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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Grocery and convenience stores
680 8th Mile Rd Northville, MI 48167-2722
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1042296
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1977
Total area
3,157 SF
Lot
0.32 ac (13,939 SF)
Zoning code
LCD
APN
48-22-34-351-097
UPID
US43-1042296
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
-
Great Lakes Coffee Cafe & Coffee Shop
-
Honeycoin Bitcoin ATM Atm Crypto Atm
-
Sobeck Select (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
$525k
Comparable Approach
Comparable
$612k
Blend (final)
Blend
$510k
Owner & transaction history
Taft Joanne LLC · 4 yrs held
Taft Joanne LLC
since 2022
Last sale
$500,000
7 recorded transactions
Zoning & alternative use
LCD · Northville, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Local Commercial District is intended to provide for retail, office and service uses which are needed to serve nearby residential areas
Zone name
Local Commercial District
General category
COMMERCIAL
Zone area
4.09 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$555,000
+4.4%
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
$530,000
ML approach
$515,000
CAP Approach
CAP Return
Estimation
6%
$565,000
6.5%
$525,000
7%
$485,000
Alternative Use
Use
Estimation
RETAIL STORES
$535,000
Current use
COMMERCIAL (GENERAL)
$555,000
Change: +4% · Conversion: Easy
MEDICAL BUILDING
$500,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $500k (Apr 6 2022)
Last sale anchor
$500k
Apr 6 2022
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
$162 / 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
$12,088
Tax year 2023
Assessed value
$205,400
Assessed 2023
Previous assessed
$173,400
+18.5% YoY
Effective rate
5.89%
On assessed value
Assessed land
$41,600
Assessed improvement
$163,800
Land market value
$83,200
Improvement market value
$327,600
Total market value
$410,800
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
1977
Heating
FORCED AIR
Stories
1
Total area
3,157 SF
Lot
0.32 ac (13,939 SF)
Zoning code
LCD
APN
48-22-34-351-097
UPID
US43-1042296
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
LCD · Northville, MIZoning LCD · permitted uses
LCD · Northville, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Local Commercial District is intended to provide for retail, office and service uses which are needed to serve nearby residential areas
Zone name
Local Commercial District
General category
COMMERCIAL
Zone area
4.09 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$535,000
COMMERCIAL (GENERAL)
Est. value
$555,000
MEDICAL BUILDING
Est. value
$500,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
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
1977
Heating
FORCED AIR
Stories
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Taft Joanne LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1100 TIMBERLAKE DR, BLOOMFIELD HILLS, MI 48302-2850
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2022
$500,000
Taft Joanne LLC
Tinpan Property LLC
Warranty Deed
—
Mar 23, 2020
—
Tinpan Property LLC
—
Deed
related
$50,000 · Mein Street Bank
Jan 9, 2017
$475,000
Tinpan Property LLC
Taft 8 LLC
Warranty Deed
$491,000 · Legence Bank
Feb 15, 2007
—
Taft 8 LLC
John Elieff
Quit Claim Deed
related
$85,000 · Community Bank Of Dearborn
Aug 25, 1999
$320,000
Hanna & Sons Co
Shaoni,namat E & Feada
Grant Deed
—
May 20, 1999
$320,000
Hanna & Sons Co
Shaoni,namat E & Feada
Grant Deed
—
Mar 9, 1999
$347,500
John Elieff
Hanna & Sons Co
Grant 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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