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Property profile & analytics
OFF-MARKET
Estimated value
$3,400,000
Retail space
261 Maple Rd, Birmingham, MI 48009-6324
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0431460
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1968
Total area
12,388 SF
Lot
0.15 ac (6,534 SF)
Zoning code
BI
APN
08-19-25-456-035
UPID
US43-0431460
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
$3.40M
CAP Approach
CAP
$2.05M
Comparable Approach
Comparable
$3.25M
Blend (final)
Blend
$3.40M
Owner & transaction history
Ayiar Properties LLC · 2 yrs held
Ayiar Properties LLC
since 2024
Last sale
$3.4M
6 recorded transactions
Zoning & alternative use
BI · Birmingham, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.2M
+4.4%
Restaurant
$2.1M
+2.6%
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 Birmingham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Birmingham 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
$3,400,000
ML approach
$3,400,000
CAP Approach
CAP Return
Estimation
6%
$2,220,000
6.5%
$2,050,000
7%
$1,905,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,090,000
Current use
COMMERCIAL (GENERAL)
$2,180,000
Change: +4% · Conversion: Easy
RESTAURANT
$2,145,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$3.40M
Range $3.06M – $3.74M · ±10% · vs last sale $3.40M (Mar 18 2024)
Last sale anchor
$3.40M
Mar 18 2024
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
$274 / 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
$36,815
Tax year 2023
Assessed value
$1,235,960
Assessed 2024
Previous assessed
$1,172,130
+5.4% YoY
Effective rate
2.98%
On assessed value
Total market value
$2,471,920
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
1968
Heating
YES
Buildings
4
Stories
1
Units
1
Total area
12,388 SF
Lot
0.15 ac (6,534 SF)
Zoning code
BI
APN
08-19-25-456-035
UPID
US43-0431460
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Birmingham, MI
Zoning BI · permitted uses
BI · Birmingham, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Birmingham. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$2.2M
RESTAURANT
Est. value
$2.1M
RETAIL STORES Current
COMMERCIAL (GENERAL)
RESTAURANT
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
1968
Heating
YES
Stories
1
Buildings
4
Units
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Ayiar Properties LLC
Entity
Mailing address
7186 WOODLORE DR, WEST BLOOMFIELD, MI 48323-1386
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Mar 18, 2024
$3,400,000
Ayiar Properties LLC
Tri Power Properties LLC
Warranty Deed
$2,755,250 · Tri County Bank
Jan 6, 2020
—
Tri-power Properties LLC
—
Deed
related
$1,788,571 · Independent Bk
Sep 18, 1998
—
Ventana Ventures
Tri-power Properties LLC
Grant Deed
related
—
—
—
Tri-power Properties LLC
—
Loan Modification
related
$1,788,571 · Independent Bk
—
—
Tri-power Properties LLC
—
Deed Of Trust
related
$559,180 · Warren Bank
—
—
Tri-power Properties LLC
—
Deed Of Trust
related
$5,400,000 · 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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