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Property profile & analytics
OFF-MARKET
Estimated value
$3,365,000
Grocery and convenience stores
4220 Wyoming St Dearborn, MI 48126-3725
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1396963
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1951
Total area
12,501 SF
Lot
7.94 ac (345,866 SF)
Zoning code
IC
APN
82 10 163 02 017
UPID
US43-1396963
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
$2.63M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.37M
Owner & transaction history
Nkh Holdings LLC · 5 yrs held
Nkh Holdings LLC
since 2021
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
IC · Dearborn, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
T[1] ARTICLE 16.00 - B-C, GENERAL BUSINESS DISTRICT[1] ARTICLE 17.00 - B-D, DOWNTOWN BUSINESS DISTRICT ARTICLE 18.00 - I-A, LIGHT INDUSTRIAL DISTRICT[1] ARTICLE 19.00 - I-B, MEDIUM INDUSTRIAL DISTRICT[1] ARTICLE 20.00 - I-C, INTENSIVE INDUSTRIAL DISTRICT[1] ARTICLE 21.00 - I-D, GENERAL INDUSTRIAL DISTRICT[1] ARTICLE 22.00 - T-R, TECHNOLOGY AND RESEARCH DISTR…
Zone name
Intensive Industrial District
General category
INDUSTRIAL
Zone area
1,289.01 ac
Source
Sec. 1.01. - Short title.
Top alternative use upside
Apartment house (5+ units)
$2.9M
+187.0%
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 Dearborn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dearborn 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
$3,820,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,850,000
6.5%
$2,630,000
7%
$2,445,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,855,000
Change: +187% · Conversion: Difficult
Blend value · Realmo final
$3.37M
Range $3.03M – $3.70M · ±10% · vs last sale $3.50M (May 12 2021)
Last sale anchor
$3.50M
May 12 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
$269 / 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
$39,282
Tax year 2023
Assessed value
$594,200
Assessed 2024
Previous assessed
$571,900
+3.9% YoY
Effective rate
6.61%
On assessed value
Total market value
$1,188,400
Applied tax rate
82,030.0000
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
1951
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
12,501 SF
Lot
7.94 ac (345,866 SF)
Zoning code
IC
APN
82 10 163 02 017
UPID
US43-1396963
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
IC · Dearborn, MIZoning IC · permitted uses
IC · Dearborn, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
T[1] ARTICLE 16.00 - B-C, GENERAL BUSINESS DISTRICT[1] ARTICLE 17.00 - B-D, DOWNTOWN BUSINESS DISTRICT ARTICLE 18.00 - I-A, LIGHT INDUSTRIAL DISTRICT[1] ARTICLE 19.00 - I-B, MEDIUM INDUSTRIAL DISTRICT[1] ARTICLE 20.00 - I-C, INTENSIVE INDUSTRIAL DISTRICT[1] ARTICLE 21.00 - I-D, GENERAL INDUSTRIAL DISTRICT[1] ARTICLE 22.00 - T-R, TECHNOLOGY AND RESEARCH DISTRICT[1] ARTICLE 23.00 - PUD, PLANNED UNIT DEVELOPMENT MIXED USE DISTRICT[1] ARTICLE
Zone name
Intensive Industrial District
General category
INDUSTRIAL
Zone area
1,289.01 ac
Source
Sec. 1.01. - Short title.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.9M
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
1951
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
7.94 ac
Current owner
From public records · entity-resolved
Nkh Holdings LLC
Entity
Free & Clear · 5 yrs held
Mailing address
12755 E 9TH MILE RD, WARREN, MI 48089-2621
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2022
—
Utsi Finance INC
—
Deed
related
—
May 6, 2022
—
Utsi Finance INC
—
Deed
related
$165,350,000 · Fifth Third Bank NA
May 12, 2021
$775,000
Nkh Holdings LLC
Fast Track Ventures LLC
Deed
—
May 12, 2021
$3,500,000
Utsi Finance INC
Nkh Holdings LLC
Warranty Deed
—
Jan 26, 2017
$295,000
Fast Track Ventures LLC
Nours Investment Group Ltd
Warranty Deed
—
Jan 26, 2017
—
Nkh Holdings LLC
Fast Track Ventures LLC
Quit Claim Deed
—
—
—
Nours Inv Group Ltd Prop LLC
—
Deed Of Trust
related
$75,000 · Michigan Fuels INC
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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