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Property profile & analytics
FOR SALE
Commercial real estate
70941 Van Dyke Rd Bruce Township, MI 48065
Trust Owned
7-yr Hold
Free & Clear
Property ID
US43-1491113
For Sale
1 / 9
$215,000
70941 Van Dyke Rd, Bruce Township, MI 48065
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Property summary
AI-generated overview
This 1,143 square foot storefront, located at 70941 Van Dyke Rd in Bruce Township, Macomb County, Michigan, presents a unique investment opportunity. Currently operating at 100% occupancy as a small event venue and gathering hall, this single-unit property offers ample seating, a kitchenette, and a private restroom. Built in 1961 and renovated in 2015, the building is classified as Class B and sits on a 0.087-acre lot zoned C-2. The property boasts a 12-foot ceiling height, 110/220 power, and ample parking for 50 vehicles. Its convenient location on the west side of Van Dyke Road, south of 33 Mile Road, ensures high visibility and accessibility. This owner/user investment opportunity is priced at $215,000. The property features one building, one story, and is a single-tenancy retail space. The property's address is 70941 Van Dyke Rd, Romeo, MI 48065. The APN is 14-01-34-203-006.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1961
Total area
44,438 SF
Lot
0.09 ac (3,790 SF)
Zoning code
C-2
APN
14-01-34-203-004
UPID
US43-1491113
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
-
The Romeo Space Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.47M
Blend (final)
Blend
$2.47M
Owner & transaction history
70941 Van Dyke Trust · 7 yrs held
70941 Van Dyke Trust
since 2019
6 recorded transactions
Zoning & alternative use
C-2 · Bruce Twp, 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 Bruce Township submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bruce 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$3,820,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$2.47M
Range $2.22M – $2.72M · ±10%
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
$56 / 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
$1,609
Tax year 2022
Assessed value
$39,000
Assessed 2023
Previous assessed
$36,300
+7.4% YoY
Effective rate
4.13%
On assessed value
Total market value
$78,000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1961
Heating
FORCED AIR
Stories
1
Total area
44,438 SF
Lot
0.09 ac (3,790 SF)
Zoning code
C-2
APN
14-01-34-203-004
UPID
US43-1491113
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
C-2 · Bruce Twp, MI
Zoning C-2 · permitted uses
C-2 · Bruce Twp, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bruce Twp. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$3.8M
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
1961
Heating
FORCED AIR
Stories
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
70941 Van Dyke Trust
Trust
Free & Clear · 7 yrs held
Mailing address
70941 VAN DYKE RD, BRUCE TWP, MI 48065-4448
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2019
—
70941 Van Dyke Trust
Doan,chau
Quit Claim Deed
related
—
Aug 17, 2015
—
Chau Doan
Smith Services & Co LLC
Quit Claim Deed
related
—
May 26, 2015
—
Smith Services & Co LLC
Doan Chau
Quit Claim Deed
related
—
Dec 6, 2013
$29,000
Chau Doan
Fifth Third Bk
Grant Deed
—
Feb 27, 2012
$452,800
Fifth Third Bk
Deputy Sheriff Of Macomb County
Trustees Deed
related
—
Sep 17, 2010
—
Vinisia Bahoura
Adams,george E & Isabelle
Grant Deed
related
—
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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