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Property profile & analytics
OFF-MARKET
Retail properties & Spaces
28200 Sumpter Rd, New Boston, MI 48164-9314
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-5191259
Property profile
Verified
Property type
Retail properties & Spaces
Use group
NURSERY, GREENHOUSE, FLORIST
Year built
1999
Total area
16,600 SF
Lot
10.01 ac (436,036 SF)
APN
81 129 99 0004 000
UPID
US43-5191259
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Emerald Green Gardening LLC · 4 yrs held
Emerald Green Gardening LLC
since 2021
Last sale
$300,000
7 recorded transactions
Zoning & alternative use
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 New Boston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Boston 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,008
Tax year 2023
Assessed value
$169,600
Assessed 2024
Previous assessed
$162,000
+4.7% YoY
Effective rate
4.72%
On assessed value
Total market value
$339,200
Applied tax rate
58,020.0000
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
Retail properties & Spaces
Use group
NURSERY, GREENHOUSE, FLORIST
Status
Off-Market
Year built
1999
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
16,600 SF
Lot
10.01 ac (436,036 SF)
APN
81 129 99 0004 000
UPID
US43-5191259
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
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
1999
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
10.01 ac
Current owner
From public records · entity-resolved
Emerald Green Gardening LLC
Entity
Free & Clear · 4 yrs held
Mailing address
6430 N MARTHA ST, DEARBORN HEIGHTS, MI 48127-2328
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2021
$300,000
Emerald Green Gardening LLC
Affordable On Time Real Estate LLC
Warranty Deed
—
Jun 22, 2021
$285,000
Affordable On Time Real Estate LLC
Happy Gardening LLC
Warranty Deed
—
Jan 22, 2015
—
Legacy Management Group LLC|happy Gardening LLC
Happy Gardening LLC
Quit Claim Deed
—
Jun 9, 2014
$169,900
Happy Gardening LLC
Ghazala,saffa & Fausta
Warranty Deed
—
Jun 25, 2013
—
Happy Gardening LLC
Ghazala,saffa & Fausta
Quit Claim Deed
—
Feb 3, 2012
$50,000
Ghazala,saffa
Monroe Bk & Trust
Grant Deed
—
Jul 2, 2009
$316,164
Monroe Bank & Trust
Deputy Sheriff Of Wayne County
Trustees Deed
related
—
—
—
Daniel Sander
—
Deed Of Trust
related
$238,500 · Monroe Bank & Trust
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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