Entity Owned Property summary
AI-generated overview
This exceptional 6,904 square foot former restaurant is available for purchase at $2,499,000. Located at 39715 6 Mile Rd in Northville, Michigan (zip code 48168), this single-tenancy property sits on a 3-acre lot and boasts an impressive 218 feet of frontage along 6 Mile Road. The property is zoned for retail commercial use and benefits from its strategic location within a high-traffic trade area. A significant advantage is its proximity to a Kroger Power Center, ensuring high visibility and consistent foot traffic. The sale includes a valuable liquor license, presenting a unique opportunity for a variety of food and beverage businesses. The building's substantial size offers ample space for a restaurant, or potential redevelopment into other retail uses. This is a turnkey opportunity for an investor seeking a high-potential property in a prime Northville location within Oakland County. The property's size, location, and included liquor license make it an attractive investment prospect. Serious inquiries are encouraged.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2002
Total area
6,926 SF
Lot
3.28 ac (142,877 SF)
Zoning code
HPUD
APN
77 049 01 0005 303
UPID
US43-1378304
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Restaurant
-
Hair Salon Nail Salon
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.05M
Owner & transaction history
since 2023
Last sale
$2.0M
5 recorded transactions
Zoning & alternative use
HPUD · Northville, MI
Top alternative use upside
Apartment house (5+ units)
$1.6M
+120.5%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 4 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$2.05M
Value range
$1.84M – $2.25M
±10% around blend
Estimated value / SF
$295 / SF
Confidence
Low
4 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
40
$1.84M
blend $2.05M
$2.25M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
6,926 SF
Lot area
3.28 ac
Year built
2002
Stories
1
APN
77 049 01 0005 303
Zoning
HPUD
Assessed value
$1,035,000
Annual tax
$62,083
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.65M
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
18.0 mi away · 5,582 SF
19.8 mi away · 5,537 SF
24.9 mi away · 5,218 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.05M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 300 sales
$104
+185%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $295/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Apartment House (5+ Units)
Gross theoretical uplift
+121%
vs current-use indication
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.00M
Move the market yield to see immediate price impact.
Value / SF
$289
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$126k
$2.52M
$1.80M
$1.40M
$140k
$2.80M
$2.00M
$1.56M
$154k
$3.08M
$2.20M
$1.71M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$1.15M
5.8 mi · Mar 2026 · $200/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$62,083
Tax year 2023
Assessed value
$1,035,000
Assessed 2024
Previous assessed
$1,193,400
-13.3% YoY
Effective rate
6.00%
On assessed value
Total market value
$2,070,000
Applied tax rate
82,100.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2002
Heating
FORCED AIR
Stories
1
Units
1
Total area
6,926 SF
Lot
3.28 ac (142,877 SF)
Zoning code
HPUD
APN
77 049 01 0005 303
UPID
US43-1378304
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
HPUD · Northville, MIZoning HPUD · permitted uses
HPUD · Northville, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Heating
FORCED AIR
Stories
1
Units
1
Lot
3.28 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
HPUD
Jurisdiction
Northville, MI
Recorded code
HPUD
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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