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Property profile & analytics
OFF-MARKET
Estimated value
$1,395,000
Strip malls
50409 Independence St Canton, MI 48188-6735
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US43-1131698
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2002
Total area
12,909 SF
Lot
0.43 ac (18,731 SF)
Zoning code
R-1
APN
71 073 99 0009 703
UPID
US43-1131698
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
-
Cold Stone Creamery Grocery & Convenience Store Specialty Food Shop
-
Blimpie America's Sub Shop Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.40M
Blend (final)
Blend
$1.40M
Owner & transaction history
Stefan Plaza LLC · 7 yrs held
Stefan Plaza LLC
since 2019
2 recorded transactions
Zoning & alternative use
R-1 · Canton, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
GRICULTURAL DISTRICT Expand ARTICLE 10.00. - RE, RESIDENTIAL ESTATE DISTRICT AND RR, RURAL RESIDENTIAL DISTRICT ARTICLE 10.00. - RE, RESIDENTIAL ESTATE DISTRICT AND RR, RURAL RESIDENTIAL DISTRICT Expand ARTICLE 11.00. - R-1 THROUGH R-5, SINGLE-FAMILY RESIDENTIAL DISTRICTS ARTICLE 11.00. - R-1 THROUGH R-5, SINGLE-FAMILY RESIDENTIAL DISTRICTS Expand ARTICLE 12…
Zone name
Single Family Residential
General category
RESIDENTIAL
Zone area
1,093.74 ac
Top alternative use upside
Commercial (general)
$2.2M
+110.2%
Office building
$1.7M
+67.2%
Auto repair, garage
$1.4M
+38.0%
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
NEIGHBORHOOD: SHOPPING CENTER
$1,025,000
Current use
COMMERCIAL (GENERAL)
$2,160,000
Change: +110% · Conversion: Easy
OFFICE BUILDING
$1,720,000
Change: +67% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,415,000
Change: +38% · Conversion: Difficult
RETAIL STORES
$1,385,000
Change: +35% · Conversion: Easy
MEDICAL BUILDING
$1,255,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$1.40M
Range $1.26M – $1.53M · ±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
$44,681
Tax year 2023
Assessed value
$860,300
Assessed 2024
Previous assessed
$793,800
+8.4% YoY
Effective rate
5.19%
On assessed value
Total market value
$1,720,600
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
2002
Heating
FORCED AIR
Buildings
6
Stories
2
Total area
12,909 SF
Lot
0.43 ac (18,731 SF)
Zoning code
R-1
APN
71 073 99 0009 703
UPID
US43-1131698
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
R-1 · Canton, MIZoning R-1 · permitted uses
R-1 · Canton, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
GRICULTURAL DISTRICT Expand ARTICLE 10.00. - RE, RESIDENTIAL ESTATE DISTRICT AND RR, RURAL RESIDENTIAL DISTRICT ARTICLE 10.00. - RE, RESIDENTIAL ESTATE DISTRICT AND RR, RURAL RESIDENTIAL DISTRICT Expand ARTICLE 11.00. - R-1 THROUGH R-5, SINGLE-FAMILY RESIDENTIAL DISTRICTS ARTICLE 11.00. - R-1 THROUGH R-5, SINGLE-FAMILY RESIDENTIAL DISTRICTS Expand ARTICLE 12.00. - R-6, SINGLE-FAMILY ATTACHED HOUSING DISTRICT ARTICLE 12.00. - R-6, SINGLE-FA
Zone name
Single Family Residential
General category
RESIDENTIAL
Zone area
1,093.74 ac
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$2.2M
OFFICE BUILDING
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RETAIL STORES
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2002
Heating
FORCED AIR
Stories
2
Buildings
6
Lot
0.43 ac
Current owner
From public records · entity-resolved
Stefan Plaza LLC
Entity
Mailing address
50409 INDEPENDENCE ST, CANTON, MI 48188-6735
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Jun 20, 2019
$1,800,000
Stefan Plaza LLC
M & M International L Ents LLC
Trustees Deed
$1,350,000 · First Nat'l Bk/howell
—
—
M & M International Ents LLC
—
Deed Of Trust
related
$599,000 · Main Street Bk
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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