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Property profile & analytics
OFF-MARKET
Turn key restaurants
3851 Alpine NW Ave Comstock Park, MI 49321-8367
Entity Owned
13-yr Hold
Free & Clear
Property ID
US43-0507809
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1994
Total area
5,744 SF
Lot
1.76 ac (76,666 SF)
Zoning code
C-2
APN
41-09-35-426-029
UPID
US43-0507809
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
-
Applebee's Grill + Bar Restaurant
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
Breens INC · 13 yrs held
Breens INC
since 2013
4 recorded transactions
Zoning & alternative use
C-2 · Comstock Park, 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 Comstock Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Comstock Park 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 2019Property tax & assessments
Tax year 2019
Tax billed
$21,297
Tax year 2019
Assessed value
$568,000
Assessed 2023
Previous assessed
$503,800
+12.7% YoY
Effective rate
3.75%
On assessed value
Total market value
$1,136,000
Applied tax rate
13.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1994
Heating
NONE
Cooling
YES
Buildings
1
Stories
1
Total area
5,744 SF
Lot
1.76 ac (76,666 SF)
Zoning code
C-2
APN
41-09-35-426-029
UPID
US43-0507809
Jurisdiction
KENT
Zoning & alternative use
C-2 · Comstock Park, MI
Zoning C-2 · permitted uses
C-2 · Comstock Park, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Comstock Park. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1994
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
1.76 ac
Current owner
From public records · entity-resolved
Breens INC
Entity
Free & Clear · 13 yrs held
Mailing address
17800 N LAUREL PARK DR200C, LIVONIA, MI 48152-3985
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2013
$2,700,000
Breens INC
Green Alpine LLC
Warranty Deed
—
Nov 18, 2009
—
Green Alpine LLC
Dbapplef LLC
Warranty Deed
$1,122,000 · United Bank Of Michigan
Oct 15, 2008
—
Dbapplef LLC
Applebees Restaurants Mid Atlantic
Warranty Deed
—
Jan 11, 2008
—
Aom Transitory Merger Sub LLC
Applebees Of Michigan INC
Warranty Deed
—
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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