Individually Owned Property summary
AI-generated overview
Located at 26732 Grand River Avenue, Redford, MI 48240, this renovated 2,524-square-foot building is situated on a 0.09-acre lot and is zoned for commercial use. The property was renovated in 2018 and includes a roof replacement, an air conditioning system, and spray foam insulation for energy efficiency. It has a one-car attached garage and a mixed-use layout with a front commercial space and a rear open-concept apartment. The front area includes a half bathroom and was historically used as a grow operation, while the rear apartment includes a full bathroom and can function for on-site living or rental use. The building is positioned along Grand River Avenue with estimated daily traffic exceeding 24,000 vehicles.
Property profile
Verified
Property type
Live-work space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1945
Construction
BRICK
Total area
2,815 SF
Lot
0.09 ac (3,920 SF)
APN
79 004 01 1083 000
UPID
US43-5263096
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$55k
Owner & transaction history
since 2025
Last sale
$202,000
7 recorded transactions
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 12 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$55k
Value range
$50k – $61k
±10% around blend
Estimated value / SF
$20 / SF
Confidence
High
12 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
100
$50k
blend $55k
$61k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,815 SF
Lot area
0.09 ac
Year built
1945
Stories
1
APN
79 004 01 1083 000
Assessed value
$57,900
Annual tax
$2,951
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$138k
Weighted, 12 comps · high confidence
Evidence
12 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.9 mi away · 2,000 SF
4.6 mi away · 2,375 SF
4.7 mi away · 3,600 SF
4.9 mi away · 3,292 SF
5.5 mi away · 2,670 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$55k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 738 sales
$69
-72%
County 1022 sales
$76
-74%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $20/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 12 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$202k
Move the market yield to see immediate price impact.
Value / SF
$72
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$13k
$255k
$182k
$141k
$14k
$283k
$202k
$157k
$16k
$311k
$222k
$173k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
12 found
High confidence · county-verified
Closest comparable
$285k
1.4 mi · Nov 2025 · $92/SF
Property tax & assessments
Tax year 2019Property tax & assessments
Tax year 2019
Tax billed
$2,951
Tax year 2019
Assessed value
$57,900
Assessed 2024
Previous assessed
$50,200
+15.3% YoY
Effective rate
5.10%
On assessed value
Total market value
$115,800
Applied tax rate
82,110.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Live-work space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1945
Construction
BRICK
Heating
FORCED AIR
Buildings
1
Stories
1
Rooms
4
Bathrooms
1
Total area
2,815 SF
Lot
0.09 ac (3,920 SF)
APN
79 004 01 1083 000
UPID
US43-5263096
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Building & site characteristics
From public records
Year built
1945
Construction
BRICK
Heating
FORCED AIR
Stories
1
Buildings
1
Rooms
4
Bathrooms
1
Lot
0.09 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
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What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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