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Property profile & analytics
OFF-MARKET
Estimated value
$1,265,000
Turn key restaurants
38888 6th Mile Rd Livonia, MI 48152-2605
Entity Owned
1-yr Hold
Free & Clear
Property ID
US43-1109845
Property summary
AI-generated overview
This 7,671 square foot single-tenant retail building is located at 38888 Six Mile Road in Livonia, Michigan, within the Southern I-275 Corridor. Built in 1999, the property sits on a 1.609-acre lot and is zoned C-2. The building is currently vacant and offers a unique opportunity for a variety of commercial uses. Its former use was an Italian restaurant. The property boasts excellent visibility and accessibility, situated near the intersection of I-275 and Six Mile Roads, with a daily traffic count of 39,100 vehicles. Abundant on-site parking is available for customers and employees. The location benefits from its proximity to several hotels and the Laurel Park Place Mall, ensuring high foot traffic and customer exposure. This makes it an ideal location for businesses seeking a strong presence in a bustling commercial area. The Wayne County property (APN: 027990014010) offers a chance to establish a thriving business in a high-traffic, convenient location. The property's size and location provide significant potential for a variety of commercial ventures.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1999
Total area
7,671 SF
Lot
1.61 ac (70,132 SF)
APN
46 027 99 0014 010
UPID
US43-1109845
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
-
Creators' Kitchen as Seen on TikTok Restaurant
-
NASCAR Wings Restaurant
-
Buca di Beppo Italian Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$1.27M
Owner & transaction history
38888 Six Mile LLC · 1 yrs held
38888 Six Mile LLC
since 2024
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.8M
+120.5%
Office building
$1.1M
+36.7%
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 Livonia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Livonia 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
RESTAURANT
$795,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,750,000
Change: +121% · Conversion: Difficult
OFFICE BUILDING
$1,085,000
Change: +37% · Conversion: Moderate
COMMERCIAL (GENERAL)
$790,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$1.27M
Range $1.14M – $1.39M · ±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
$165 / 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
$43,789
Tax year 2023
Assessed value
$795,500
Assessed 2024
Previous assessed
$812,900
-2.1% YoY
Effective rate
5.50%
On assessed value
Total market value
$1,591,000
Applied tax rate
82,095.0000
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
1999
Heating
FORCED AIR
Stories
1
Total area
7,671 SF
Lot
1.61 ac (70,132 SF)
APN
46 027 99 0014 010
UPID
US43-1109845
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
RESTAURANT Current
Est. value
$795,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$790,000
RESTAURANT Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1999
Heating
FORCED AIR
Stories
1
Lot
1.61 ac
Current owner
From public records · entity-resolved
38888 Six Mile LLC
Entity
Free & Clear · 1 yrs held
Mailing address
38888 6TH MILE RD, LIVONIA, MI 48152-2605
Mailing matches property
Yes
Owner-occupied
Yes
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2024
—
38888 Six Mile LLC
Pj Enterprises LLC
Quitclaim Deed
related
—
Feb 1, 2023
—
Pj Enterprises LLC
—
Deed
related
$1,870,850 · David D Phipps
Sep 16, 2010
—
Pj Ents LLC
J-p Plymouth Properties LLC
Quit Claim Deed
related
$1,110,000 · Monroe Bank & Trust
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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