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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Retail space
30212 John R Rd, Madison Heights, MI 48071-5205
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US43-0290470
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1991
Total area
6,222 SF
Lot
0.35 ac (15,246 SF)
Zoning code
B-1 LOC
APN
44-25-12-151-004
UPID
US43-0290470
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
-
C K Gift Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$777k
Blend (final)
Blend
$705k
Owner & transaction history
Rabah Kirma · 18 yrs held
Rabah Kirma
since 2007
7 recorded transactions
Zoning & alternative use
B-1 LOC · Madison Heights, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+4.4%
Restaurant
$1.1M
+2.6%
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 Madison Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madison Heights 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
RETAIL STORES
$1,050,000
Current use
COMMERCIAL (GENERAL)
$1,095,000
Change: +4% · Conversion: Easy
RESTAURANT
$1,075,000
Change: +3% · Conversion: Easy
MEDICAL BUILDING
$980,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$705k
Range $635k – $776k · ±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
$113 / 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
$14,110
Tax year 2023
Assessed value
$261,030
Assessed 2024
Previous assessed
$259,200
+0.7% YoY
Effective rate
5.41%
On assessed value
Total market value
$522,060
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1991
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
6,222 SF
Lot
0.35 ac (15,246 SF)
Zoning code
B-1 LOC
APN
44-25-12-151-004
UPID
US43-0290470
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B-1 LOC · Madison Heights, MI
Zoning B-1 LOC · permitted uses
B-1 LOC · Madison Heights, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Madison Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
RESTAURANT
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$980,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL 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
1991
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Rabah Kirma
Individual
Mailing address
30212 JOHN R RD, MADISON HEIGHTS, MI 48071-5205
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
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
Apr 27, 2026
—
Kirma Rabah
—
Deed
related
$5,122,311 · Tri-county Bank
Aug 1, 2022
—
Kirma Rabah
—
Deed
related
$1,267,136 · Tri County Bank
Dec 7, 2007
—
Rabah Kirma
Kirma,hanna
Quit Claim Deed
related
$150,000 · Comerica Bank
Aug 17, 2001
$425,000
Hanna Kirma
Challangoe,bassam & Reem B
Grant Deed
—
May 25, 2001
—
Bassam Challangoe
Hindo,amera
Quit Claim Deed
related
—
Apr 10, 2001
$21,195
Bassam Challangoe
Hindo,amera
Trustees Deed
—
Apr 10, 2001
$11,408
Bassam Challangoe
Hindo,amera
Trustees Deed
—
Apr 10, 2001
$400,307
Bassam Challangoe
Hindo,amera
Trustees Deed
—
Nov 8, 1999
$375,000
Amera Hindo
Challangoe,bassam & Rem
Grant Deed
$368,000 · Peoples State Bank
—
—
Amera Hindo
—
Deed Of Trust
related
$20,000 · Peoples State Bank
—
—
Rabah Kirma
—
Deed Of Trust
related
$400,000 · Comerica Bank
—
—
Amera Hindo
—
Deed Of Trust
related
$15,589 · Peoples State 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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