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Property profile & analytics
OFF-MARKET
Estimated value
$1,625,000
Grocery and convenience stores
268 Highland Rd Highland, MI 48357-4504
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US43-0064274
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2004
Total area
4,450 SF
Lot
1.24 ac (54,014 SF)
Zoning code
BI
APN
H -11-21-426-009
UPID
US43-0064274
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
$1.17M
Blend (final)
Blend
$1.63M
Owner & transaction history
Route 59 Investment LLC · 3 yrs held
Route 59 Investment LLC
since 2022
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
BI · Highland, 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 Highland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Highland 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
Blend value · Realmo final
$1.63M
Range $1.46M – $1.79M · ±10% · vs last sale $2.25M (Dec 9 2022)
Last sale anchor
$2.25M
Dec 9 2022
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
$365 / 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
$29,366
Tax year 2023
Assessed value
$548,070
Assessed 2024
Previous assessed
$580,370
-5.6% YoY
Effective rate
5.36%
On assessed value
Total market value
$1,096,140
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2004
Heating
YES
Stories
1
Units
1
Total area
4,450 SF
Lot
1.24 ac (54,014 SF)
Zoning code
BI
APN
H -11-21-426-009
UPID
US43-0064274
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Highland, MIZoning BI · permitted uses
BI · Highland, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2004
Heating
YES
Stories
1
Units
1
Lot
1.24 ac
Current owner
From public records · entity-resolved
Route 59 Investment LLC
Entity
Mailing address
268 W HIGHLAND RD, HIGHLAND, MI 48357-4504
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2022
$2,250,000
Route 59 Investment LLC
Hilltop Adventures LLC
Warranty Deed
$2,025,000 · Credit Union One
Feb 16, 2021
—
Hilltop Adventures LLC
—
Deed
related
$835,000 · Community Choice Cu
May 3, 2018
—
Hilltop Adventures LLC
—
Deed
related
$900,000 · First National Bank In Howell
Jul 11, 2014
—
Hilltop Adventures LLC
M59 & Milford Rd Mobil LLC
Warranty Deed
$773,500 · Community Choice Cu
Feb 28, 2007
$1,325,000
M59 & Milford Rd Mobil LLC
Ad Becker LLC
Warranty Deed
—
Dec 13, 2004
—
Ad Becker LLC
R & D Land LLC
Warranty Deed
related
—
Sep 20, 2004
—
R D Land
Mcpherson Oil
Grant Deed
related
—
Sep 17, 2004
$50,000
Ad Becker LLC
R & D Land LLC
Warranty Deed
—
Sep 14, 2004
$195,000
R & D Land LLC
Auto City Clark INC
Warranty Deed
—
Apr 14, 2004
—
R & D Land LLC
Auto City Clark INC
Grant Deed
related
—
—
—
M59 & Milford Rd Mobil LLC
—
Deed Of Trust
related
$1,325,000 · Mcpherson Investment 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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