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    Property profile & analytics

    4 Hewitt Rd Ypsilanti, MI 48197-4402

    • Grocery and convenience stores
    • 2,400 SF
    • 0.45 lot acres
    OFF-MARKET
    Value Estimation
    $635,000
    Last Sale
    Feb 05, 2025
    $620,000
    Location Intelligence
    Property ID
    US43-1317691
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Combined Insurance / Health Insurance Agency / Insurance Company
    • Target II PARTY SHOPPE / Wine Store / Grocery Store
    • MoneyGram / Money Transfer Service
    • Vigo / Money Transfer Service / Money Order Service
    • Bitcoin Depot | Bitcoin ATM / Atm

    Property Details for 4 Hewitt Rd

    Year built
    1974
    Lot size
    0.45 lot acres
    Property size
    2,400 SF
    Property type
    Grocery and convenience stores
    APN
    K -11-40-351-008
    APU
    K1140351008

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $585,000

    • CAP approach

      CAP return
      Estimation
      6%
      $735,000
      6.5%
      $725,000
      7%
      $675,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $825,000
      Geo Method
      $665,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $795,000
      Retail
      $675,000
      Mixed-Use
      $645,000
      Hospitality
      $640,000
      Educational
      $645,000
      Residential Income
      $815,000
      Energy
      $765,000
      Income-Based Land
      $850,000
      Food Service
      $840,000

    Location Insight

    • Map
    • Local Demand
    City
    Ypsilanti
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.6458
    Latitude
    42.2362
    CBSA code
    11460
    CBSA name
    ANN ARBOR, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $0.00
    $0.00
    $202,100
    -
    $0.00
    $0.00
    $404,200

    Comparable in this City

    • Value Estimation by Request

      1303 Anna Jpp Dr

      CONVENIENCE STORE
      1303 Anna Jpp Dr, Ypsilanti, MI 48197
      View Details
    • Value Estimation
      $1,075,000
      2,950 SF

      2200 Ellsworth Rd

      CONVENIENCE STORE • 2,950 SF
      2200 Ellsworth Rd, Ypsilanti, MI 48197-4806
      View Details
    • Value Estimation by Request
      4,546 SF

      3150 Michigan Ave

      CONVENIENCE STORE • 4,546 SF
      3150 Michigan Ave, Ypsilanti, MI 48197-9045
      View Details
    • Value Estimation by Request
      404 SF

      2350 Washtenaw Rd

      CONVENIENCE STORE • 404 SF
      2350 Washtenaw Rd, Ypsilanti, MI 48197-1502
      View Details
    • Value Estimation by Request
      57,631 SF

      3020 Washtenaw Rd

      GROCERY, SUPERMARKET • 57,631 SF
      3020 Washtenaw Rd, Ypsilanti, MI 48197-1509
      View Details
    • Value Estimation by Request
      3,200 SF

      5511 Michigan Ave

      CONVENIENCE STORE • 3,200 SF
      5511 Michigan Ave, Ypsilanti, MI 48197-9255
      View Details

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    Ypsilanti, MI 48197-4402
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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