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Property profile & analytics
OFF-MARKET
Commercial real estate
228 Burke St, River Rouge, MI 48218-1436
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-5293934
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1918
Lot
0.04 ac (1,742 SF)
Zoning code
B1 CEN
APN
50 008 09 0034 001
UPID
US43-5293934
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
Hp Snap Downriver LLC · 7 yrs held
Hp Snap Downriver LLC
since 2018
7 recorded transactions
Zoning & alternative use
B1 CEN · River Rouge, 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 River Rouge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs River Rouge 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
$1,633
Tax year 2023
Assessed value
$17,600
Assessed 2024
Previous assessed
$17,000
+3.5% YoY
Effective rate
9.28%
On assessed value
Total market value
$35,200
Applied tax rate
82,120.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1918
Heating
FORCED AIR
Stories
1
Lot
0.04 ac (1,742 SF)
Zoning code
B1 CEN
APN
50 008 09 0034 001
UPID
US43-5293934
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
B1 CEN · River Rouge, MI
Zoning B1 CEN · permitted uses
B1 CEN · River Rouge, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
River Rouge. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1918
Heating
FORCED AIR
Stories
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
Hp Snap Downriver LLC
Entity
Free & Clear · 7 yrs held
Mailing address
24300 JOY RD, REDFORD, MI 48239-1216
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2018
$5,580
Hp Snap Downriver LLC
City Of River Rouge
Quit Claim Deed
related
—
Aug 10, 2018
$5,580
City Of River Rouge
Treasurer Of Wayne County
Quit Claim Deed
related
—
Jun 1, 2018
—
Wayne County Treasurer
Treasurer Of Wayne County
Tax Deed
related
—
May 15, 2015
$7,900
Temidayo Fasan
Global Premier Asset Servicing
Quit Claim Deed
related
—
Dec 5, 2014
$600
Global Premier Asset Servicing
Treasurer Of Charter Cnty/wayne M
Quit Claim Deed
related
—
Sep 9, 2014
—
Treasurer Of Wayne County
Owner Name Unavailable
Tax Deed
related
—
Mar 16, 2011
$2,500
Vergil Kelley
Citizens Bk
Grant Deed
—
Mar 26, 2010
—
Citizens Bk
Mortgage Electronic Rgstrtn
Quit Claim Deed
—
Mar 8, 2010
$5,625
Mortgage Electronic Rgstrtn
Deputy Sheriff Of Wayne County
Trustees 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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