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Property profile & analytics
OFF-MARKET
Bars & Pubs
972 Dix Hwy, Lincoln Park, MI 48146-1257
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-5232676
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1945
Total area
6,448 SF
Lot
0.23 ac (10,019 SF)
APN
45 004 03 0193 001
UPID
US43-5232676
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
-
SPD100 Visa Consultant
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
Mugan Music Group LLC · 3 yrs held
Mugan Music Group LLC
since 2022
Last sale
$220,000
7 recorded transactions
Zoning & alternative use
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 Lincoln Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lincoln Park 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 2019Property tax & assessments
Tax year 2019
Tax billed
$7,978
Tax year 2019
Assessed value
$131,800
Assessed 2024
Previous assessed
$126,000
+4.6% YoY
Effective rate
6.05%
On assessed value
Total market value
$263,600
Applied tax rate
82,090.0000
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1945
Heating
FORCED AIR
Buildings
1
Stories
1
Bathrooms
2
Total area
6,448 SF
Lot
0.23 ac (10,019 SF)
APN
45 004 03 0193 001
UPID
US43-5232676
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1945
Heating
FORCED AIR
Stories
1
Buildings
1
Bathrooms
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Mugan Music Group LLC
Entity
Mailing address
2016 GRINDLEY PARK ST, DEARBORN, MI 48124-2537
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2022
$220,000
Mugan Music Group LLC
Rebeca Macias
Warranty Deed
$250,000 · Michigan First Cu
Feb 2, 2021
$220,000
Summit Financial LLC
Guadalupe Maclas
Land Contract
$170,000 · Not Available
Dec 21, 2018
—
Charles Camilleri
Charles & Co Land Holdings LLC
Quit Claim Deed
related
—
Dec 21, 2018
$115,000
Guadalupe Macias
Camilleri,charles
Quit Claim Deed
related
—
Jul 12, 2018
—
Charles &e Co Land Holdings LLC
Espi LLC
Quit Claim Deed
related
—
Sep 11, 2014
—
Espi LLC
Castlerock Holdings LLC
Quit Claim Deed
related
—
Jun 23, 2014
—
Castle Rock Holdings LLC
Camilleri,charles W
Quit Claim Deed
related
—
Nov 14, 2013
$32,600
Charles W Camilleri
Treasurer Of Charter Cnty/wayne M
Quit Claim Deed
related
—
Sep 19, 2013
—
Treasurer Of Wayne County
Owner Name Unavailable
Tax Deed
related
—
Sep 27, 2007
$125,000
All Purpose Management LLC
Stapleton,bobby C
Warranty Deed
—
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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