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Property profile & analytics
FOR SALE
Outlet malls
2805 Van Horn Rd, Trenton, MI 48183
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US43-1167405
For Sale
1 / 24
$1,275,000
2805 Van Horn Rd, Trenton, MI 48183
View Listing →
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1989
Total area
12,524 SF
Lot
18.64 ac (811,958 SF)
Zoning code
R1
APN
54 024 99 0004 001
UPID
US43-1167405
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
$1.27M
Blend (final)
Blend
$1.28M
Owner & transaction history
Richard M Gabri · 6 yrs held
Richard M Gabri
since 2019
6 recorded transactions
Zoning & alternative use
R1 · Trenton, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.5M
+48.1%
Medical building
$1.2M
+14.6%
Office building
$1.1M
+6.8%
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 Trenton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Trenton 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
RETAIL STORES
$1,030,000
Current use
COMMERCIAL (GENERAL)
$1,525,000
Change: +48% · Conversion: Easy
MEDICAL BUILDING
$1,180,000
Change: +15% · Conversion: Difficult
OFFICE BUILDING
$1,100,000
Change: +7% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$995,000
Change: -3% · Conversion: Moderate
RESTAURANT
$965,000
Change: -6% · Conversion: Easy
AUTO REPAIR, GARAGE
$895,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.28M
Range $1.15M – $1.40M · ±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
$102 / 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
$23,573
Tax year 2023
Assessed value
$490,900
Assessed 2024
Previous assessed
$534,700
-8.2% YoY
Effective rate
4.80%
On assessed value
Total market value
$981,800
Applied tax rate
82,155.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Sale
Year built
1989
Heating
FORCED AIR
Stories
1
Total area
12,524 SF
Lot
18.64 ac (811,958 SF)
Zoning code
R1
APN
54 024 99 0004 001
UPID
US43-1167405
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
R1 · Trenton, MI
Zoning R1 · permitted uses
R1 · Trenton, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Trenton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$995,000
RESTAURANT
Est. value
$965,000
AUTO REPAIR, GARAGE
Est. value
$895,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
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
1989
Heating
FORCED AIR
Stories
1
Lot
18.64 ac
Current owner
From public records · entity-resolved
Richard M Gabri
Individual
Mailing address
2805 VAN HORN RD, TRENTON, MI 48183-4153
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Dec 27, 2019
—
Richard M Gabri
—
Deed
related
$128,000 · Public Svc Cu
Dec 23, 2019
—
Richard M Gabri
—
Deed
related
$672,000 · Public Svc Cu
—
—
Richard M Gabri
—
Deed Of Trust
related
$128,000 · Public Svc Cu
—
—
Richard M Gabri
—
Deed Of Trust
related
$672,000 · Public Svc Cu
—
—
Richard Gabri
—
Deed Of Trust
related
$802,829 · Huntington National Bank
—
—
Richard Gabri
—
Deed Of Trust
related
$530,000 · Simeon Services INC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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