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Property profile & analytics
FOR LEASE
Medical Office Space
111 Griswold St, Northville, MI 48167
Entity Owned
Free & Clear
Property ID
US43-1638146
For Lease
1 / 30
$3,950/Mo
111 Griswold St, Northville, MI 48167
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1957
Total area
1,128 SF
Lot
0.09 ac (3,920 SF)
Zoning code
CBD
APN
48 001 04 0718 011
UPID
US43-1638146
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
-
Robert Paulen & Associates Physician
-
Paulen Medical Clinic
-
Public beach Family Recreation Center
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
111 Griswold LLC
111 Griswold LLC
since 2025
Last sale
$300,000
6 recorded transactions
Zoning & alternative use
CBD · Northville, 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 Northville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Northville 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
$8,324
Tax year 2023
Assessed value
$137,000
Assessed 2024
Previous assessed
$131,700
+4.0% YoY
Effective rate
6.08%
On assessed value
Total market value
$274,000
Applied tax rate
82,390.0000
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
Medical Office Space
Use group
DENTAL BUILDING
Status
For Lease
Year built
1957
Heating
FORCED AIR
Stories
1
Rooms
2
Bathrooms
1
Total area
1,128 SF
Lot
0.09 ac (3,920 SF)
Zoning code
CBD
APN
48 001 04 0718 011
UPID
US43-1638146
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
CBD · Northville, MI
Zoning CBD · permitted uses
CBD · Northville, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Northville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1957
Heating
FORCED AIR
Stories
1
Rooms
2
Bathrooms
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
111 Griswold LLC
Entity
Free & Clear · 0 yrs held
Mailing address
111 GRISWOLD ST, NORTHVILLE, MI 48167-1664
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Nov 18, 2025
—
111 Griswold LLC
Martab Holdings LLC
Deed
—
Jul 13, 2022
$300,000
Martin E Testasecca
Frances E Dougher
Warranty Deed
—
Jul 13, 2022
—
Martin E Testasecca
Martin E Testasecca
Intrafamily Transfer
related
—
Dec 3, 2021
—
Robert L Paulen
Robert L Paulen
Intrafamily Transfer
related
—
Mar 23, 2016
—
Robert L Paulen
Frederick,priscilla P
Quit Claim Deed
related
—
Jun 25, 2009
—
Priscilla P Frederick
Paulen,robert L
Quit Claim Deed
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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