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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Grocery and convenience stores
29835 8th Mile Rd Livonia, MI 48152-1862
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US43-0812155
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1957
Construction
CONCRETE BLOCKS
Total area
1,422 SF
Lot
0.36 ac (15,682 SF)
APN
46 005 01 0104 001
UPID
US43-0812155
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
-
Sunoco Gas Station Gas Station
-
BudgetCoinz Bitcoin ATM Money Transfer Service Atm
-
ATM (A & M Petro Services III Inc) Atm
-
Citgo Gas Station
-
A & M Petro Services III Inc Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$530k
Blend (final)
Blend
$540k
Owner & transaction history
F&l Eight Mile LLC · 3 yrs held
F&l Eight Mile LLC
since 2023
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
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 Livonia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Livonia 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
$685,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $550k (Jan 9 2023)
Last sale anchor
$550k
Jan 9 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
$380 / 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
$16,607
Tax year 2023
Assessed value
$306,200
Assessed 2024
Previous assessed
$301,300
+1.6% YoY
Effective rate
5.42%
On assessed value
Total market value
$612,400
Applied tax rate
63,090.0000
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
1957
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Buildings
1
Stories
1
Rooms
3
Bathrooms
2
Total area
1,422 SF
Lot
0.36 ac (15,682 SF)
APN
46 005 01 0104 001
UPID
US43-0812155
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
Building & site characteristics
From public records
Year built
1957
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Stories
1
Buildings
1
Rooms
3
Bathrooms
2
Lot
0.36 ac
Current owner
From public records · entity-resolved
F&l Eight Mile LLC
Entity
Mailing address
29835 8TH MILE RD, LIVONIA, MI 48152-1862
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2023
$550,000
F&l Eight Mile LLC
Om Livonia Realty LLC
Warranty Deed
$1,000,000 · Om Livonia Realty LLC
Jan 6, 2023
$367,500
Om Livonia Realty LLC
Corrigan Oil Co No II
Warranty Deed
$1,000,000 · Om Livonia Realty LLC
Dec 20, 2018
—
Om Livonia Realty LLC
—
Deed
related
—
Nov 6, 2017
$1,235,100
Corrigan Oil Co No II
Deputy Sheriff Of Wayne County|bazzi,ibrahim
Trustees Deed
related
—
May 27, 2009
$40,000
Ibrahim Bazzi
Business Loan Center LLC
Warranty Deed
—
—
—
Om Livonia Realty LLC
—
Deed Of Trust
related
—
—
—
Ibrahim Bazzi
—
Deed Of Trust
related
—
—
—
Ibrahim Bazzi
—
Deed Of Trust
related
$100,000 · Corrigan Oil Co No II
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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