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Property profile & analytics
OFF-MARKET
Retail space
21038 Middlebelt Rd, New Boston, MI 48164-9483
Individually Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-5220713
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Total area
6,426 SF
Lot
1.02 ac (44,431 SF)
Zoning code
B1 LOCA
APN
75 053 99 0018 000
UPID
US43-5220713
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Wayne Curnett · 15 yrs held
Wayne Curnett
since 2011
5 recorded transactions
Zoning & alternative use
B1 LOCA · New Boston, 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 New Boston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Boston 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 2023Property tax & assessments
Tax year 2023
Tax billed
$5,593
Tax year 2023
Assessed value
$160,200
Assessed 2024
Previous assessed
$150,000
+6.8% YoY
Effective rate
3.49%
On assessed value
Total market value
$320,400
Applied tax rate
82,340.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Heating
FORCED AIR
Stories
1
Bathrooms
1
Total area
6,426 SF
Lot
1.02 ac (44,431 SF)
Zoning code
B1 LOCA
APN
75 053 99 0018 000
UPID
US43-5220713
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
B1 LOCA · New Boston, MI
Zoning B1 LOCA · permitted uses
B1 LOCA · New Boston, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Boston. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
FORCED AIR
Stories
1
Bathrooms
1
Lot
1.02 ac
Current owner
From public records · entity-resolved
Wayne Curnett
Individual
Free & Clear · 15 yrs held
Mailing address
24200 FOXHOLLOW RUN, NEW BOSTON, MI 48164-8207
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
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
Mar 9, 2011
$55,000
Wayne Curnett
Ib Property Holdings LLC
Grant Deed
—
Feb 8, 2008
—
Ib Property Holdings LLC
Bayview Loan Servicing LLC
Quit Claim Deed
related
—
Dec 20, 2007
$352,747
Bayview Loan Servicing LLC
Deputy Sheriff Of Wayne County
Trustees Deed
related
—
Apr 2, 2007
$4,897
Title Select LLC
Treasurer Of Wayne County
Grant Deed
—
Mar 15, 2007
—
Justin F Mero
Laskie,glenn G
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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