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Property profile & analytics
OFF-MARKET
Estimated value
$960,000
Strip malls
24710 Eureka Rd Taylor, MI 48180-5158
Entity Owned
9-yr Hold
Free & Clear
Property ID
US43-1621349
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1973
Total area
11,720 SF
Lot
1.24 ac (54,014 SF)
Zoning code
B-2
APN
60 076 99 0004 001
UPID
US43-1621349
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
-
Pro Body Works Spa Asian Massage Alternative Medicine Practice Spa & Massage Center
-
Pro Bodyworks Asian Massage (Aroma Therapy) Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$962k
Blend (final)
Blend
$960k
Owner & transaction history
Grace Real Estate LLC · 9 yrs held
Grace Real Estate LLC
since 2016
6 recorded transactions
Zoning & alternative use
B-2 · Taylor, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.4M
+48.3%
Commercial (general)
$1.3M
+38.0%
Restaurant
$1.2M
+30.1%
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
NEIGHBORHOOD: SHOPPING CENTER
$935,000
Current use
RETAIL STORES
$1,385,000
Change: +48% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,285,000
Change: +38% · Conversion: Easy
RESTAURANT
$1,215,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$1,140,000
Change: +22% · Conversion: Moderate
MEDICAL BUILDING
$1,105,000
Change: +18% · Conversion: Difficult
AUTO REPAIR, GARAGE
$840,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$960k
Range $864k – $1.06M · ±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
$82 / 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
$414,100
Assessed 2024
Previous assessed
$380,700
+8.8% YoY
Total market value
$828,200
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1973
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
11,720 SF
Lot
1.24 ac (54,014 SF)
Zoning code
B-2
APN
60 076 99 0004 001
UPID
US43-1621349
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$935,000
RETAIL STORES
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.3M
RESTAURANT
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$840,000
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1973
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
1.24 ac
Current owner
From public records · entity-resolved
Grace Real Estate LLC
Entity
Free & Clear · 9 yrs held
Mailing address
PO BOX 70918, ROCHESTER, MI 48307-0017
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2016
$640,000
Grace Real Estate LLC
Select Commercial Assets LLC
Warranty Deed
—
Aug 18, 2014
—
Select Commercial Assets LLC
Zora,khalid I & Ban
Quit Claim Deed
related
—
Jun 11, 2014
$691,096
Select Commercial Assets LLC
Deputy Sheriff Of Wayne County
Trustees Deed
related
—
—
—
Khalid Zora
—
Deed Of Trust
related
—
—
—
Khalid I Zora
—
Deed Of Trust
related
$35,000 · Warren Bank
—
—
Khalid I Zora
—
Deed Of Trust
related
$85,000 · Warren Bank
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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