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Property profile & analytics
OFF-MARKET
Estimated value
$4,905,000
Automotive properties
46352 Michigan Ave Canton, MI 48188-2579
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US43-5049104
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2006
Total area
30,480 SF
Lot
9.73 ac (423,839 SF)
Zoning code
C-3
APN
71 131 99 0010 700
UPID
US43-5049104
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
-
FedEx Drop Box Postal Service Courier Service
-
Victory Toyota of Canton Service Auto Repair Shop Vehicle Inspection Center
-
Victory Toyota of Canton Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.90M
Blend (final)
Blend
$4.91M
Owner & transaction history
Cappo Properties LLC · 14 yrs held
Cappo Properties LLC
since 2012
3 recorded transactions
Zoning & alternative use
C-3 · Canton, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
00. - C-1, VILLAGE SHOPPING DISTRICT ARTICLE 15.00. - C-1, VILLAGE SHOPPING DISTRICT Expand ARTICLE 16.00. - C-2, COMMUNITY COMMERCIAL DISTRICT ARTICLE 16.00. - C-2, COMMUNITY COMMERCIAL DISTRICT Expand ARTICLE 17.00. - C-3, REGIONAL COMMERCIAL DISTRICT ARTICLE 17.00. - C-3, REGIONAL COMMERCIAL DISTRICT Expand ARTICLE 18.00. - C-4, INTERCHANGE SERVICE DISTRI…
Zone name
Regional Commercial
General category
COMMERCIAL
Zone area
20.02 ac
Top alternative use upside
Restaurant
$7.8M
+133.6%
Apartment house (5+ units)
$7.0M
+108.0%
Commercial (general)
$5.1M
+52.3%
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
AUTO REPAIR, GARAGE
$3,345,000
Current use
RESTAURANT
$7,820,000
Change: +134% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,960,000
Change: +108% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,095,000
Change: +52% · Conversion: Moderate
OFFICE BUILDING
$4,055,000
Change: +21% · Conversion: Difficult
RETAIL STORES
$3,270,000
Change: -2% · Conversion: Difficult
MEDICAL BUILDING
$2,965,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$4.91M
Range $4.41M – $5.40M · ±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
$161 / 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
$109,810
Tax year 2023
Assessed value
$2,132,800
Assessed 2024
Previous assessed
$2,035,400
+4.8% YoY
Effective rate
5.15%
On assessed value
Total market value
$4,265,600
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2006
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
30,480 SF
Lot
9.73 ac (423,839 SF)
Zoning code
C-3
APN
71 131 99 0010 700
UPID
US43-5049104
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
C-3 · Canton, MIZoning 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
Zoning description
00. - C-1, VILLAGE SHOPPING DISTRICT ARTICLE 15.00. - C-1, VILLAGE SHOPPING DISTRICT Expand ARTICLE 16.00. - C-2, COMMUNITY COMMERCIAL DISTRICT ARTICLE 16.00. - C-2, COMMUNITY COMMERCIAL DISTRICT Expand ARTICLE 17.00. - C-3, REGIONAL COMMERCIAL DISTRICT ARTICLE 17.00. - C-3, REGIONAL COMMERCIAL DISTRICT Expand ARTICLE 18.00. - C-4, INTERCHANGE SERVICE DISTRICT ARTICLE 18.00. - C-4, INTERCHANGE SERVICE DISTRICT Expand ARTICLE 19.00. - MRD,
Zone name
Regional Commercial
General category
COMMERCIAL
Zone area
20.02 ac
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$3.3M
RESTAURANT
Est. value
$7.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.0M
COMMERCIAL (GENERAL)
Est. value
$5.1M
OFFICE BUILDING
Est. value
$4.1M
RETAIL STORES
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$3.0M
AUTO REPAIR, GARAGE Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
2006
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
9.73 ac
Current owner
From public records · entity-resolved
Cappo Properties LLC
Entity
Mailing address
46352 MICHIGAN AVE, CANTON, MI 48188-2579
Mailing matches property
Yes
Owner-occupied
Yes
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2012
—
Cappo Properties LLC
—
Deed Of Trust
related
$7,940,647 · Toyota Motor Credit Corp
—
—
Cappo Properties LLC
—
Deed Of Trust
related
$3,460,000 · Toyota Motor Credit
—
—
Cappo Properties LLC
—
Deed Of Trust
related
$7,940,647 · Toyota Motor Credit Corp
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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