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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
55052 Van Dyke Ave Shelby Township, MI 48316-5300
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US43-5175689
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1999
Total area
2,048 SF
Lot
0.89 ac (38,551 SF)
Zoning code
C-2
APN
23-07-03-351-011
UPID
US43-5175689
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
-
bp Car Wash
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
Shelby Corner Ents LLC · 20 yrs held
Shelby Corner Ents LLC
since 2006
5 recorded transactions
Zoning & alternative use
C-2 · Shelby Township, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The C-2, General Business Commercial District is intended primarily for uses emphasizing community shopping needs for the citizens of Shelby Township that are of a higher intensity than those found in a traditional downtown.
Zone name
General Business Commercial
General category
COMMERCIAL
Zone area
240.17 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 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
$8,756
Tax year 2022
Assessed value
$345,700
Assessed 2023
Previous assessed
$285,700
+21.0% YoY
Effective rate
2.53%
On assessed value
Total market value
$691,400
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
1999
Heating
FORCED AIR
Stories
1
Total area
2,048 SF
Lot
0.89 ac (38,551 SF)
Zoning code
C-2
APN
23-07-03-351-011
UPID
US43-5175689
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
C-2 · Shelby Township, MIZoning C-2 · permitted uses
C-2 · Shelby Township, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The C-2, General Business Commercial District is intended primarily for uses emphasizing community shopping needs for the citizens of Shelby Township that are of a higher intensity than those found in a traditional downtown.
Zone name
General Business Commercial
General category
COMMERCIAL
Zone area
240.17 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1999
Heating
FORCED AIR
Stories
1
Lot
0.89 ac
Current owner
From public records · entity-resolved
Shelby Corner Ents LLC
Entity
Mailing address
55052 VAN DYKE AVE, SHELBY TOWNSHIP, MI 48316-5300
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2006
$1,650,000
Shelby Corner Ents LLC
Gappy,tofiq A
Warranty Deed
$1,350,000 · Flagstar Bank Fsb
Jan 3, 2006
—
Tofiq A Gappy
25 & Van Dyke Holding LLC
Quit Claim Deed
related
—
—
—
Shelby Corner Ents LLC
—
Deed Of Trust
related
$200,000 · Tofiq A Gappy
—
—
25 & Van Dyke Holding LLC
—
Deed Of Trust
related
$309,000 · Peoples State Bank
—
—
Shelby Fuel Corp
—
Deed Of Trust
related
$165,000 · Armada Oil & Gas Co
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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