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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Bars & Pubs
29709 Michigan Ave, Inkster, MI 48141-2044
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-0989205
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1947
Total area
7,399 SF
Lot
1.84 ac (80,150 SF)
APN
44 012 99 0014 701
UPID
US43-0989205
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
-
Flight Club Nightclub Bar & Pub
-
ATM Atm Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$879k
Blend (final)
Blend
$880k
Owner & transaction history
Rci Holdings INC · 1 yrs held
Rci Holdings INC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$815,000
+34.2%
Restaurant
$765,000
+26.5%
Office building
$720,000
+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 Inkster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Inkster 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
NIGHTCLUB (COCKTAIL LOUNGE)
$605,000
Current use
COMMERCIAL (GENERAL)
$815,000
Change: +34% · Conversion: Difficult
RESTAURANT
$765,000
Change: +26% · Conversion: Difficult
OFFICE BUILDING
$720,000
Change: +19% · Conversion: Difficult
MEDICAL BUILDING
$695,000
Change: +15% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$590,000
Change: -3% · Conversion: Difficult
RETAIL STORES
$565,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$880k
Range $792k – $968k · ±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
$119 / 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
$45,039
Tax year 2019
Assessed value
$566,000
Assessed 2024
Previous assessed
$544,600
+3.9% YoY
Effective rate
7.96%
On assessed value
Total market value
$1,132,000
Applied tax rate
82,131.0000
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
1947
Heating
FORCED AIR
Stories
1
Total area
7,399 SF
Lot
1.84 ac (80,150 SF)
APN
44 012 99 0014 701
UPID
US43-0989205
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
$605,000
COMMERCIAL (GENERAL)
Est. value
$815,000
RESTAURANT
Est. value
$765,000
OFFICE BUILDING
Est. value
$720,000
MEDICAL BUILDING
Est. value
$695,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$590,000
RETAIL STORES
Est. value
$565,000
NIGHTCLUB (COCKTAIL LOUNGE) Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1947
Heating
FORCED AIR
Stories
1
Lot
1.84 ac
Current owner
From public records · entity-resolved
Rci Holdings INC
Entity
Mailing address
29709 MICHIGAN AVE, INKSTER, MI 48141-2044
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2025
—
Rci Holdings INC
Mustang Properties INC
Deed
—
Feb 7, 2019
—
Mustang Properties INC
—
Deed
related
$3,237,500 · First Bank & Trust Co Of Illinois
Jan 11, 2017
—
Mustang Properties INC
—
Grant Deed
related
$1,007,500 · First Bk&tr/il
Jul 30, 2012
$275,000
Mustang Properties INC
S & F Ents INC
Warranty Deed
—
Feb 4, 2005
—
S & F Ents INC
Greenawalt Elsie C Trust
Warranty Deed
—
—
—
Mustang Properties INC
—
Deed Of Trust
related
—
—
—
Mustang Properties INC
—
Deed Of Trust
related
$1,007,500 · Private Individual
—
—
Mustang Properties INC
—
Deed Of Trust
related
$1,630,000 · Macomb Community Bank
—
—
Mustang Properties INC
—
Deed Of Trust
related
$1,000,000 · Oakland Commerce 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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