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Property profile & analytics
OFF-MARKET
Estimated value
$955,000
Grocery and convenience stores
2910 Venoy Rd, Wayne, MI 48184-1330
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-5277730
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1954
Total area
3,949 SF
Lot
0.38 ac (16,553 SF)
APN
55 001 99 0014 701
UPID
US43-5277730
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
$953k
Blend (final)
Blend
$955k
Owner & transaction history
Charara Dev LLC · 12 yrs held
Charara Dev LLC
since 2013
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$660,000
+110.2%
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 Wayne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wayne 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)
$660,000
Change: +110% · Conversion: Easy
Blend value · Realmo final
$955k
Range $860k – $1.05M · ±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
$242 / 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
$19,751
Tax year 2023
Assessed value
$337,200
Assessed 2024
Previous assessed
$312,800
+7.8% YoY
Effective rate
5.86%
On assessed value
Total market value
$674,400
Applied tax rate
82,160.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1954
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
3,949 SF
Lot
0.38 ac (16,553 SF)
APN
55 001 99 0014 701
UPID
US43-5277730
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)
Est. value
$660,000
COMMERCIAL (GENERAL)
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
1954
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
Charara Dev LLC
Entity
Mailing address
14450 W WARREN AVE, DEARBORN, MI 48126-1366
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2024
—
Charara Development LLC
—
Deed
related
$181,500 · Bpi Management LLC
Jan 25, 2018
—
Charara Dev LLC
—
Deed
related
$181,500 · Bpi Management LLC
Nov 21, 2017
—
Charara Development LLC A Michigan
—
Deed
related
$542,500 · Chemical Bank
Oct 10, 2013
—
Charara Dev LLC
Charara,ali
Quit Claim Deed
related
$300,000 · Venoy Investment Group LLC
Oct 21, 2011
—
Ali Charara
Sharara,hassan
Quit Claim Deed
related
—
Dec 21, 2009
—
Hassan Sharara
Charara Dev LLC
Warranty Deed
—
Oct 13, 2005
$900,000
Charara Dev LLC
Beydoun,kassem & Ghada
Warranty Deed
—
—
—
Charara Dev LLC
—
Deed Of Trust
related
$300,000 · Bpi Management LLC
—
—
Charara Dev LLC
—
Deed Of Trust
related
$953,000 · Fidelity Bank NA
—
—
Ali Charara
—
Deed Of Trust
related
$500,000 · Elham Charara
—
—
Charara Dev LLC
—
Deed Of Trust
related
$181,500 · Bpi Management LLC
—
—
Charara Dev LLC
—
Deed Of Trust
related
$200,000 · Bazco Enterprises 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.
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