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Property profile & analytics
OFF-MARKET
Turn key restaurants
8575 Macomb St, Grosse Ile, MI 48138-1511
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US43-1132539
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1959
Total area
4,250 SF
Lot
0.75 ac (32,670 SF)
Zoning code
MSD
APN
73 027 02 0101 009
UPID
US43-1132539
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Pericles E Tsipis · 4 yrs held
Pericles E Tsipis
since 2022
6 recorded transactions
Zoning & alternative use
MSD · Grosse Ile, 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 Grosse Ile submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grosse Ile 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$10,760
Tax year 2023
Assessed value
$196,600
Assessed 2024
Previous assessed
$169,500
+16.0% YoY
Effective rate
5.47%
On assessed value
Total market value
$393,200
Applied tax rate
82,300.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1959
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
4,250 SF
Lot
0.75 ac (32,670 SF)
Zoning code
MSD
APN
73 027 02 0101 009
UPID
US43-1132539
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
MSD · Grosse Ile, MI
Zoning MSD · permitted uses
MSD · Grosse Ile, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grosse Ile. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1959
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.75 ac
Current owner
From public records · entity-resolved
Pericles E Tsipis
Individual
Mailing address
8575 MACOMB ST, GROSSE ILE, MI 48138-1511
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2023
—
Yianna P Tsipis
—
Deed
related
$149,000 · The Huntington National Bank
Mar 16, 2022
—
Pericles E Tsipis
Pericles E Tsipis
Intrafamily Transfer
related
—
Dec 13, 2019
—
Pericles E Tsipis
—
Deed
related
$140,000 · Mpd LLC
Mar 19, 2007
—
Pericles E Tsipis
Tsipis,dinos E & Carolyn
Quit Claim Deed
related
—
—
—
Perry Tsipis
—
Deed Of Trust
related
$179,886 · Firstval 1 Ltd
—
—
Pericles E Tsipis
—
Deed Of Trust
related
$140,000 · Mpd 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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