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Property profile & analytics
OFF-MARKET
Estimated value
$435,000
Auto shops
21588 Dix Toledo Hwy Brownstown Twp, MI 48183-1352
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US43-1522747
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1962
Total area
8,040 SF
Lot
6.63 ac (288,803 SF)
Zoning code
B-2
APN
70 044 99 0018 000
UPID
US43-1522747
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
$631k
Blend (final)
Blend
$435k
Owner & transaction history
Tempus Fugit LLC · 12 yrs held
Tempus Fugit LLC
since 2014
3 recorded transactions
Zoning & alternative use
B-2 · Brownstown Twp, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$980,000
+70.1%
Medical building
$755,000
+31.7%
Office building
$705,000
+22.7%
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 Brownstown Twp submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brownstown Twp 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
AUTO REPAIR, GARAGE
$575,000
Current use
COMMERCIAL (GENERAL)
$980,000
Change: +70% · Conversion: Moderate
MEDICAL BUILDING
$755,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$705,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$660,000
Change: +15% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$640,000
Change: +11% · Conversion: Difficult
RESTAURANT
$620,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$435k
Range $392k – $479k · ±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
$54 / 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
$17,463
Tax year 2023
Assessed value
$308,400
Assessed 2024
Previous assessed
$300,500
+2.6% YoY
Effective rate
5.66%
On assessed value
Total market value
$616,800
Applied tax rate
82,365.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1962
Heating
FORCED AIR
Stories
1
Total area
8,040 SF
Lot
6.63 ac (288,803 SF)
Zoning code
B-2
APN
70 044 99 0018 000
UPID
US43-1522747
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Brownstown Twp, MIZoning B-2 · permitted uses
B-2 · Brownstown Twp, 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
AUTO REPAIR, GARAGE Current
Est. value
$575,000
COMMERCIAL (GENERAL)
Est. value
$980,000
MEDICAL BUILDING
Est. value
$755,000
OFFICE BUILDING
Est. value
$705,000
RETAIL STORES
Est. value
$660,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$640,000
RESTAURANT
Est. value
$620,000
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
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
1962
Heating
FORCED AIR
Stories
1
Lot
6.63 ac
Current owner
From public records · entity-resolved
Tempus Fugit LLC
Entity
Mailing address
PO BOX 777, GROSSE ILE, MI 48138-0777
Ownership since
2014
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
Apr 4, 2014
$370,000
Tempus Fugit LLC
Mercer Ronald E Trust
Warranty Deed
$440,000 · Huntington Nat'l Bk
Oct 26, 2012
$370,000
Sean Frese
Mercer Ronald E Trust
Dual Purpose Document
$320,000 · Mercer Ronald E Trust (pt)
Oct 24, 2012
—
Tempus Fugit LLC
Frese,sean & Jamie
Quit Claim Deed
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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