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Property profile & analytics
OFF-MARKET
Estimated value
$1,375,000
Outlet malls
3580 Oakwood Blvd, Melvindale, MI 48122-1106
Entity Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-0045111
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2012
Total area
12,480 SF
Lot
2.28 ac (99,317 SF)
Zoning code
R1 1 FA
APN
47 005 99 0009 003
UPID
US43-0045111
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
-
Western Union Bank Credit Union
-
Dollar General Discount Store
-
Dollar General 8603 - (MI) Electronics Vending Machine
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$1.38M
Owner & transaction history
Arc Dgmlvmi001 LLC · 14 yrs held
Arc Dgmlvmi001 LLC
since 2012
6 recorded transactions
Zoning & alternative use
R1 1 FA · Melvindale, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+44.2%
Restaurant
$1.3M
+36.0%
Office building
$1.2M
+27.5%
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 Melvindale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Melvindale 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
$950,000
Current use
COMMERCIAL (GENERAL)
$1,370,000
Change: +44% · Conversion: Easy
RESTAURANT
$1,290,000
Change: +36% · Conversion: Easy
OFFICE BUILDING
$1,210,000
Change: +28% · Conversion: Easy
MEDICAL BUILDING
$1,175,000
Change: +24% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$995,000
Change: +4% · Conversion: Moderate
AUTO REPAIR, GARAGE
$895,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$1.38M
Range $1.24M – $1.51M · ±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
$110 / 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
$47,770
Tax year 2023
Assessed value
$434,500
Assessed 2024
Previous assessed
$528,400
-17.8% YoY
Effective rate
10.99%
On assessed value
Total market value
$869,000
Applied tax rate
82,045.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2012
Heating
FORCED AIR
Stories
1
Total area
12,480 SF
Lot
2.28 ac (99,317 SF)
Zoning code
R1 1 FA
APN
47 005 99 0009 003
UPID
US43-0045111
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
R1 1 FA · Melvindale, MI
Zoning R1 1 FA · permitted uses
R1 1 FA · Melvindale, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Melvindale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$950,000
COMMERCIAL (GENERAL)
Est. value
$1.4M
RESTAURANT
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$995,000
AUTO REPAIR, GARAGE
Est. value
$895,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
2012
Heating
FORCED AIR
Stories
1
Lot
2.28 ac
Current owner
From public records · entity-resolved
Arc Dgmlvmi001 LLC
Entity
Free & Clear · 14 yrs held
Mailing address
11995 EL CAMINO REAL, SAN DIEGO, CA 92130-2539
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2012
$1,430,341
Arc Dgmlvmi001 LLC
Melvindale Dg LLC
Warranty Deed
—
Mar 22, 2012
$195,000
Melvindale Dg LLC
Feerer,april
Warranty Deed
—
Dec 6, 2011
—
Melvindale Dg LLC
—
Trustees Deed
related
$1,077,000 · Sterling Bank
Feb 27, 2009
—
April Feerer
Rice,al
Quit Claim Deed
related
—
Feb 15, 2005
$135,000
Al Rice
Mcdonalds Corp
Grant Deed
—
—
—
April L Feerer
—
Deed Of Trust
related
$352,000 · Atlantic Coast 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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