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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Grocery and convenience stores
22600 Michigan Ave, Dearborn, MI 48124-2116
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US43-1488312
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1961
Construction
CONCRETE BLOCKS
Total area
2,226 SF
Lot
0.28 ac (12,197 SF)
Zoning code
BC
APN
82 09 214 03 006
UPID
US43-1488312
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
-
Mobil Gas & Mini Mart Grocery & Convenience Store
-
ATM Atm
-
Mobil Gas Station
-
Bitcoin of America ATM Atm
-
Athena Bitcoin ATM Atm Crypto Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$470k
Comparable Approach
Comparable
$830k
Blend (final)
Blend
$775k
Owner & transaction history
Naser Holdings Xiii Lllc · 4 yrs held
Naser Holdings Xiii Lllc
since 2021
Last sale
$715,429
7 recorded transactions
Zoning & alternative use
BC · Dearborn, 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 Dearborn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dearborn 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
$780,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$510,000
6.5%
$470,000
7%
$435,000
Blend value · Realmo final
$775k
Range $698k – $853k · ±10% · vs last sale $715k (Aug 17 2021)
Last sale anchor
$715k
Aug 17 2021
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
$348 / 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
$28,571
Tax year 2023
Assessed value
$452,700
Assessed 2024
Previous assessed
$433,600
+4.4% YoY
Effective rate
6.31%
On assessed value
Total market value
$905,400
Applied tax rate
82,030.0000
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
1961
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Buildings
1
Stories
1
Bathrooms
2
Total area
2,226 SF
Lot
0.28 ac (12,197 SF)
Zoning code
BC
APN
82 09 214 03 006
UPID
US43-1488312
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
BC · Dearborn, MI
Zoning BC · permitted uses
BC · Dearborn, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dearborn. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1961
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Stories
1
Buildings
1
Bathrooms
2
Lot
0.28 ac
Current owner
From public records · entity-resolved
Naser Holdings Xiii Lllc
Entity
Mailing address
22600 MICHIGAN AVE, DEARBORN, MI 48124-2116
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 2021
$715,429
Naser Holdings Xiii Lllc
Singh Holdings LLC
Warranty Deed
$500,000 · Oakland County Fules INC
Aug 13, 2021
$840,000
Singh Holdings LLC
Soaring Pine Cap Re & Debt Fund II
Warranty Deed
$500,000 · Oakland County Fules INC
Nov 13, 2019
$750,000
Soaring Pine Cap R & E & Debt Fu
Westborn Holdings LLC
Warranty Deed
—
Nov 5, 2019
$650,000
Westborn Holdings LLC
Mohamad Harb
Warranty Deed
—
Oct 29, 2019
—
Soaring Pine Cap R & E & Debt Fu
West Dearborn Petroleum LLC
Quit Claim Deed
related
—
Oct 28, 2019
—
Soaring Pine Cap R & E & Debt Fu
West Dearbom Petroleum LLC
Grant Deed
—
Aug 27, 2018
—
Westborn Holdings LLC
Husseini,hamze
Quit Claim Deed
related
—
May 9, 2016
—
Westborn Holdings LLC
Silmi Properties LLC
Quit Claim Deed
related
—
Jan 5, 2016
—
Silmi Properties LLC
Husseini Group LLC
Quit Claim Deed
—
Jul 11, 2014
—
Hamze Husseini
Harb,mohamad
Quit Claim Deed
—
—
—
Mohamed Harb
—
Deed Of Trust
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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