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Property profile & analytics
OFF-MARKET
Estimated value
$1,240,000
Drug stores
4514 Gratiot Rd Kimball, MI 48074-4508
Entity Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-4517672
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2011
Total area
13,164 SF
Lot
2.7 ac (117,612 SF)
Zoning code
C-1 COMM
APN
74-25-310-0003-001
UPID
US43-4517672
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
-
UPS Access Point location Courier Service Postal Service
-
Coinhub Bitcoin ATM Teller Atm
-
CDReload - Online Bitcoin ATM Atm Money Transfer Service
-
Citizens ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$1.24M
Owner & transaction history
Scp 2011-c37-021 LLC · 14 yrs held
Scp 2011-c37-021 LLC
since 2012
7 recorded transactions
Zoning & alternative use
C-1 COMM · Kimball, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.6M
+72.8%
Commercial (general)
$1.2M
+28.1%
Office building
$1.1M
+14.7%
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 Kimball submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kimball 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
RETAIL STORES
$930,000
Current use
MEDICAL BUILDING
$1,610,000
Change: +73% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,195,000
Change: +28% · Conversion: Easy
OFFICE BUILDING
$1,070,000
Change: +15% · Conversion: Easy
AUTO REPAIR, GARAGE
$855,000
Change: -8% · Conversion: Difficult
WAREHOUSE, STORAGE
$750,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.24M
Range $1.12M – $1.36M · ±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
$94 / 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
$27,597
Tax year 2023
Assessed value
$592,900
Assessed 2024
Previous assessed
$573,800
+3.3% YoY
Effective rate
4.65%
On assessed value
Total market value
$1,185,800
Applied tax rate
25.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2011
Heating
FORCED AIR
Stories
1
Bathrooms
1
Total area
13,164 SF
Lot
2.7 ac (117,612 SF)
Zoning code
C-1 COMM
APN
74-25-310-0003-001
UPID
US43-4517672
Jurisdiction
SAINT CLAIR
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
C-1 COMM · Kimball, MI
Zoning C-1 COMM · permitted uses
C-1 COMM · Kimball, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kimball. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$930,000
MEDICAL BUILDING
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$855,000
WAREHOUSE, STORAGE
Est. value
$750,000
RETAIL STORES Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
2011
Heating
FORCED AIR
Stories
1
Bathrooms
1
Lot
2.7 ac
Current owner
From public records · entity-resolved
Scp 2011-c37-021 LLC
Entity
Free & Clear · 14 yrs held
Mailing address
2525 FAIRMOUNT ST #200, DALLAS, TX 75201-1956
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
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
Jan 20, 2012
—
Scp 2011-c37-021 LLC
Woodward Detroit Cvs LLC
Deed
—
Nov 22, 2010
$1,150,000
Woodward Detroit Cvs LLC
Lumberjack Realty Co
Grant Deed
—
Nov 19, 2010
$343,000
Woodward Detroit Cvs LLC
Black,david D & Mary
Warranty Deed
—
Nov 19, 2010
$300,000
David Black
Calpin,geraldine T
Warranty Deed
—
Mar 22, 2010
—
David D Black
Black,david D
Quit Claim Deed
related
—
Nov 21, 2006
—
Geraldine T Calpin
Hazlinsky A B Family Trust
Quit Claim Deed
related
—
Nov 1, 2005
—
Black,david & Mary
Black,david
Quit Claim Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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