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Property profile & analytics
OFF-MARKET
Estimated value
$2,505,000
Banks
41401 Frd Rd Canton, MI 48187-3655
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-5275512
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1975
Construction
BRICK
Total area
3,759 SF
Lot
1.24 ac (54,014 SF)
Zoning code
C-3
APN
71 053 99 0001 001
UPID
US43-5275512
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
-
Michelle Riesgo Financial Advisor
-
Khalil Boussi Loan Service Bank
-
Citizens Bank ATM Atm
-
Citizens Bank Loan Service
-
Jason Christopoulos Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.51M
Owner & transaction history
Fx Ford Road LLC · 5 yrs held
Fx Ford Road LLC
since 2021
Last sale
$2.5M
4 recorded transactions
Zoning & alternative use
C-3 · 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
$2,515,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.51M
Range $2.25M – $2.76M · ±10% · vs last sale $2.50M (Feb 19 2021)
Last sale anchor
$2.50M
Feb 19 2021
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
$666 / 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
$23,382
Tax year 2023
Assessed value
$418,700
Assessed 2024
Previous assessed
$401,700
+4.2% YoY
Effective rate
5.58%
On assessed value
Total market value
$837,400
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1975
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
11
Total area
3,759 SF
Lot
1.24 ac (54,014 SF)
Zoning code
C-3
APN
71 053 99 0001 001
UPID
US43-5275512
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
C-3 · Canton, MI
Zoning C-3 · permitted uses
C-3 · 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.
Building & site characteristics
From public records
Year built
1975
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
11
Lot
1.24 ac
Current owner
From public records · entity-resolved
Fx Ford Road LLC
Entity
Free & Clear · 5 yrs held
Mailing address
40401 FRD RD, CANTON, MI 48187
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2024
—
Fx Ford Road LLC
—
Deed
related
$1,649,000 · Bank Of America NA
Jan 5, 2023
—
Fx Ford Road LLC
—
Deed
related
$20,000,000 · Morgan Stanley Private Bank NA
Feb 19, 2021
$2,499,000
Fx Ford Road LLC
Lb Ubs 2007 C6 Mi 3 Proerties LLC
Deed
—
Nov 19, 2018
$9,720,049
Lb-ubs 2007-c6 Mi 3 Prop LLC
Sheriff Of Wayne County|cre Jv Mixed Fifteen Mi 3
Trustees 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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