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Property profile & analytics
OFF-MARKET
Estimated value
$1,375,000
Office buildings
730 Penniman Ave, Plymouth, MI 48170-3770
Trust Owned
9-yr Hold
Free & Clear
Property ID
US43-1744675
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Total area
8,974 SF
Lot
0.22 ac (9,583 SF)
Zoning code
B-2
APN
49-006-24-0001-000
UPID
US43-1744675
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
-
Oliver Owens - UBS Financial Services Inc. Financial Advisor
-
UBS Financial Services Inc. Financial Advisor
-
Penniman Wealth & Institutional Consulting - UBS Financial Services Inc. Financial Advisor
-
Y. Jamie Mistry - UBS Financial Services Inc. Financial Advisor
-
The Fry Team - UBS Financial Services Inc. Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.37M
Blend (final)
Blend
$1.38M
Owner & transaction history
Simpson,karen E Trust · 9 yrs held
Simpson,karen E Trust
since 2017
5 recorded transactions
Zoning & alternative use
B-2 · Plymouth, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.1M
+135.1%
Commercial (general)
$985,000
+13.1%
Restaurant
$930,000
+6.6%
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 Plymouth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Plymouth 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
OFFICE BUILDING
$870,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,050,000
Change: +135% · Conversion: Easy
COMMERCIAL (GENERAL)
$985,000
Change: +13% · Conversion: Easy
RESTAURANT
$930,000
Change: +7% · Conversion: Moderate
MEDICAL BUILDING
$845,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$1.38M
Range $1.24M – $1.51M · ±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
$153 / 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
$39,345
Tax year 2023
Assessed value
$952,000
Assessed 2024
Previous assessed
$882,700
+7.9% YoY
Effective rate
4.13%
On assessed value
Total market value
$1,904,000
Applied tax rate
82,100.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2008
Heating
FORCED AIR
Stories
1
Total area
8,974 SF
Lot
0.22 ac (9,583 SF)
Zoning code
B-2
APN
49-006-24-0001-000
UPID
US43-1744675
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Plymouth, MI
Zoning B-2 · permitted uses
B-2 · Plymouth, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Plymouth. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$870,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$985,000
RESTAURANT
Est. value
$930,000
MEDICAL BUILDING
Est. value
$845,000
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RESTAURANT
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
2008
Heating
FORCED AIR
Stories
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Simpson,karen E Trust
Trust
Free & Clear · 9 yrs held
Mailing address
PO BOX 700625, PLYMOUTH, MI 48170-0951
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2017
—
Simpson,karen E Trust
Simpson,karen
Quit Claim Deed
related
—
Feb 6, 2013
—
Parkside Place LLC
Tortora,patrick A & Kimberly A
Quit Claim Deed
related
—
Dec 6, 2012
—
Parkside Place LLC
Tortora,patrick A & Kimberly
Quit Claim Deed
related
—
Sep 15, 2009
—
Patrick A Tortora
Parkside Group LLC
Warranty Deed
—
Mar 18, 2009
—
Parkside Group LLC
—
Trustees Deed
related
$4,613,090 · Fifth Third Bank
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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