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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Grocery and convenience stores
7139 Wayne Rd Westland, MI 48185-2172
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0106244
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2003
Total area
1,330 SF
Lot
0.34 ac (14,810 SF)
APN
56 034 01 0001 004
UPID
US43-0106244
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 Gas Station
-
Warren Bp Gas Station
-
sho’s Spot Restaurant
-
RockItCoin Bitcoin ATM Atm
-
Cash2Bitcoin Bitcoin ATM @ Warren BP - Westland, MI Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$660k
Owner & transaction history
Wayne & Warren Property LLC · 11 yrs held
Wayne & Warren Property LLC
since 2015
7 recorded transactions
Zoning & alternative use
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 Westland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westland 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
Blend value · Realmo final
$660k
Range $594k – $726k · ±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
$496 / 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
$13,853
Tax year 2023
Assessed value
$331,600
Assessed 2024
Previous assessed
$300,000
+10.5% YoY
Effective rate
4.18%
On assessed value
Total market value
$663,200
Applied tax rate
82,160.0000
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
2003
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
7
Bathrooms
3
Total area
1,330 SF
Lot
0.34 ac (14,810 SF)
APN
56 034 01 0001 004
UPID
US43-0106244
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2003
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
7
Bathrooms
3
Lot
0.34 ac
Current owner
From public records · entity-resolved
Wayne & Warren Property LLC
Entity
Mailing address
6931 BARRIE ST, DEARBORN, MI 48126-1773
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2020
—
Wayne & Warren Property LLC
—
Deed
related
$320,392 · Bank Of Ann Arbor
Feb 19, 2015
$650,000
Wayne & Warren Property LLC
Northside Investment LLC
Warranty Deed
—
Nov 14, 2013
$550,000
Northside Investment LLC
Armada Oil & Gas Co
Warranty Deed
—
Nov 11, 2008
—
Armada Oil & Gas Co
7139 Wayne LLC
Grant Deed
related
$76,000,000 · Comerica Bank
Dec 4, 2007
$1,000,000
7139 Wayne LLC
Comerica Bank
Grant Deed
—
Jan 19, 2006
—
Ladam Properties LLC
G & S Dev INC
Grant Deed
$1,032,000 · Comerica Bank
Jun 2, 2005
—
Ladam Properties LLC
G & S Dev INC
Warranty Deed
$490,000 · Fifth Third Bank
—
—
Wayne & Warren Property LLC
—
Loan Modification
related
$320,392 · Bank Of Ann Arbor
—
—
Majed Tawbe
—
Deed Of Trust
related
$500,000 · Farouk Harajli
—
—
Ladam Property LLC
—
Deed Of Trust
related
$500,000 · G&s Development
—
—
Ladam Property LLC
—
Deed Of Trust
related
$5,971,400 · Comerica Bank
—
—
Mira Mart INC
—
Deed Of Trust
related
$120,000 · 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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