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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Bars & Pubs
28937 Warren Rd, Garden City, MI 48135-2143
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-5249143
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1969
Total area
7,007 SF
Lot
1.04 ac (45,302 SF)
APN
35 009 03 0059 000
UPID
US43-5249143
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
-
Al-Malek Restaurant & Banquet Hall - Garden City, MI Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$654k
Blend (final)
Blend
$600k
Owner & transaction history
Dave & Moe Investments LLC · 2 yrs held
Dave & Moe Investments LLC
since 2024
Last sale
$600,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$770,000
+34.2%
Restaurant
$725,000
+26.5%
Office building
$680,000
+18.6%
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 Garden City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Garden City 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
$600,000
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NIGHTCLUB (COCKTAIL LOUNGE)
$575,000
Current use
COMMERCIAL (GENERAL)
$770,000
Change: +34% · Conversion: Difficult
RESTAURANT
$725,000
Change: +26% · Conversion: Difficult
OFFICE BUILDING
$680,000
Change: +19% · Conversion: Difficult
MEDICAL BUILDING
$660,000
Change: +15% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$560,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $600k (Feb 7 2024)
Last sale anchor
$600k
Feb 7 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
$86 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$10,718
Tax year 2019
Assessed value
$277,400
Assessed 2024
Previous assessed
$260,300
+6.6% YoY
Effective rate
3.86%
On assessed value
Total market value
$554,800
Applied tax rate
82,050.0000
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1969
Heating
FORCED AIR
Stories
1
Total area
7,007 SF
Lot
1.04 ac (45,302 SF)
APN
35 009 03 0059 000
UPID
US43-5249143
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
NIGHTCLUB (COCKTAIL LOUNGE) Current
Est. value
$575,000
COMMERCIAL (GENERAL)
Est. value
$770,000
RESTAURANT
Est. value
$725,000
OFFICE BUILDING
Est. value
$680,000
MEDICAL BUILDING
Est. value
$660,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$560,000
NIGHTCLUB (COCKTAIL LOUNGE) Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1969
Heating
FORCED AIR
Stories
1
Lot
1.04 ac
Current owner
From public records · entity-resolved
Dave & Moe Investments LLC
Entity
Free & Clear · 2 yrs held
Mailing address
7603 REUTER ST, DEARBORN, MI 48126-1127
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2024
$600,000
Dave & Moe Investments LLC
Sara Investments LLC
Warranty Deed
—
Oct 28, 2015
$195,000
Sara Investments LLC
Matar Garden City LLC
Warranty Deed
—
Apr 25, 2012
—
Matar Garden City LLC
Malik Properties LLC
Quit Claim Deed
related
—
Feb 29, 2012
$5,000
Matar Garden City LLC
Bullock Ronald Trust
Warranty Deed
—
Aug 12, 2011
—
Bullock Ronald Trust
Ronald Bullock INC
Quit Claim Deed
related
—
Jun 9, 2011
—
Ronald Bullock INC
Bullock,ronald
Quit Claim Deed
—
May 19, 2011
—
Malik Properties LLC
Pour House INC
Grant Deed
—
May 19, 2011
$450,000
Ronald Bullock
Leather Bottleinn INC
Warranty Deed
—
Apr 25, 2006
—
Matar Garden City LLC
Ronald Bullock INC
Grant Deed
—
Mar 31, 2006
$400,000
Nabil Matar
Ronald Bullock INC
Warranty Deed
—
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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