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Property profile & analytics
OFF-MARKET
Estimated value
$1,270,000
Drug stores
8916 Tireman St Detroit, MI 48204-3110
Entity Owned
Absentee Owner
Free & Clear
Property ID
US43-4232395
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
1994
Total area
10,880 SF
Lot
0.83 ac (36,155 SF)
Zoning code
R2
APN
18015820-31
UPID
US43-4232395
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
$1.23M
Blend (final)
Blend
$1.27M
Owner & transaction history
ASMAR PROPERTIES LLC
ASMAR PROPERTIES LLC
Zoning & alternative use
R2 · Detroit, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
of this Code. (Code 1984, § 61-7-1; Ord. No. 11-05, § 1(61-7-1), eff. 5-28-2005) Sec. 50-7-2. - Residential Districts. Residential districts within the City are as follows: (1) R1 Single-Family Residential District. (2) R2 Two-Family Residential District. (3) R3 Low Density Residential District. (4) R4 Thoroughfare Residential District. (5) R5 Medium Density…
Zone name
Two Family Residential District
General category
RESIDENTIAL
Zone area
13,815.83 ac
Source
code of ordinances
Top alternative use upside
Commercial (general)
$995,000
+32.1%
Restaurant
$995,000
+32.1%
Neighborhood: shopping center
$825,000
+9.7%
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
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
COMMERCIAL (GENERAL)
$995,000
Change: +32% · Conversion: Easy
RESTAURANT
$995,000
Change: +32% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$825,000
Change: +10% · Conversion: Moderate
Blend value · Realmo final
$1.27M
Range $1.14M – $1.40M · ±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
$117 / 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
$28,201
Tax year 2020
Assessed value
$369,000
Assessed 2024
Previous assessed
$378,600
-2.5% YoY
Effective rate
7.64%
On assessed value
Total market value
$738,000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
1994
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
10,880 SF
Lot
0.83 ac (36,155 SF)
Zoning code
R2
APN
18015820-31
UPID
US43-4232395
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
R2 · Detroit, MIZoning R2 · permitted uses
R2 · Detroit, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
of this Code. (Code 1984, § 61-7-1; Ord. No. 11-05, § 1(61-7-1), eff. 5-28-2005) Sec. 50-7-2. - Residential Districts. Residential districts within the City are as follows: (1) R1 Single-Family Residential District. (2) R2 Two-Family Residential District. (3) R3 Low Density Residential District. (4) R4 Thoroughfare Residential District. (5) R5 Medium Density Residential District. (6) R6 High Density Residential District. (Code 1984, § 61-
Zone name
Two Family Residential District
General category
RESIDENTIAL
Zone area
13,815.83 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$995,000
RESTAURANT
Est. value
$995,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$825,000
COMMERCIAL (GENERAL)
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
1994
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.83 ac
Current owner
From public records · entity-resolved
ASMAR PROPERTIES LLC
Entity
Free & Clear · 0 yrs held
Mailing address
31000 NORTHWESTERN HWY STE #200, FARMINGTON HILLS, MI 48334-2586
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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