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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Strip malls
35253 Warren Rd, Westland, MI 48185-2013
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0408662
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1965
Total area
7,888 SF
Lot
1.02 ac (44,431 SF)
APN
56 034 01 0016 303
UPID
US43-0408662
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
-
immigration services of Michigan Corporate Office
-
Bank of America ATM Atm Financial Consultant
-
NooJoom Law Firm
-
WAYNE-WESTLAND TAX SERVICE Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$853k
Blend (final)
Blend
$855k
Owner & transaction history
Kim Brothers Investment LLC · 3 yrs held
Kim Brothers Investment LLC
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+67.2%
Auto repair, garage
$865,000
+38.0%
Retail stores
$845,000
+34.9%
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 Westland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westland 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
NEIGHBORHOOD: SHOPPING CENTER
$630,000
Current use
OFFICE BUILDING
$1,050,000
Change: +67% · Conversion: Moderate
AUTO REPAIR, GARAGE
$865,000
Change: +38% · Conversion: Difficult
RETAIL STORES
$845,000
Change: +35% · Conversion: Easy
MEDICAL BUILDING
$765,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$855k
Range $770k – $941k · ±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
$108 / 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
$35,247
Tax year 2023
Assessed value
$569,500
Assessed 2024
Previous assessed
$526,300
+8.2% YoY
Effective rate
6.19%
On assessed value
Total market value
$1,139,000
Applied tax rate
82,160.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1965
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Total area
7,888 SF
Lot
1.02 ac (44,431 SF)
APN
56 034 01 0016 303
UPID
US43-0408662
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
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$630,000
OFFICE BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$865,000
RETAIL STORES
Est. value
$845,000
MEDICAL BUILDING
Est. value
$765,000
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1965
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
1.02 ac
Current owner
From public records · entity-resolved
Kim Brothers Investment LLC
Entity
Mailing address
5200 HAWKSEYE TRCE, WARREN, MI 48092-6329
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2023
—
Kim Brothers Investment LLC
35239 Warren Road Retail Center LLC
Deed
—
Jan 3, 2020
—
35239 Warren Road Retail Ctr L
—
Deed
related
$382,000 · Level One Bk
Jan 18, 2012
$800,000
35239 Warren Road Retail Cente
Westland Retail Management LLC
Quit Claim Deed
related
$650,000 · Tcf National Bank
Jul 7, 2009
—
Westland Retail Management LLC
—
Deed Of Trust
related
$1,477,500 · Tcf National Bank
Nov 16, 2007
—
Westland Retail Management LLC
—
Trustees Deed
related
$1,477,500 · Tcf National Bank
Nov 12, 2007
—
Westland Retail Management LLC
Park,john C & Tina
Quit Claim Deed
related
—
Jun 26, 2006
—
John C Park
Park,jun S & Yeon H
Quit Claim Deed
$438,750 · Comerica Bank
Jun 26, 2006
$237,000
John C W Park
Wagner,eugene R & Joyce L
Warranty Deed
—
—
—
35239 Warren Road Retail Ctr L
—
Loan Modification
related
$382,000 · Level One Bk
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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