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Property profile & analytics
OFF-MARKET
Estimated value
$980,000
Grocery and convenience stores
9015 Telegraph Rd Carleton, MI 48117-9321
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US43-1123521
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2005
Total area
13,500 SF
Lot
2.34 ac (101,887 SF)
APN
01-034-029-00
UPID
US43-1123521
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
-
Simon Z Pizza Take-out & Catering
-
bp Gas Station
-
Mobil Gas Station
-
Simon Z Market Grocery & Convenience Store Food Market
-
MoneyGram Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$978k
Blend (final)
Blend
$980k
Owner & transaction history
Simon Z LLC · 11 yrs held
Simon Z LLC
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+20.6%
Restaurant
$1.1M
+5.4%
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 Carleton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carleton 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
RETAIL STORES
$1,020,000
Current use
OFFICE BUILDING
$1,235,000
Change: +21% · Conversion: Easy
RESTAURANT
$1,080,000
Change: +5% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,020,000
Change: 0% · Conversion: Easy
AUTO REPAIR, GARAGE
$880,000
Change: -14% · Conversion: Difficult
WAREHOUSE, STORAGE
$835,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$980k
Range $882k – $1.08M · ±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
$73 / 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
$14,989
Tax year 2023
Assessed value
$483,900
Assessed 2023
Previous assessed
$483,900
+0.0% YoY
Effective rate
3.10%
On assessed value
Total market value
$967,800
Applied tax rate
1.0000
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
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2005
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
13,500 SF
Lot
2.34 ac (101,887 SF)
APN
01-034-029-00
UPID
US43-1123521
Jurisdiction
MONROE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.0M
OFFICE BUILDING
Est. value
$1.2M
RESTAURANT
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$880,000
WAREHOUSE, STORAGE
Est. value
$835,000
RETAIL STORES Current
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
2005
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.34 ac
Current owner
From public records · entity-resolved
Simon Z LLC
Entity
Mailing address
41392 MARKSWAY CT, STERLING HEIGHTS, MI 48314-3887
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2020
—
Simon Z LLC
—
Deed
related
—
Oct 15, 2014
$660,100
Simon Z LLC
Barrick Properties 40 LLC
Grant Deed
$986,161 · Sara Z LLC
Mar 7, 2014
$800,000
Simon Z LLC
Kundal Dham LLC
Dual Purpose Document
$445,582 · Kundal Dham LLC
Mar 5, 2014
—
Simon Z LLC
Kundal Dham LLC
Quit Claim Deed
related
—
Jan 13, 2012
$660,000
Barrick Properties 40 LLC
Midport Party Store INC
Quit Claim Deed
related
$21,034,123 · Kundal Dham LLC
Jan 13, 2012
—
Kundal Dham LLC
Barrick Properties 40 LLC
Grant Deed
related
$21,034,123 · Comerica Bank
Jan 12, 2012
$660,000
Barrick Properties 40 LLC
Smith,steven E
Deed Of Trust
related
$21,034,123 · Comerica Bank
Jul 11, 2011
—
Midport Party Store INC
Qassis,nabih & Juliet
Quit Claim Deed
related
—
—
—
Kundhal Dham LLC
—
Deed Of Trust
related
—
—
—
Simon Z LLC
—
Deed Of Trust
related
—
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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