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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Strip malls
47135 5th Mile Rd Plymouth, MI 48170-2420
Entity Owned
Absentee Owner
Free & Clear
Property ID
US43-1072065
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Total area
6,655 SF
Lot
0.96 ac (41,818 SF)
Zoning code
C-2
APN
R-78-010-99-0013-702
UPID
US43-1072065
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
-
Chipotle Mexican Grill Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$720k
Blend (final)
Blend
$720k
Owner & transaction history
Plymouth Ra LLC
Plymouth Ra LLC
since 2026
5 recorded transactions
Zoning & alternative use
C-2 · Plymouth, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$730,000
+38.0%
Restaurant
$690,000
+30.1%
Office building
$645,000
+22.1%
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 Plymouth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Plymouth 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
NEIGHBORHOOD: SHOPPING CENTER
$530,000
Current use
COMMERCIAL (GENERAL)
$730,000
Change: +38% · Conversion: Easy
RESTAURANT
$690,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$645,000
Change: +22% · Conversion: Moderate
MEDICAL BUILDING
$625,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$505,000
Change: -4% · Conversion: Easy
AUTO REPAIR, GARAGE
$475,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$720k
Range $648k – $792k · ±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
$108 / 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
$26,370
Tax year 2023
Assessed value
$552,700
Assessed 2024
Previous assessed
$522,000
+5.9% YoY
Effective rate
4.77%
On assessed value
Total market value
$1,105,400
Applied tax rate
82,100.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2006
Heating
FORCED AIR
Stories
1
Total area
6,655 SF
Lot
0.96 ac (41,818 SF)
Zoning code
C-2
APN
R-78-010-99-0013-702
UPID
US43-1072065
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
C-2 · Plymouth, MI
Zoning C-2 · permitted uses
C-2 · Plymouth, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Plymouth. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$530,000
COMMERCIAL (GENERAL)
Est. value
$730,000
RESTAURANT
Est. value
$690,000
OFFICE BUILDING
Est. value
$645,000
MEDICAL BUILDING
Est. value
$625,000
RETAIL STORES
Est. value
$505,000
AUTO REPAIR, GARAGE
Est. value
$475,000
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
Lot
0.96 ac
Current owner
From public records · entity-resolved
Plymouth Ra LLC
Entity
Free & Clear · 0 yrs held
Mailing address
30200 TELEGRAPH RD STE #205, BINGHAM FARMS, MI 48025-4503
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
Jan 21, 2026
—
Plymouth Ra LLC
Plymouth Retail Management II LLC
Deed
related
—
Nov 25, 2025
—
Plymouth Ra LLC
—
Deed
related
$3,021,682 · Troy Bank & Trust Co
Jul 16, 2025
—
Plymouth Retail Management II LLC
—
Deed
related
$3,200,000 · Bcl Cre 3 LLC
Sep 20, 2023
—
Plymouth Retaii Management II LLC
Chew Land Management LLC
Warranty Deed
$2,313,750 · Southern Michigan Bank & Trust
Mar 11, 2021
—
C H E W Land Management LLC
Niju Properties LLC
Warranty Deed
$1,240,000 · The Huntington National 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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