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Property profile & analytics
OFF-MARKET
Estimated value
$17,620,000
Showrooms
47255 Michigan Ave, Canton, MI 48188-2310
Entity Owned
10-yr Hold
Free & Clear
Property ID
US43-0030159
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2004
Total area
73,711 SF
Lot
17.45 ac (760,122 SF)
Zoning code
G-1
APN
71 131 99 0008 003
UPID
US43-0030159
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
-
Mans Lumber Big Box & Wholesale Store Building Supply
-
Excalibur Garage Door Repairs Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.62M
Blend (final)
Blend
$17.62M
Owner & transaction history
5m Canton LLC · 10 yrs held
5m Canton LLC
since 2016
7 recorded transactions
Zoning & alternative use
G-1 · Canton, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$18.9M
+53.4%
Apartment house (5+ units)
$16.8M
+36.5%
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
COMMERCIAL (GENERAL)
$12,325,000
Current use
RESTAURANT
$18,910,000
Change: +53% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$16,830,000
Change: +37% · Conversion: Moderate
Blend value · Realmo final
$17.62M
Range $15.86M – $19.38M · ±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
$239 / 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
$89,640
Tax year 2023
Assessed value
$2,802,200
Assessed 2024
Previous assessed
$1,908,500
+46.8% YoY
Effective rate
3.20%
On assessed value
Total market value
$5,604,400
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2004
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
73,711 SF
Lot
17.45 ac (760,122 SF)
Zoning code
G-1
APN
71 131 99 0008 003
UPID
US43-0030159
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
G-1 · Canton, MI
Zoning G-1 · permitted uses
G-1 · 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
COMMERCIAL (GENERAL) Current
Est. value
$12.3M
RESTAURANT
Est. value
$18.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$16.8M
COMMERCIAL (GENERAL) Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
2004
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
17.45 ac
Current owner
From public records · entity-resolved
5m Canton LLC
Entity
Free & Clear · 10 yrs held
Mailing address
47255 MICHIGAN AVE, CANTON, MI 48188-2310
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
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
Mar 31, 2016
$1,236,000
5m Canton LLC
3m Canton Dev INC
Warranty Deed
—
Mar 29, 2004
$2,100,000
3m Canton Development
Ratliff,james L
Warranty Deed
—
—
—
3m Canton Dev INC
—
Deed Of Trust
related
$1,782,000 · Pnc Bank
—
—
5m Canton LLC
—
Loan Modification
related
$2,600,000 · Pnc Bk
—
—
Record Owner
—
Deed Of Trust
related
$34,000,000 · National City Bank Michigan
—
—
NA Mans
—
Deed Of Trust
related
$11,531,829 · Pnc Bank
—
—
3m Canton Dev INC
—
Loan Modification
related
$7,000,000 · Pnc 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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