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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Grocery and convenience stores
69475 Romeo Plank Rd, Armada, MI 48005-4029
Entity Owned
2-yr Hold
Free & Clear
Property ID
US43-1465703
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1994
Total area
4,200 SF
Lot
15.03 ac (654,794 SF)
Zoning code
RI
APN
13-02-31-400-035
UPID
US43-1465703
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$480k
Comparable Approach
Comparable
$487k
Blend (final)
Blend
$760k
Owner & transaction history
Frontiers Farm Market LLC · 2 yrs held
Frontiers Farm Market LLC
since 2023
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
RI · Armada, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$515,000
+17.7%
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 Armada submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Armada 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
$1,060,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$515,000
6.5%
$480,000
7%
$445,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$515,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$760k
Range $684k – $836k · ±10% · vs last sale $1.02M (Aug 3 2023)
Last sale anchor
$1.02M
Aug 3 2023
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
$181 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$3,803
Tax year 2022
Assessed value
$171,100
Assessed 2023
Previous assessed
$171,100
+0.0% YoY
Effective rate
2.22%
On assessed value
Total market value
$342,200
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
1994
Heating
FORCED AIR
Stories
1
Total area
4,200 SF
Lot
15.03 ac (654,794 SF)
Zoning code
RI
APN
13-02-31-400-035
UPID
US43-1465703
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
RI · Armada, MI
Zoning RI · permitted uses
RI · Armada, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Armada. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$515,000
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
1994
Heating
FORCED AIR
Stories
1
Lot
15.03 ac
Current owner
From public records · entity-resolved
Frontiers Farm Market LLC
Entity
Free & Clear · 2 yrs held
Mailing address
69475 ROMEO PLANK RD, ARMADA, MI 48005-4029
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2023
$1,020,780
Frontiers Farm Market LLC
Donald M Vanhoutte
Warranty Deed
—
Mar 22, 2019
—
Donald M Vanhoutte
Vanhoutte,donald M & Janet M
Quit Claim Deed
related
—
Jul 27, 2018
—
Donald V Houtte
—
Deed
related
$226,012 · Commodity Cr
May 2, 2017
—
Donald M Vanhoutte
—
Deed
related
$200,000 · Lakestone Bk&tr
Jun 18, 2015
—
Vanhoutte,dorothy L Trust
Vanhoutte Dorothy L
Quit Claim Deed
related
—
May 8, 2015
—
Donald M Vanhoutte
Vanhoutte Donald M & Janet
Quit Claim Deed
related
—
May 21, 2014
—
Albert G Vanhoutte
Harrell,alberta H
Warranty Deed
—
—
—
Donald M Vanhoutte
—
Deed Of Trust
related
$200,000 · Lakestone Bk&tr
—
—
Donald V Houtte
—
Deed Of Trust
related
$226,012 · Commodity Cr
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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