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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Retail space
5223 Allen Rd, Allen Park, MI 48101-2971
Individually Owned
3-yr Hold
Free & Clear
Property ID
US43-1344230
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1953
Total area
5,640 SF
Lot
0.06 ac (2,614 SF)
Zoning code
C 4
APN
30 011 04 0007 002
UPID
US43-1344230
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
-
Moscheck's Meats & Produce Co Specialty Food Shop Butcher
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$820k
Comparable Approach
Comparable
$453k
Blend (final)
Blend
$650k
Owner & transaction history
Salam Slim · 3 yrs held
Salam Slim
since 2023
Last sale
$685,000
2 recorded transactions
Zoning & alternative use
C 4 · Allen Park, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$620,000
+29.3%
Restaurant
$585,000
+21.9%
Medical building
$530,000
+10.8%
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 Allen Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Allen Park 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
$795,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$890,000
6.5%
$820,000
7%
$765,000
Alternative Use
Use
Estimation
RETAIL STORES
$480,000
Current use
COMMERCIAL (GENERAL)
$620,000
Change: +29% · Conversion: Easy
RESTAURANT
$585,000
Change: +22% · Conversion: Easy
MEDICAL BUILDING
$530,000
Change: +11% · Conversion: Difficult
OFFICE BUILDING
$525,000
Change: +10% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$450,000
Change: -6% · Conversion: Moderate
AUTO REPAIR, GARAGE
$405,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $685k (Jan 16 2025)
Last sale anchor
$685k
Jan 16 2025
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
$115 / 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
$7,023
Tax year 2023
Assessed value
$192,500
Assessed 2024
Previous assessed
$182,700
+5.4% YoY
Effective rate
3.65%
On assessed value
Total market value
$385,000
Applied tax rate
82,045.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1953
Heating
FORCED AIR
Buildings
3
Stories
2
Total area
5,640 SF
Lot
0.06 ac (2,614 SF)
Zoning code
C 4
APN
30 011 04 0007 002
UPID
US43-1344230
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
C 4 · Allen Park, MI
Zoning C 4 · permitted uses
C 4 · Allen Park, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Allen Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$480,000
COMMERCIAL (GENERAL)
Est. value
$620,000
RESTAURANT
Est. value
$585,000
MEDICAL BUILDING
Est. value
$530,000
OFFICE BUILDING
Est. value
$525,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$450,000
AUTO REPAIR, GARAGE
Est. value
$405,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1953
Heating
FORCED AIR
Stories
2
Buildings
3
Lot
0.06 ac
Current owner
From public records · entity-resolved
Salam Slim
Individual
Free & Clear · 3 yrs held
Mailing address
5223 ALLEN RD, ALLEN PARK, MI 48101-2971
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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 21, 2023
—
Salam Slim
James W Moscheck
Land Contract
—
Jun 4, 2009
—
John A Moscheck
Doerfling,gail J
Quit Claim 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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