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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
32640 Utica Rd Fraser, MI 48026-3833
Entity Owned
5-yr Hold
Free & Clear
Property ID
US43-0817653
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1960
Total area
3,600 SF
Lot
0.41 ac (17,860 SF)
Zoning code
CN
APN
03-14-06-229-004
UPID
US43-0817653
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
-
ATM Atm
-
Sal's Liquor (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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Hannosh Investment LLC · 5 yrs held
Hannosh Investment LLC
since 2021
Last sale
$475,000
7 recorded transactions
Zoning & alternative use
CN · Fraser, 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 Fraser submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fraser 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,821
Tax year 2022
Assessed value
$136,400
Assessed 2023
Previous assessed
$123,700
+10.3% YoY
Effective rate
5.73%
On assessed value
Total market value
$272,800
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
1960
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
3,600 SF
Lot
0.41 ac (17,860 SF)
Zoning code
CN
APN
03-14-06-229-004
UPID
US43-0817653
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
CN · Fraser, MI
Zoning CN · permitted uses
CN · Fraser, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fraser. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1960
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Hannosh Investment LLC
Entity
Free & Clear · 5 yrs held
Mailing address
32640 UTICA RD, FRASER, MI 48026-3833
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Mar 24, 2021
$400,000
Hannosh Investment LLC
Daniel Joseph Thomas
Warranty Deed
—
Mar 24, 2021
$475,000
Utica Road Property LLC
Hannosh Investment LLC
Warranty Deed
—
Dec 8, 2020
—
Utica Road Property LLC
—
Deed
related
$403,500 · Ready Capital Corp
Dec 1, 2014
—
Daniel J Thomas
Thomas,daniel J
Quit Claim Deed
related
—
Dec 20, 2010
—
Hannosh Investment LLC
Thomas,daniel J & Rebecca
Grant Deed
—
Sep 30, 2008
—
Daniel J Thomas
Bashir Brothers INC
Grant Deed
related
—
Dec 19, 2005
—
Bashir Brothers INC
Nasouri,ibtesan B
Quit Claim Deed
related
—
May 27, 2005
$205,312
Fifth Third Bank
Sheriff Of Macomb County
Trustees 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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