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Property profile & analytics
FOR SALE
Medical Office Space
11051 Hall Rd Utica, MI 48317-5735
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0234389
No photos on file
For Sale
Contact for pricing
11051 Hall Rd, Utica, MI 48317-5735
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2002
Total area
44,800 SF
Lot
2.54 ac (110,599 SF)
Zoning code
O-1
APN
11-07-34-455-007
UPID
US43-0234389
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
$4.38M
Blend (final)
Blend
$7.53M
Owner & transaction history
N Utica Center LLC · 1 yrs held
N Utica Center LLC
since 2025
3 recorded transactions
Zoning & alternative use
O-1 · Utica, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Office District
General category
COMMERCIAL
Zone area
4.30 ac
Source
Realmo
Top alternative use upside
Restaurant
$6.4M
+15.4%
Office building
$6.2M
+12.7%
Commercial (general)
$5.8M
+5.1%
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 Utica submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Utica 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
MEDICAL BUILDING
$5,500,000
Current use
RESTAURANT
$6,350,000
Change: +15% · Conversion: Difficult
OFFICE BUILDING
$6,200,000
Change: +13% · Conversion: Easy
COMMERCIAL (GENERAL)
$5,785,000
Change: +5% · Conversion: Easy
RETAIL STORES
$5,520,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$7.53M
Range $6.77M – $8.28M · ±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
$168 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$81,801
Tax year 2022
Assessed value
$2,000,100
Assessed 2023
Previous assessed
$1,936,700
+3.3% YoY
Effective rate
4.09%
On assessed value
Total market value
$4,000,200
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
MEDICAL BUILDING
Status
For Sale
Year built
2002
Heating
FORCED AIR
Stories
2
Total area
44,800 SF
Lot
2.54 ac (110,599 SF)
Zoning code
O-1
APN
11-07-34-455-007
UPID
US43-0234389
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
O-1 · Utica, MIZoning O-1 · permitted uses
O-1 · Utica, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Office District
General category
COMMERCIAL
Zone area
4.30 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$5.5M
RESTAURANT
Est. value
$6.4M
OFFICE BUILDING
Est. value
$6.2M
COMMERCIAL (GENERAL)
Est. value
$5.8M
RETAIL STORES
Est. value
$5.5M
MEDICAL BUILDING Current
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
2002
Heating
FORCED AIR
Stories
2
Lot
2.54 ac
Current owner
From public records · entity-resolved
N Utica Center LLC
Entity
Mailing address
35520 FORTON CT, CLINTON TOWNSHIP, MI 48035-5634
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2025
—
N Utica Center LLC
—
Deed
related
$7,497,750 · Lake Michigan Cu
—
—
Utica Center LLC
—
Deed Of Trust
related
$8,000,000 · Cantor Com'l R/e Lndg
—
—
Utica Center LLC
—
Deed Of Trust
related
$6,650,000 · Tcf National Bank
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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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