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    Historic Office Building with Private Parking Title is generated by Realmo AI

    149 W Saint Clair Street, Romeo, MI 48065

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    Claim this Listing
    For Sale
    $399,000

    COMMERCIAL - Romeo, MI

    Property size:
    2,224 SF
    Lot size:
    0.12 Acres
    Price / SF:
    $179/SF
    Added:
    Mar 5, 2026
    Days on Market:
    93
    Last Refresh:
    Jun 6 at 4:06 am

    Property Features for 149 W Saint Clair Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Rooms
    Basement
    Parking features
    Parking Lot
    Patio and Porch features
    Patio
    Exterior features
    Deck/Patio, Wheelchair Access
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    28-04-02-102-003
    Size
    2,224 SF
    Lot size
    0.12 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Well

    Building Details

    Year built
    1856

    We can help!

    Listing Contact
    Kristine Plotinski

    Listing agent Kristine Plotinski License #6501412775

    Listing office Realty Executives Home Towne Romeo 138 S Main St, MI

    Listing date Mar 5, 2026

    MLS# 50200899

    Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Historic building built in 1856, completely renovated top to bottom within the last decade
    • More than 2,000 sq ft with 9 rooms, including a reception/lobby area and basement space
    • 1 full bath and 2 half baths
    • Private parking lot with 5 dedicated spaces plus handicap‑accessible ramp for entry
    • Wheelchair access and accessible approach with ramp
    • Forced‑air heat and central air cooling; well water source

    Overview

    This restored historic office building has been renovated from top to bottom within the last decade and offers a functional, flexible layout for professional use. The space includes a welcoming reception/lobby area, nine spacious rooms with abundant natural light, and a total of three restrooms consisting of one full bath and two half baths. An ADA-accessible ramp provides convenient entry to the building, complementing the property’s downtown-facing presence.

    Located at 149 W Saint Clair Street in Romeo, the building sits in the Central Business District. The property also includes a private parking lot with five dedicated spaces, supporting convenient access for employees and visitors.

    The interior configuration lends itself to a variety of office and service-oriented tenants seeking multiple rooms alongside a dedicated reception area. For buyers, the mix of renovated character, defined restroom amenities, and onsite parking can streamline occupancy plans. Whether you’re leasing individual rooms or operating as a single office, the building’s current layout is designed to accommodate everyday client traffic while maintaining an accessible path of entry.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Romeo
    County
    Macomb
    State
    Michigan
    Longitude
    -83.015443
    Latitude
    42.802295

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    FAQs

    What type of property is this?
    Office building - Restored historic office offers nine well-lit rooms, reception space, and five dedicated parking spaces with accessible entry.
    Where is this office building located?
    The property is located at 149 W Saint Clair Street Romeo, MI.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Historic building built in 1856, completely renovated top to bottom within the last decade; More than 2,000 sq ft with 9 rooms, including a reception/lobby area and basement space; 1 full bath and 2 half baths
    (586) 899-8578
    We can help!
    Listing Contact
    Kristine Plotinski
    Real Estate License ID: 6501412775
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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