219
Entity Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1767259
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1973
Total area
224,938 SF
Lot
19.42 ac (845,935 SF)
Zoning code
C1 GEN
APN
83 074 01 0007 005
UPID
US43-1767259
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
-
Sears Heating and Air Conditioning HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.81M
Blend (final)
Blend
$10.82M
Owner & transaction history
Lakewood Shopping Center LLC · 18 yrs held
Lakewood Shopping Center LLC
since 2008
5 recorded transactions
Zoning & alternative use
C1 GEN · Van Buren Township, 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 Van Buren Township submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Van Buren Township 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
NEIGHBORHOOD: SHOPPING CENTER
$17,900,000
Current use
RETAIL STORES
$17,130,000
Change: -4% · Conversion: Easy
AUTO REPAIR, GARAGE
$16,135,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$10.82M
Range $9.73M – $11.90M · ±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
$48 / 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
$113,383
Tax year 2023
Assessed value
$2,141,300
Assessed 2024
Previous assessed
$2,661,400
-19.5% YoY
Effective rate
5.30%
On assessed value
Total market value
$4,282,600
Applied tax rate
82,430.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1973
Heating
FORCED AIR
Stories
1
Total area
224,938 SF
Lot
19.42 ac (845,935 SF)
Zoning code
C1 GEN
APN
83 074 01 0007 005
UPID
US43-1767259
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
C1 GEN · Van Buren Township, MIZoning C1 GEN · permitted uses
C1 GEN · Van Buren Township, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$17.9M
RETAIL STORES
Est. value
$17.1M
AUTO REPAIR, GARAGE
Est. value
$16.1M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
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
1973
Heating
FORCED AIR
Stories
1
Lot
19.42 ac
Current owner
From public records · entity-resolved
Lakewood Shopping Center LLC
Entity
Mailing address
17800 N LAUREL PARK DR200C, LIVONIA, MI 48152-3985
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2021
—
Lakewood Shopping Center LLC
—
Deed
related
$174,268 · Fifth Third Bank NA
Feb 21, 2018
—
Lakewood Shopping Center LLC
—
Deed
related
$4,000,000 · Fifth Third Bk/ctrl
Jun 17, 2008
—
Lakewood Shopping Center LLC
Schostak,jerome L & Elyse F
Quit Claim Deed
related
$4,000,000 · Fifth Third Bank
—
—
Lakewood Shopping Center LLC
—
Loan Modification
related
$4,000,000 · Fifth Third Bk/ctrl
—
—
Lakewood Shopping Center LLC
—
Deed Of Trust
related
$6,000,000 · Fifth Third 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2095 Rawsonville Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
