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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
51969 Van Dyke Ave, Shelby Township, MI 48316-4455
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-0119447
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1970
Total area
2,040 SF
Lot
1.9 ac (82,764 SF)
Zoning code
C-1
APN
23-07-16-426-006
UPID
US43-0119447
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
-
Cash2Bitcoin Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
51969 Van Dyke LLC · 1 yrs held
51969 Van Dyke LLC
since 2024
7 recorded transactions
Zoning & alternative use
C-1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$23,819
Tax year 2022
Assessed value
$623,600
Assessed 2023
Previous assessed
$535,300
+16.5% YoY
Effective rate
3.82%
On assessed value
Total market value
$1,247,200
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
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1970
Heating
FORCED AIR
Stories
1
Total area
2,040 SF
Lot
1.9 ac (82,764 SF)
Zoning code
C-1
APN
23-07-16-426-006
UPID
US43-0119447
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
C-1 · Shelby Township, MI
Zoning C-1 · permitted uses
C-1 · 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
1970
Heating
FORCED AIR
Stories
1
Lot
1.9 ac
Current owner
From public records · entity-resolved
51969 Van Dyke LLC
Entity
Mailing address
1901 MAIN ST BLDG A, LAKE COMO, NJ 07719-2954
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2024
—
51969 Van Dyke LLC
Fsc Epp Utica Mi LLC
Deed
$1,173,000 · Consumers Cu
Jan 26, 2022
$515,000
Mentz Kal Investments LLC
Mentco Properties INC
Warranty Deed
—
May 21, 2019
—
Fsc Epp Utica Mi LLC
—
Grant Deed
related
$11,352,000 · Capital One NA
Jan 3, 2019
$1,648,084
Fsc Epp Utica Mi LLC
Ld Acquisition Co 15-c LLC
Grant Deed
$11,352,000 · Ld Acquisition Co 15-c LLC
Nov 21, 2017
—
Ld Acquisition Co 15-c LLC
—
Grant Deed
related
$70,000,000 · Texas Cap Bk
Oct 4, 2017
—
Ld Acquisition Co 15-c LLC
Landmark Infrastructure Holdin
Trustees Deed
related
$70,000,000 · Texas Cap Bk
Jul 20, 2017
—
Landmark Infrastructure Holdin
Epp-atlas Acquisition LLC
Grant Deed
related
—
Apr 22, 2015
—
Epp-atlas Acquisition LLC
Simon Shelby Township-51969 Va
Grant Deed
—
Feb 6, 2008
—
Board Of County Road Commissio
Simon Shelby Township
Quit Claim Deed
—
Jan 30, 2007
$725,000
Simon Shelby Township-51969 Va
Ftv Shelby-51969 Van Dyke Road
Warranty Deed
$1,152,000 · Mbank
—
—
Simon Shelby Township
—
Deed Of Trust
related
$1,059,000 · Mbank
—
—
Simon Shelby Township-51969 Va
—
Deed Of Trust
related
$1,370,000 · Mbank
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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