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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Grocery and convenience stores
7130 Middlebelt Rd Romulus, MI 48174-2131
Individually Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-3856949
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1946
Total area
5,529 SF
Lot
0.28 ac (12,197 SF)
Zoning code
R1B-S.F
APN
80 044 01 0013 304
UPID
US43-3856949
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
by Request
Comparable Approach
Comparable
$681k
Blend (final)
Blend
$680k
Owner & transaction history
Firstmerit Bk NA · 12 yrs held
Firstmerit Bk NA
since 2013
Last sale
$18,971
4 recorded transactions
Zoning & alternative use
R1B-S.F · Romulus, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$675,000
+52.9%
Medical building
$520,000
+18.4%
Office building
$485,000
+10.3%
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 Romulus submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Romulus 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
NEIGHBORHOOD: SHOPPING CENTER
$440,000
Current use
COMMERCIAL (GENERAL)
$675,000
Change: +53% · Conversion: Easy
MEDICAL BUILDING
$520,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$485,000
Change: +10% · Conversion: Moderate
RETAIL STORES
$455,000
Change: +3% · Conversion: Easy
RESTAURANT
$425,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$680k
Range $612k – $748k · ±10% · vs last sale $19k (Sep 30 2024)
Last sale anchor
$19k
Sep 30 2024
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
$123 / 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
$11,454
Tax year 2023
Assessed value
$172,900
Assessed 2024
Previous assessed
$157,500
+9.8% YoY
Effective rate
6.62%
On assessed value
Total market value
$345,800
Applied tax rate
82,130.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1946
Heating
FORCED AIR
Stories
1
Total area
5,529 SF
Lot
0.28 ac (12,197 SF)
Zoning code
R1B-S.F
APN
80 044 01 0013 304
UPID
US43-3856949
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
R1B-S.F · Romulus, MIZoning R1B-S.F · permitted uses
R1B-S.F · Romulus, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$440,000
COMMERCIAL (GENERAL)
Est. value
$675,000
MEDICAL BUILDING
Est. value
$520,000
OFFICE BUILDING
Est. value
$485,000
RETAIL STORES
Est. value
$455,000
RESTAURANT
Est. value
$425,000
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
RESTAURANT
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
1946
Heating
FORCED AIR
Stories
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Firstmerit Bk NA
Individual
Free & Clear · 12 yrs held
Mailing address
6221 S MIDDLEBELT RD, ROMULUS, MI 48174-4209
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2013
$231,576
Firstmerit Bk NA
Deputy Sheriff Of Wayne County|value Properties Ll
Trustees Deed
related
—
Mar 26, 2007
$18,971
Yono Brothers Supermarket
Treasurer Of Wayne County
Grant Deed
—
Jan 31, 2007
$400,000
Value Properties LLC
7 Js INC
Warranty Deed
—
Jan 31, 2007
—
7 Js INC
Yono,george & Salwa
Quit Claim 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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