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Property profile & analytics
FOR SALE
Grocery and convenience stores
37750 26 Mile Rd New Baltimore, MI 48047
Entity Owned
2-yr Hold
Free & Clear
Property ID
US43-1765833
For Sale
1 / 5
Contact for pricing
37750 26 Mile Rd, New Baltimore, MI 48047
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1979
Total area
2,392 SF
Lot
1.35 ac (58,675 SF)
Zoning code
C3 GEN
APN
15-09-01-200-038
UPID
US43-1765833
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
-
SpeedyQ Markets Grocery & Convenience Store
-
Speedy Q Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$733k
Blend (final)
Blend
$735k
Owner & transaction history
Project Pure Owner LLC · 2 yrs held
Project Pure Owner LLC
since 2024
5 recorded transactions
Zoning & alternative use
C3 GEN · Chesterfield, 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 New Baltimore submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Baltimore 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
Blend value · Realmo final
$735k
Range $662k – $809k · ±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
$307 / 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
$7,497
Tax year 2022
Assessed value
$211,600
Assessed 2023
Previous assessed
$211,600
+0.0% YoY
Effective rate
3.54%
On assessed value
Total market value
$423,200
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
For Sale
Year built
1979
Heating
FORCED AIR
Stories
1
Total area
2,392 SF
Lot
1.35 ac (58,675 SF)
Zoning code
C3 GEN
APN
15-09-01-200-038
UPID
US43-1765833
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
C3 GEN · Chesterfield, MIZoning C3 GEN · permitted uses
C3 GEN · Chesterfield, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1979
Heating
FORCED AIR
Stories
1
Lot
1.35 ac
Current owner
From public records · entity-resolved
Project Pure Owner LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2855 WADHAMS RD, KIMBALL, MI 48074-1433
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2024
—
Project Pure Owner LLC
Wadhams Development Company Lc
Deed
—
Dec 27, 2021
—
Wadhams Development Company LLC
—
Deed
related
$31,500,000 · Citizens Bank NA
Jun 19, 2009
—
Wadhams Dev Co LLC
—
Deed Of Trust
related
$7,301,000 · Cf Bancorp
Oct 2, 2007
—
Wadhams Dev Co Lc
—
Deed Of Trust
related
$7,200,000 · Citizens First Savings Bank
—
—
Wadhams Dev Co Lc
—
Deed Of Trust
related
$17,540,000 · Citizens 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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