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Property profile & analytics
OFF-MARKET
Estimated value
$3,975,000
Automotive properties
43646 Interstate 94th Service Dr, Van Buren Township, MI 48111-2607
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-0360901
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Total area
44,018 SF
Lot
9.83 ac (428,195 SF)
Zoning code
C2 EXT
APN
83 060 01 0001 001
UPID
US43-0360901
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
-
Camping World of Belleville - Parts & Accessories Car Dealership
-
Simmons Insurance Agency Insurance Agency
-
Camping World - Parts & Accessories Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.98M
Blend (final)
Blend
$3.98M
Owner & transaction history
Frhp 1 LLC · 3 yrs held
Frhp 1 LLC
since 2022
5 recorded transactions
Zoning & alternative use
C2 EXT · Van Buren Township, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.8M
+53.1%
Restaurant
$4.6M
+44.3%
Office building
$4.3M
+35.4%
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 Van Buren Township submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Van Buren Township 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
AUTO REPAIR, GARAGE
$3,160,000
Current use
COMMERCIAL (GENERAL)
$4,835,000
Change: +53% · Conversion: Moderate
RESTAURANT
$4,560,000
Change: +44% · Conversion: Difficult
OFFICE BUILDING
$4,275,000
Change: +35% · Conversion: Difficult
MEDICAL BUILDING
$4,145,000
Change: +31% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,505,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$3,350,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$3.98M
Range $3.58M – $4.37M · ±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
$90 / 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
$76,499
Tax year 2023
Assessed value
$1,559,400
Assessed 2024
Previous assessed
$1,466,800
+6.3% YoY
Effective rate
4.91%
On assessed value
Total market value
$3,118,800
Applied tax rate
82,430.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
44,018 SF
Lot
9.83 ac (428,195 SF)
Zoning code
C2 EXT
APN
83 060 01 0001 001
UPID
US43-0360901
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
C2 EXT · Van Buren Township, MI
Zoning C2 EXT · permitted uses
C2 EXT · Van Buren Township, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Van Buren Township. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$4.8M
RESTAURANT
Est. value
$4.6M
OFFICE BUILDING
Est. value
$4.3M
MEDICAL BUILDING
Est. value
$4.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.5M
RETAIL STORES
Est. value
$3.4M
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
9.83 ac
Current owner
From public records · entity-resolved
Frhp 1 LLC
Entity
Free & Clear · 3 yrs held
Mailing address
250 PKWY DR STE #270, LINCOLNSHIRE, IL 60069-4346
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2022
—
Frhp 1 LLC
Freedomroads Property Company LLC
Deed
—
Feb 14, 2018
—
Freedomroads Property Co LLC
National Retail Props INC
Grant Deed
related
—
Feb 2, 2015
—
National Retail Props INC
National Retail Properties LP
Quit Claim Deed
related
—
Apr 20, 2012
$3,177,656
National Retail Properties LP
Agrp Of Belleville LLC
Grant Deed
—
Aug 11, 2010
—
Cw Michigan INC
—
Deed Of Trust
related
$144,300,000 · Wilmington Trust Fsb
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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