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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
21500 Fenkell St Detroit, MI 48223-1513
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0877612
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1958
Total area
1,638 SF
Lot
0.25 ac (10,890 SF)
Zoning code
B4
APN
22011271-4
UPID
US43-0877612
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
Brightmoor LLC · 3 yrs held
Brightmoor LLC
since 2022
Last sale
$275,000
6 recorded transactions
Zoning & alternative use
B4 · Detroit, 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 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
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 2020Property tax & assessments
Tax year 2020
Tax billed
$12,649
Tax year 2020
Assessed value
$163,000
Assessed 2024
Previous assessed
$146,600
+11.2% YoY
Effective rate
7.76%
On assessed value
Total market value
$326,000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1958
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
1,638 SF
Lot
0.25 ac (10,890 SF)
Zoning code
B4
APN
22011271-4
UPID
US43-0877612
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.
Building & site characteristics
From public records
Year built
1958
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Brightmoor LLC
Entity
Mailing address
2409 GOODSON ST, HAMTRAMCK, MI 48212-3843
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2022
$150,000
Brightmoor LLC
21500 Fenkell LLC
Quit Claim Deed
related
—
Mar 18, 2015
—
Fenkell Investment Group LLC
Zana Investments LLC
Quit Claim Deed
related
—
Mar 18, 2015
$80,000
21500 Fenkell LLC
Fenkell Investment Group LLC
Quit Claim Deed
related
—
Mar 18, 2013
$275,000
Zana Investments LLC
Fenkell Investment Group LLC
Dual Purpose Document
$225,000 · Fenkell Investment Group LLC
Jan 11, 2010
—
Fenkell Investment Group LLC
Khalil,fatin
Quit Claim Deed
related
$176,000 · Fatin Khalil
—
—
Chapell LLC
—
Deed Of Trust
related
$175,000 · Secured Lenders LLC Secured Lenders LLC
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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