Entity Owned Property summary
AI-generated overview
Exceptional investment opportunity: a fee-simple, 10,704 square-foot CVS Pharmacy in Grosse Ile Township, Michigan. This Class B, single-tenant net-lease property boasts a strong 6.25% cap rate and a substantial net operating income (NOI) of $149,856. Built in 2004, the property sits on a 0.75-acre lot with 30 parking spaces and features a 100% occupancy rate with a remaining lease term of 3.4 years. The property benefits from rent bumps and is situated in a highly desirable, affluent area known for its country clubs and marinas. The location offers a high barrier to entry due to strict zoning regulations, contributing to potential property appreciation. This is a rare opportunity to acquire a well-performing asset in a prime location with zero competition, priced below replacement cost. The property is zoned MSD and has a long history of pharmacy operation at this location. This NNN investment offers a secure and profitable addition to any portfolio. The asking price is $2,397,696.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2004
Total area
10,965 SF
Lot
0.75 ac (32,670 SF)
Zoning code
MSD
APN
73 029 01 0037 301
UPID
US43-1472763
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.36M
Blend (final)
Blend
$560k
Owner & transaction history
since 2015
2 recorded transactions
Zoning & alternative use
MSD · Grosse Ile, MI
Top alternative use upside
Commercial (general)
$1.2M
+44.2%
Restaurant
$1.1M
+36.0%
Office building
$1.1M
+27.5%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$560k
Value range
$504k – $616k
±10% around blend
Estimated value / SF
$51 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$504k
blend $560k
$616k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
10,965 SF
Lot area
0.75 ac
Year built
2004
Stories
2
APN
73 029 01 0037 301
Zoning
MSD
Assessed value
$696,100
Annual tax
$34,416
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.36M
Range $385k – $1.36M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$560k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 1022 sales
$76
-33%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $51/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+44%
vs current-use indication
Restaurant
Office Building
Medical Building
Neighborhood: Shopping Center
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$696k
Move the market yield to see immediate price impact.
Value / SF
$63
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$44k
$877k
$626k
$487k
$49k
$975k
$696k
$541k
$54k
$1.07M
$766k
$596k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$34,416
Tax year 2023
Assessed value
$696,100
Assessed 2024
Previous assessed
$666,600
+4.4% YoY
Effective rate
4.94%
On assessed value
Total market value
$1,392,200
Applied tax rate
82,300.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2004
Heating
FORCED AIR
Cooling
YES
Stories
2
Bathrooms
1
Total area
10,965 SF
Lot
0.75 ac (32,670 SF)
Zoning code
MSD
APN
73 029 01 0037 301
UPID
US43-1472763
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
MSD · Grosse Ile, MIZoning MSD · permitted uses
MSD · Grosse Ile, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.75 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
MSD
Jurisdiction
Grosse Ile, MI
Recorded code
MSD
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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