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Property profile & analytics
OFF-MARKET
Commercial land
24 Myrtle St, River Rouge, MI 48218-1340
Individually Owned
Free & Clear
Property ID
US43-4178627
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1938
Lot
0.16 ac (6,970 SF)
Zoning code
B2 GEN
APN
50 007 08 0013 000
UPID
US43-4178627
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
Francisco Gonzalez Vargas
Francisco Gonzalez Vargas
since 2025
7 recorded transactions
Zoning & alternative use
B2 GEN · 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
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 land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1938
Heating
NONE
Stories
1
Lot
0.16 ac (6,970 SF)
Zoning code
B2 GEN
APN
50 007 08 0013 000
UPID
US43-4178627
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
B2 GEN · River Rouge, MI
Zoning B2 GEN · permitted uses
B2 GEN · 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
1938
Heating
NONE
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Francisco Gonzalez Vargas
Individual
Free & Clear · 0 yrs held
Mailing address
10600 W JEFFERSON AVE, RIVER ROUGE, MI 48218-1296
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2025
—
Francisco Gonzalez Vargas
The City Of River Rouge
Deed
related
—
Sep 15, 2025
—
The City Of River Rouge
Wayne Metropolitan Community Action
Quitclaim Deed
related
—
Apr 5, 2019
—
Wayne Metro Cmnty Action Agcy
—
Deed
related
$25,000 · Michigan H/o Assistance
Sep 30, 2016
—
City Of River Rouge
City Of River Rouge
Quit Claim Deed
related
—
Sep 1, 2016
$18,584
Treasurer City Of River Rouge
Treasurer Of Charter Cnty/wayne M
Quit Claim Deed
related
—
Sep 1, 2016
—
Treasurer Of Wayne County
Owner Name Unavailable
Tax Deed
related
—
Nov 30, 2012
$500
Thess Co
Treasurer Of Charter Cnty/wayne M
Quit Claim Deed
related
—
Sep 13, 2012
—
Treasurer Of Wayne County
Owner Name Unavailable
Tax Deed
related
—
Dec 18, 2009
—
Crn Management LLC
Cacok,harry & Geneva
Quit Claim Deed
related
—
Sep 10, 2009
—
Harry Cacok
Crn Management LLC
Quit Claim Deed
related
—
Jun 17, 2009
—
Lasalle Bk Gsamp Trust 2006-he3 Tr
Mortgage Electronic Registrati
Quit Claim Deed
—
Nov 16, 2007
$74,625
Mortgage Electronic Registrati
Deputy Sheriff Of Wayne County
Trustees Deed
related
—
Mar 28, 2006
$103,000
Steve Mullins
Lafayette Olympic Lodge #1 Knights
Warranty Deed
—
—
—
Wayne Metro Cmnty Action Agcy
—
Deed Of Trust
related
$25,000 · Michigan H/o Assistance
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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