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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Grocery and convenience stores
297 Glengary Rd, Wolverine Lake, MI 48390-1433
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US43-5232479
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1966
Total area
4,823 SF
Lot
0.5 ac (21,780 SF)
Zoning code
BI
APN
EW-17-22-431-027
UPID
US43-5232479
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
-
Wolverine Lake Party Store (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
ATM Atm
-
Hickory Glen MTB Trail Connector Park
-
Bitcoin Depot | Bitcoin ATM Atm
-
Discount Liquor And Grocery Inc (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$558k
Blend (final)
Blend
$505k
Owner & transaction history
Maa Ambe LLC · 2 yrs held
Maa Ambe LLC
since 2023
Last sale
$479,600
5 recorded transactions
Zoning & alternative use
BI · Wolverine Lake, MI
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 Wolverine Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wolverine Lake 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
$550,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$815,000
Current use
MEDICAL BUILDING
$760,000
Change: -6% · Conversion: Difficult
OFFICE BUILDING
$750,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $480k (Oct 3 2023)
Last sale anchor
$480k
Oct 3 2023
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
$105 / 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
$7,341
Tax year 2023
Assessed value
$187,430
Assessed 2024
Previous assessed
$186,090
+0.7% YoY
Effective rate
3.92%
On assessed value
Total market value
$374,860
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
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1966
Heating
HOT WATER
Buildings
2
Stories
1
Units
1
Total area
4,823 SF
Lot
0.5 ac (21,780 SF)
Zoning code
BI
APN
EW-17-22-431-027
UPID
US43-5232479
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Wolverine Lake, MI
Zoning BI · permitted uses
BI · Wolverine Lake, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wolverine Lake. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$815,000
MEDICAL BUILDING
Est. value
$760,000
OFFICE BUILDING
Est. value
$750,000
RETAIL STORES Current
MEDICAL BUILDING
OFFICE 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
1966
Heating
HOT WATER
Stories
1
Buildings
2
Units
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
Maa Ambe LLC
Entity
Mailing address
297 GLENGARY RD, WOLVERINE LAKE, MI 48390-1433
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2023
$479,600
Maa Ambe LLC
Rai & Toor Investments LLC
Warranty Deed
$812,500 · Us Bank NA
May 25, 2022
$300,000
Rai And Toor Investment LLC
Glengary Investments LLC
Warranty Deed
$400,000 · Choiceone Bank
Mar 5, 2008
—
Glengary Investments LLC
Roumayah,sami & Mary
Quit Claim Deed
related
—
Nov 17, 2006
—
Christopher Roumayah
Suarez,gerald & Margaret
Warranty Deed
related
$360,000 · Washington Mutual Fsb
—
—
Glengary Investments LLC
—
Deed Of Trust
related
$40,835 · Comerica Bank
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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