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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Outlet malls
47488 Van Dyke Ave Shelby Township, MI 48317-3364
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-1197139
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1973
Total area
10,747 SF
Lot
0.81 ac (35,153 SF)
Zoning code
CK MAP
APN
23-07-27-351-004
UPID
US43-1197139
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$712k
Blend (final)
Blend
$710k
Owner & transaction history
Rayan Property Management LLC · 1 yrs held
Rayan Property Management LLC
since 2025
7 recorded transactions
Zoning & alternative use
CK MAP · Shelby Township, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Shelby Township submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shelby Township 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
Blend value · Realmo final
$710k
Range $639k – $781k · ±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
$66 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$11,949
Tax year 2022
Assessed value
$329,900
Assessed 2023
Previous assessed
$339,700
-2.9% YoY
Effective rate
3.62%
On assessed value
Total market value
$659,800
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1973
Heating
FORCED AIR
Stories
1
Total area
10,747 SF
Lot
0.81 ac (35,153 SF)
Zoning code
CK MAP
APN
23-07-27-351-004
UPID
US43-1197139
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
CK MAP · Shelby Township, MI
Zoning CK MAP · permitted uses
CK MAP · Shelby Township, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Shelby Township. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1973
Heating
FORCED AIR
Stories
1
Lot
0.81 ac
Current owner
From public records · entity-resolved
Rayan Property Management LLC
Entity
Mailing address
5490 PARK PL, ROSEMONT, IL 60018-3732
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2025
—
Rayan Property Management LLC
Wcfx Real Estate Holdings LLC
Deed
—
Mar 1, 2023
—
Wcfx Real Estate Holdings LLC
—
Deed
related
$150,000 · Comerica Bank
Feb 10, 2023
—
Wcfx Real Estate Holdings LLC
Rci Property Holdings LLC
Special Warranty Deed
—
Nov 22, 2019
—
Richard J Cross
—
Deed
related
$750,000 · Robert Steven
Apr 16, 2019
—
Rc1 Prop Hldgs LLC
—
Deed
related
$920,000 · Mbank
Jan 31, 2019
—
Rc1 Property Holdings LLC
—
Deed
related
$174,539 · Lake Mi Cu
Jun 13, 2017
$675,000
Rc1 Property Holdings LLC
Best Real Estate LLC
Warranty Deed
—
Apr 27, 2017
—
Rc1 Property Holdings LLC
—
Deed
related
$700,000 · Lake Mi Cu
Oct 18, 2016
—
Rc1 Property Holdings LLC
Best Real Estate LLC
Quit Claim Deed
related
—
—
—
Rc1 Prop Hldgs LLC
—
Deed Of Trust
related
$920,000 · Mbank
—
—
Rc1 Property Holdings LLC
—
Deed Of Trust
related
$174,539 · Lake Mi Cu
—
—
Richard J Cross
—
Deed Of Trust
related
$750,000 · Robert Steven
—
—
Rc1 Property Holdings LLC
—
Deed Of Trust
related
$700,000 · Lake Mi Cu
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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