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Property profile & analytics
OFF-MARKET
Estimated value
$21,765,000
Grocery and convenience stores
45540 Michigan Ave, Canton, MI 48188-2472
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US43-1119964
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2002
Total area
137,143 SF
Lot
15.54 ac (676,922 SF)
Zoning code
C-3
APN
71 129 99 0001 705
UPID
US43-1119964
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
-
Kroger Pharmacy Pharmacy
-
Kroger Grocery & Convenience Store Food Market
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Kroger Deli Food Market Restaurant
-
Kroger Bakery Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$21.77M
Blend (final)
Blend
$21.77M
Owner & transaction history
PC Center LLC · 4 yrs held
PC Center LLC
since 2021
2 recorded transactions
Zoning & alternative use
C-3 · Canton, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$35.2M
+138.9%
Apartment house (5+ units)
$31.3M
+112.7%
Commercial (general)
$22.9M
+55.8%
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
RETAIL STORES
$14,725,000
Current use
RESTAURANT
$35,180,000
Change: +139% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$31,315,000
Change: +113% · Conversion: Difficult
COMMERCIAL (GENERAL)
$22,935,000
Change: +56% · Conversion: Easy
OFFICE BUILDING
$18,250,000
Change: +24% · Conversion: Easy
AUTO REPAIR, GARAGE
$15,055,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$13,340,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$21.77M
Range $19.59M – $23.94M · ±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
$159 / 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
$500,566
Tax year 2023
Assessed value
$9,318,600
Assessed 2024
Previous assessed
$8,697,900
+7.1% YoY
Effective rate
5.37%
On assessed value
Total market value
$18,637,200
Applied tax rate
82,160.0000
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
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2002
Heating
FORCED AIR
Stories
1
Total area
137,143 SF
Lot
15.54 ac (676,922 SF)
Zoning code
C-3
APN
71 129 99 0001 705
UPID
US43-1119964
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$14.7M
RESTAURANT
Est. value
$35.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$31.3M
COMMERCIAL (GENERAL)
Est. value
$22.9M
OFFICE BUILDING
Est. value
$18.3M
AUTO REPAIR, GARAGE
Est. value
$15.1M
MEDICAL BUILDING
Est. value
$13.3M
RETAIL STORES Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
2002
Heating
FORCED AIR
Stories
1
Lot
15.54 ac
Current owner
From public records · entity-resolved
PC Center LLC
Entity
Mailing address
45540 MICHIGAN AVE, CANTON, MI 48188-2472
Mailing matches property
Yes
Owner-occupied
Yes
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2021
—
PC Center LLC
Premier Center Of Canton LLC
Warranty Deed
$14,675,000 · Ubs Bank USA
—
—
Premier Center Of Canton LLC
—
Deed Of Trust
related
$1,891,750 · Comerica Bank
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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