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Property profile & analytics
FOR SALE
Commercial real estate
28663 Plymouth Rd Livonia, MI 48150
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-0779126
For Sale
1 / 6
$750,000
28663 Plymouth Rd, Livonia, MI 48150
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1955
Construction
CONCRETE BLOCKS
Total area
6,225 SF
Lot
0.51 ac (22,216 SF)
APN
46 142 99 0008 000
UPID
US43-0779126
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
Current use
Occupant on record · Public records
-
The Glam Shoppe Clothing & Fashion Store
-
AAA Insurance-Alaradi Insurance Agency Insurance Agency
-
Her Place Salon Hair Salon Nail Salon
-
“Kellcutit Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$709k
Blend (final)
Blend
$530k
Owner & transaction history
Trademark 28663 Plymouth Road LLC · 2 yrs held
Trademark 28663 Plymouth Road LLC
since 2024
Last sale
$50,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$880,000
+38.6%
Restaurant
$645,000
+1.4%
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 Livonia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Livonia 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
COMMERCIAL (GENERAL)
$635,000
Current use
OFFICE BUILDING
$880,000
Change: +39% · Conversion: Easy
RESTAURANT
$645,000
Change: +1% · Conversion: Difficult
MEDICAL BUILDING
$585,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $50k (Jun 10 2024)
Last sale anchor
$50k
Jun 10 2024
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
$85 / 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
$13,226
Tax year 2023
Assessed value
$292,200
Assessed 2024
Previous assessed
$280,800
+4.1% YoY
Effective rate
4.53%
On assessed value
Total market value
$584,400
Applied tax rate
82,095.0000
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
For Sale
Year built
1955
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Stories
1
Rooms
14
Bathrooms
7
Total area
6,225 SF
Lot
0.51 ac (22,216 SF)
APN
46 142 99 0008 000
UPID
US43-0779126
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$635,000
OFFICE BUILDING
Est. value
$880,000
RESTAURANT
Est. value
$645,000
MEDICAL BUILDING
Est. value
$585,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RESTAURANT
MEDICAL BUILDING
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
1955
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Stories
1
Rooms
14
Bathrooms
7
Lot
0.51 ac
Current owner
From public records · entity-resolved
Trademark 28663 Plymouth Road LLC
Entity
Free & Clear · 2 yrs held
Mailing address
5119 PARK PL DR, ALLEN PARK, MI 48101
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2024
—
Trademark 28663 Plymouth Road LLC
Anthony Mccormick
Quit Claim Deed
related
—
Sep 1, 2015
$50,000
Anthony Mccormick
Brook Property Holding LLC
Warranty Deed
—
Apr 16, 2010
$85,000
Brook Property Holding LLC
Shultz Ann
Warranty Deed
—
Apr 6, 2010
—
Soble Allen R Living Trust
Soble,shelda & Melinda J
Quit Claim 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.
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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