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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Grocery and convenience stores
510 Main St Northville, MI 48167-1669
Entity Owned
22-yr Hold
Free & Clear
Property ID
US43-5240683
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2006
Total area
2,000 SF
Lot
0.32 ac (13,939 SF)
Zoning code
GCD
APN
48 004 02 0110 001
UPID
US43-5240683
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
-
Marathon Gas Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$746k
Blend (final)
Blend
$745k
Owner & transaction history
Oraha Petroleum INC · 22 yrs held
Oraha Petroleum INC
since 2004
1 recorded transaction
Zoning & alternative use
GCD · Northville, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The General Commercial District is designed to provide sites for more diversified and intensive business types and are often located to serve higher volumes of automobile traffic
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
16.19 ac
Source
Realmo
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 Northville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Northville 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
$745k
Range $671k – $820k · ±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
$373 / 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
$19,758
Tax year 2023
Assessed value
$363,900
Assessed 2024
Previous assessed
$358,000
+1.6% YoY
Effective rate
5.43%
On assessed value
Total market value
$727,800
Applied tax rate
82,390.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2006
Heating
FORCED AIR
Buildings
1
Stories
1
Rooms
2
Bathrooms
2
Total area
2,000 SF
Lot
0.32 ac (13,939 SF)
Zoning code
GCD
APN
48 004 02 0110 001
UPID
US43-5240683
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
GCD · Northville, MIZoning GCD · permitted uses
GCD · Northville, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The General Commercial District is designed to provide sites for more diversified and intensive business types and are often located to serve higher volumes of automobile traffic
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
16.19 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2006
Heating
FORCED AIR
Stories
1
Buildings
1
Rooms
2
Bathrooms
2
Lot
0.32 ac
Current owner
From public records · entity-resolved
Oraha Petroleum INC
Entity
Free & Clear · 22 yrs held
Mailing address
510 S MAIN ST, NORTHVILLE, MI 48167-1669
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2004
$1,075,000
Oraha Petroleum INC
Ftv Northville
Warranty Deed
—
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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