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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Turn key restaurants
32187 Van Dyke Ave, Warren, MI 48093-1096
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US43-1701342
Property summary
AI-generated overview
This 1,985 square foot vacant restaurant building in Warren, Michigan is ideally situated on Van Dyke Avenue, boasting over 100 feet of frontage. Its prime location ensures excellent visibility and accessibility for both vehicles and pedestrians. The property offers ample parking for up to 25 vehicles, a significant advantage in this high-traffic area. Its strategic position near major businesses, including the GM Tech Center, Menards, Gordon Foods, Walmart, various hotels, and multiple car dealerships, guarantees consistent foot traffic and high visibility. The building's proximity to these well-established businesses contributes to its desirability and potential for strong returns. This freestanding building presents a unique opportunity for a restaurant or similar retail business seeking a high-profile location with excellent visibility and ample parking. The asking price is $849,900, with a price per square foot of $428.16. The property includes a drive-thru. The address is 32187 Van Dyke Ave, Warren, MI 48093.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1978
Total area
1,985 SF
Lot
0.4 ac (17,511 SF)
Zoning code
M-1
APN
12-13-04-276-003
UPID
US43-1701342
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
by Request
Blend (final)
Blend
$575k
Owner & transaction history
Ex Wifes Warren LLC · 3 yrs held
Ex Wifes Warren LLC
since 2023
Last sale
$570,000
4 recorded transactions
Zoning & alternative use
M-1 · Warren, 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 Warren submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Warren 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)
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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
$590,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$575k
Range $518k – $633k · ±10% · vs last sale $570k (Feb 28 2023)
Last sale anchor
$570k
Feb 28 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
$290 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$10,546
Tax year 2022
Assessed value
$167,200
Assessed 2023
Previous assessed
$167,200
+0.0% YoY
Effective rate
6.31%
On assessed value
Total market value
$334,400
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1978
Heating
FORCED AIR
Stories
1
Total area
1,985 SF
Lot
0.4 ac (17,511 SF)
Zoning code
M-1
APN
12-13-04-276-003
UPID
US43-1701342
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
M-1 · Warren, MI
Zoning M-1 · permitted uses
M-1 · Warren, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Warren. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1978
Heating
FORCED AIR
Stories
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Ex Wifes Warren LLC
Entity
Mailing address
23600 MICHIGAN AVE, DEARBORN, MI 48124-1910
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2023
—
Ex Wifes Warren LLC
Allie T Mallad
Quit Claim Deed
related
$835,000 · Astera Cu
Feb 24, 2023
$570,000
Allie T Mallad
Trpko Srbinovich
Warranty Deed
—
May 18, 2022
—
Allie T Mallad
Trpko Srbinovich
Land Contract
—
Mar 17, 2015
—
Trpko Srbinovich
Srbinovich Kosta
Quit Claim Deed
related
—
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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