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Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Commercial real estate
2740 Fullerton St, Detroit, MI 48238-3491
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-2493703
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1928
Total area
31,448 SF
Lot
0.29 ac (12,632 SF)
Zoning code
R2
APN
10003808.
UPID
US43-2493703
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
$997k
Blend (final)
Blend
$995k
Owner & transaction history
Precipice Investments LLC · 4 yrs held
Precipice Investments LLC
since 2021
Last sale
$25,000
7 recorded transactions
Zoning & alternative use
R2 · Detroit, 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 Detroit submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Detroit 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
$995k
Range $896k – $1.09M · ±10% · vs last sale $25k (Sep 21 2021)
Last sale anchor
$25k
Sep 21 2021
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
$32 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$1,763
Tax year 2020
Assessed value
$7,200
Assessed 2024
Previous assessed
$6,200
+16.1% YoY
Effective rate
24.49%
On assessed value
Total market value
$14,400
Applied tax rate
82,010.0000
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 real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1928
Heating
FORCED AIR
Buildings
1
Stories
4
Total area
31,448 SF
Lot
0.29 ac (12,632 SF)
Zoning code
R2
APN
10003808.
UPID
US43-2493703
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
R2 · Detroit, MI
Zoning R2 · permitted uses
R2 · Detroit, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Detroit. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1928
Heating
FORCED AIR
Stories
4
Buildings
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Precipice Investments LLC
Entity
Free & Clear · 4 yrs held
Mailing address
238381 5TH MILE RD, LIVONIA, MI 48154
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2021
$25,000
Precipice Investments LLC
Eyal Bohadada
Warranty Deed
—
Jul 7, 2021
$650,000
42 Fullerton LLC
Legacy One Investors Group LLC
Warranty Deed
—
Jul 6, 2021
—
Legacy One Investors Group LLC
Precipice Investments LLC
Warranty Deed
—
Mar 23, 2020
—
Precipice Investments LLC
Estell Manor LLC
Quit Claim Deed
related
—
Jul 9, 2018
$29,000
Eyal Bohadana
Global Premier Asset Servicing
Quit Claim Deed
related
—
Nov 3, 2017
—
Estell Manor LLC
Anderson,ropal
Quit Claim Deed
related
—
Oct 11, 2017
—
Ropal Anderson
Global Premier Asset Servicing
Quit Claim Deed
related
—
Jul 16, 2014
$11,100
Global Premier Asset Servicing
Treasurer Of Charter Cnty/wayne M
Quit Claim Deed
related
—
Sep 18, 2013
—
Treasurer Of Wayne County
Owner Name Unavailable
Tax Deed
related
—
Apr 1, 2013
$10,000
Quality Housing LLC
Fullerton St Property LLC
Quit Claim Deed
related
—
May 17, 2012
$45,000
Street Property I Fullerton
Rs Richmond Properties LLC
Quit Claim Deed
related
—
Aug 11, 2010
—
Rs Richmond Properties LLC
Lasalle 2007-mf5 Fullerton Mnr
Grant Deed
—
Jul 2, 2010
$250,000
Lasalle 2007-mf5 Fullerton Mnr
Deputy Sheriff Of Wayne County
Trustees Deed
related
—
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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