Individually Owned Property summary
This exceptional investment opportunity presents a fee-simple ownership of a 1,921 square foot freestanding Citizens Bank branch located at 28999 Five Mile Rd, Livonia, MI 48154. The property sits on a 0.68-acre lot and boasts a drive-thru, catering to a densely populated area with over 286,000 residents within close proximity. The bank benefits from high traffic volume, exceeding $100 million in deposits. The property is currently under a triple-net (NNN) lease, absolving the owner of all… landlord responsibilities. The lease, originally commenced on June 29, 2006, has a remaining term of approximately 1.6 years, followed by three 5-year renewal options. The lease includes annual rent increases of 1.5%. Built in 1976, this property offers a strong cap rate of 5.51% with a current NOI of $46,818 and an asking price of $850,000 ($442.48 per square foot). The property's strategic location benefits from high visibility and significant traffic volume, exceeding 60,000 vehicles per day on nearby Middlebelt and Five Mile Roads. Nearby businesses include McDonald's, Taco Bell, Little Caesars, Westborn Market, and many other national and local retailers. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with a credit-rated corporate guarantor.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records and 22 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 1,921 SF
- Lot area
- 0.68 ac
- Year built
- 1976
- Stories
- 1
- APN
- 46 094 01 0263 000
- Assessed value · 2024
- $154,000
- Annual tax · 2023
- $9,037
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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