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Property profile & analytics
OFF-MARKET
Estimated value
$3,985,000
Strip malls
220 Canton Ctr Rd Canton, MI 48187-2951
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-2199097
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2009
Total area
10,450 SF
Lot
1.27 ac (55,321 SF)
Zoning code
R-3
APN
71 059 99 0004 716
UPID
US43-2199097
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
$1.13M
Blend (final)
Blend
$3.99M
Owner & transaction history
Gk Retail Holdings INC · 11 yrs held
Gk Retail Holdings INC
since 2014
2 recorded transactions
Zoning & alternative use
R-3 · Canton, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Charter Township of Canton Zoning Ordinance Summary of Zoning Districts and Land Uses* RA RR RE R-1 R-2 R-3 R-4 R-5 R-6 MR RMH C-1 C-2 C-3 C-4 MRD HRD O-1 LI-R LI GI WC OSP CBD CP CHV Related Definitions Land Use Standards P=Permitted Uses S=Special Land Uses *Note: This Table is a summary of the Permitted Uses and Special La
Zone name
Single Family Residential
General category
RESIDENTIAL
Zone area
416.05 ac
Top alternative use upside
Commercial (general)
$1.8M
+110.2%
Office building
$1.4M
+67.2%
Auto repair, garage
$1.1M
+38.0%
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 Canton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Canton 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
$830,000
Current use
COMMERCIAL (GENERAL)
$1,750,000
Change: +110% · Conversion: Easy
OFFICE BUILDING
$1,390,000
Change: +67% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,145,000
Change: +38% · Conversion: Difficult
RETAIL STORES
$1,120,000
Change: +35% · Conversion: Easy
MEDICAL BUILDING
$1,015,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$3.99M
Range $3.59M – $4.38M · ±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
$381 / 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
$36,466
Tax year 2023
Assessed value
$863,200
Assessed 2024
Previous assessed
$797,500
+8.2% YoY
Effective rate
4.22%
On assessed value
Total market value
$1,726,400
Applied tax rate
82,100.0000
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
2009
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
10,450 SF
Lot
1.27 ac (55,321 SF)
Zoning code
R-3
APN
71 059 99 0004 716
UPID
US43-2199097
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
R-3 · Canton, MIZoning R-3 · permitted uses
R-3 · Canton, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Charter Township of Canton Zoning Ordinance Summary of Zoning Districts and Land Uses* RA RR RE R-1 R-2 R-3 R-4 R-5 R-6 MR RMH C-1 C-2 C-3 C-4 MRD HRD O-1 LI-R LI GI WC OSP CBD CP CHV Related Definitions Land Use Standards P=Permitted Uses S=Special Land Uses *Note: This Table is a summary of the Permitted Uses and Special La
Zone name
Single Family Residential
General category
RESIDENTIAL
Zone area
416.05 ac
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$830,000
COMMERCIAL (GENERAL)
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
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
2009
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
1.27 ac
Current owner
From public records · entity-resolved
Gk Retail Holdings INC
Entity
Mailing address
355 N CANTON CTR RD, CANTON, MI 48187-5096
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2014
$4,025,000
Gk Retail Holdings INC
Cgs Canton LLC
Warranty Deed
$4,068,750 · Citigroup Global Markets Realty Cor
—
—
Gk Retail Holdings INC
—
Loan Modification
related
$5,850,000 · Citigroup Global Markets Rlty
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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