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Property profile & analytics
OFF-MARKET
Estimated value
$2,275,000
Turn key restaurants
41190 Frd Rd Canton, MI 48187-3659
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1029154
Property summary
AI-generated overview
This exceptional Class A, free-standing retail building, totaling 5,662 square feet, is ideally situated at 41190 Ford Rd in Canton, Michigan, within Wayne County. Built in 2003, the property boasts a spacious 1.337-acre lot and offers ample parking with 86 spaces. Currently vacant, this single-tenant space presents a unique opportunity for a restaurant operator seeking a high-visibility location. The building is zoned C-4 (Interchange Service Commercial), allowing for a variety of uses within this designation. The property's prime location and substantial size make it an attractive investment for businesses seeking to establish a strong presence in a thriving Canton community. The building's modern design and ample parking ensure a convenient and comfortable experience for customers. With its convenient access and high visibility, this property is poised for immediate occupancy and success. The property's size and zoning provide flexibility for a variety of restaurant concepts. Serious inquiries are encouraged to explore this exceptional opportunity. The address is 41190 Ford Rd, Canton, MI 48187.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2003
Total area
5,994 SF
Lot
2.68 ac (116,741 SF)
Zoning code
C-4
APN
71 047 99 0005 001
UPID
US43-1029154
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
-
Bob Evans Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.27M
Blend (final)
Blend
$2.28M
Owner & transaction history
National Retail Properties LP · 10 yrs held
National Retail Properties LP
since 2016
1 recorded transaction
Zoning & alternative use
C-4 · Canton, 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 Canton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Canton 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
$1,540,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,370,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$2.28M
Range $2.05M – $2.50M · ±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
$380 / 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
$47,288
Tax year 2023
Assessed value
$1,110,500
Assessed 2024
Previous assessed
$1,046,200
+6.1% YoY
Effective rate
4.26%
On assessed value
Total market value
$2,221,000
Applied tax rate
82,100.0000
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
2003
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
5,994 SF
Lot
2.68 ac (116,741 SF)
Zoning code
C-4
APN
71 047 99 0005 001
UPID
US43-1029154
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
C-4 · Canton, MI
Zoning C-4 · permitted uses
C-4 · Canton, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Canton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
RESTAURANT Current
APARTMENT HOUSE (5+ UNITS)
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
2003
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
2.68 ac
Current owner
From public records · entity-resolved
National Retail Properties LP
Entity
Free & Clear · 10 yrs held
Mailing address
5205 NEW ALBANY RD, NEW ALBANY, OH 43054-9044
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2016
$1,385,000
National Retail Properties LP
Bob Evans Farms LLC
Grant 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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