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Property profile & analytics
OFF-MARKET
Estimated value
$5,905,000
Retail space
23269 Eureka Rd, Taylor, MI 48180-5240
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1145754
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1996
Total area
49,288 SF
Lot
5.05 ac (219,978 SF)
Zoning code
B-2
APN
60 090 01 0565 313
UPID
US43-1145754
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
-
Milestone Roll of Rntal Service Waste Management Facility
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Eureka Investments Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.90M
Blend (final)
Blend
$5.91M
Owner & transaction history
Xia Property Management LLC · 11 yrs held
Xia Property Management LLC
since 2015
7 recorded transactions
Zoning & alternative use
B-2 · Taylor, 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 Taylor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Taylor 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
RETAIL STORES
$5,815,000
Current use
COMMERCIAL (GENERAL)
$5,415,000
Change: -7% · Conversion: Easy
RESTAURANT
$5,105,000
Change: -12% · Conversion: Easy
OFFICE BUILDING
$4,785,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$5.91M
Range $5.31M – $6.50M · ±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
$120 / 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
Assessed value
$1,983,500
Assessed 2024
Previous assessed
$1,875,800
+5.7% YoY
Total market value
$3,967,000
Applied tax rate
82,150.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1996
Heating
FORCED AIR
Stories
1
Total area
49,288 SF
Lot
5.05 ac (219,978 SF)
Zoning code
B-2
APN
60 090 01 0565 313
UPID
US43-1145754
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Taylor, MI
Zoning B-2 · permitted uses
B-2 · Taylor, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Taylor. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$5.8M
COMMERCIAL (GENERAL)
Est. value
$5.4M
RESTAURANT
Est. value
$5.1M
OFFICE BUILDING
Est. value
$4.8M
RETAIL STORES Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE 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
1996
Heating
FORCED AIR
Stories
1
Lot
5.05 ac
Current owner
From public records · entity-resolved
Xia Property Management LLC
Entity
Free & Clear · 11 yrs held
Mailing address
38500 WOODWARD AVE, BLOOMFIELD HILLS, MI 48304-5047
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
May 8, 2015
—
Xia Property Management LLC
23269 Eureka Road Invtrs LLC
Warranty Deed
—
Nov 20, 2013
—
23269 Eureka Road Invtrs LLC
Eureka Investment Group LLC
Quit Claim Deed
related
—
Aug 30, 2013
$600,320
23269 Eureka Road Invtrs LLC
City Of Taylor
Quit Claim Deed
related
$697,000 · Sis Holdings LLC
Mar 22, 2013
—
Treasurer City Of Taylor
Treasurer Of Charter Cnty/wayne M
Quit Claim Deed
related
—
Sep 12, 2012
—
Treasurer Of Wayne County
Owner Name Unavailable
Tax Deed
related
—
Oct 19, 2011
$25,000
Eureka Investment Group LLC
Continental Taylor LLC
Quit Claim Deed
related
—
Oct 1, 2004
$3,000,000
Continental Taylor LLC
Media Play INC
Grant Deed
$10,200,000 · Us Bank NA
—
—
23269 Eureka Road Invtrs LLC
—
Deed Of Trust
related
$3,887,303 · Bc9 LLC
—
—
23269 Eureka Road Invtrs LLC
—
Loan Modification
related
$4,078,974 · Bc9 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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