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Property profile & analytics
OFF-MARKET
Estimated value
$1,405,000
Grocery and convenience stores
39390 Ecorse Rd Romulus, MI 48174-1317
Entity Owned
4-yr Hold
Free & Clear
Property ID
US43-5028327
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2002
Total area
2,940 SF
Lot
1.17 ac (50,965 SF)
Zoning code
C3-HWY
APN
80 026 99 0015 705
UPID
US43-5028327
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$1.41M
Owner & transaction history
Woodcrest Of Dnb 440 Investments Ll · 4 yrs held
Woodcrest Of Dnb 440 Investments Ll
since 2022
Last sale
$1.8M
6 recorded transactions
Zoning & alternative use
C3-HWY · Romulus, 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 Romulus submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Romulus 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
$1.41M
Range $1.26M – $1.55M · ±10% · vs last sale $1.81M (Feb 7 2022)
Last sale anchor
$1.81M
Feb 7 2022
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
$478 / 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
$38,520
Tax year 2023
Assessed value
$598,300
Assessed 2024
Previous assessed
$546,300
+9.5% YoY
Effective rate
6.44%
On assessed value
Total market value
$1,196,600
Applied tax rate
82,130.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2002
Heating
FORCED AIR
Stories
1
Total area
2,940 SF
Lot
1.17 ac (50,965 SF)
Zoning code
C3-HWY
APN
80 026 99 0015 705
UPID
US43-5028327
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
C3-HWY · Romulus, MIZoning C3-HWY · permitted uses
C3-HWY · Romulus, 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
2002
Heating
FORCED AIR
Stories
1
Lot
1.17 ac
Current owner
From public records · entity-resolved
Woodcrest Of Dnb 440 Investments Ll
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 711, DALLAS, TX 75221-0711
Ownership since
2022
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
Feb 7, 2022
—
Woodcrest Of Dnb 440 Investments Ll
Leonard Swerdloff
Assignment Of Lease (leasehold Sale)
—
Feb 2, 2022
$1,810,000
Dnb 440 Investments LLC
Leonard Swerdloff
Deed
—
Jun 18, 2015
$1,663,699
Leonard Swerdloff
Tevi Florida LLC
Warranty Deed
—
Nov 22, 2013
—
Jbd Dev Group LLC
Gabbert Howard O JR Trust
Quit Claim Deed
related
—
Sep 4, 2013
$1,413,049
Tevi Florida LLC
Jbd Development Group LLC
Warranty Deed
$12,000,000 · Wells Fargo Bank NA
May 2, 2013
—
Jbd Dev Group LLC
Hannan Of Ecorse Dev Co LLC
Quit Claim Deed
related
—
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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