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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Grocery and convenience stores
8258 Michigan Ave Detroit, MI 48210-2147
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US43-0037469
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1969
Total area
1,980 SF
Lot
0.36 ac (15,682 SF)
Zoning code
B4
APN
20004702-7
UPID
US43-0037469
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
-
CHAPP AND BUSHELY Gas Station
-
Sunoco Gas Station Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$400k
Comparable Approach
Comparable
$509k
Blend (final)
Blend
$625k
Owner & transaction history
8258 Michigan Ave LLC · 4 yrs held
8258 Michigan Ave LLC
since 2022
Last sale
$752,527
7 recorded transactions
Zoning & alternative use
B4 · Detroit, 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 Detroit submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Detroit 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
$835,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$435,000
6.5%
$400,000
7%
$375,000
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $753k (Mar 2 2022)
Last sale anchor
$753k
Mar 2 2022
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
$316 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$11,141
Tax year 2020
Assessed value
$202,900
Assessed 2024
Previous assessed
$184,600
+9.9% YoY
Effective rate
5.49%
On assessed value
Total market value
$405,800
Applied tax rate
82,010.0000
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
1969
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
1,980 SF
Lot
0.36 ac (15,682 SF)
Zoning code
B4
APN
20004702-7
UPID
US43-0037469
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
B4 · Detroit, MI
Zoning B4 · permitted uses
B4 · Detroit, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Detroit. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1969
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
8258 Michigan Ave LLC
Entity
Mailing address
8258 MICHIGAN AVE, DETROIT, MI 48210-2147
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2024
—
8258 Michigan Ave LLC
—
Deed
related
$700,000 · Horizon Bank
Mar 2, 2022
—
8258 Michigan Ave LLC
Aft Investments LLC
Quit Claim Deed
related
—
Aug 5, 2011
$752,527
Aft Investments LLC
Deputy Sheriff Of Wayne County
Trustees Deed
related
—
May 4, 2004
$700,000
Ultimate S Michigan Lonyo
Sunoco
Warranty Deed
—
—
—
Aft Investments LLC
—
Deed Of Trust
related
—
—
—
Aft Investments LLC
—
Deed Of Trust
related
$700,000 · Majid Koza
—
—
Aft Investments LLC
—
Deed Of Trust
related
$400,000 · Northwestern Energy Invs LLC
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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