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Property profile & analytics
OFF-MARKET
Estimated value
$3,990,000
Office buildings
340 Main St, Plymouth, MI 48170-1249
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1282797
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1886
Construction
BRICK
Total area
29,379 SF
Lot
2.13 ac (92,783 SF)
Zoning code
B-3
APN
49-005-01-0362-007
UPID
US43-1282797
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
-
Semper Foods Big Box & Wholesale Store Food Market
-
Ringo & Associates, P.C. Accounting Firm
-
Nanci A. Beard, MA Physician Medical Clinic
-
Amy Assemany PLLC Physician Medical Clinic
-
Assurant Care LLC Home Health Care Service Assisted Living Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.99M
Blend (final)
Blend
$3.99M
Owner & transaction history
Iron Horse Crossing LLC · 4 yrs held
Iron Horse Crossing LLC
since 2022
7 recorded transactions
Zoning & alternative use
B-3 · Plymouth, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.2M
+13.1%
Restaurant
$3.0M
+6.6%
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 Plymouth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Plymouth 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
OFFICE BUILDING
$2,855,000
Current use
COMMERCIAL (GENERAL)
$3,225,000
Change: +13% · Conversion: Easy
RESTAURANT
$3,040,000
Change: +7% · Conversion: Moderate
MEDICAL BUILDING
$2,765,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$3.99M
Range $3.59M – $4.39M · ±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
$136 / 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
$102,593
Tax year 2023
Assessed value
$1,749,300
Assessed 2024
Previous assessed
$1,684,700
+3.8% YoY
Effective rate
5.86%
On assessed value
Total market value
$3,498,600
Applied tax rate
82,100.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1886
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Total area
29,379 SF
Lot
2.13 ac (92,783 SF)
Zoning code
B-3
APN
49-005-01-0362-007
UPID
US43-1282797
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Plymouth, MI
Zoning B-3 · permitted uses
B-3 · Plymouth, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Plymouth. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$3.2M
RESTAURANT
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.8M
OFFICE BUILDING 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
1886
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
3
Lot
2.13 ac
Current owner
From public records · entity-resolved
Iron Horse Crossing LLC
Entity
Free & Clear · 4 yrs held
Mailing address
585 W ANN ARBOR TRL, PLYMOUTH, MI 48170-2499
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
May 19, 2022
—
Iron Horse Crossing LLC
T2 Plymouth Markham I LLC
Deed
—
Nov 1, 2021
$4,000,000
T2 Plymouth Markham I LLC
John Kline
Public Action
related
—
May 10, 2017
—
Dirtfarmers LLC
Sheriff Of Wayne County
Grant Deed
related
—
May 9, 2017
—
Dirtfarmers LLC
Markham Place LLC
Quit Claim Deed
$3,250,000 · T2 Plymouth Markham I LLC
Dec 19, 2016
$2,209,773
Bank Of Ann Arbor
Deputy Sheriff Of Wayne County|markham Place LLC
Trustees Deed
related
—
Dec 9, 2016
$91,241
Bank Of Ann Arbor
Deputy Sheriff Of Wayne County|markham Place LLC
Trustees Deed
related
—
Mar 25, 2014
—
Markham Place LLC
Thomas,john E & Virginia R
Warranty Deed
$2,100,000 · Bank Of Ann Arbor
Sep 12, 2008
—
John E Thomas
—
Trustees Deed
related
$300,000 · National City 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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