New search
Property profile & analytics
FOR LEASE
Office buildings
11111 Hall Rd, Utica, MI 48317
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US43-0176474
For Lease
1 / 12
$10 SF/Yr
11111 Hall Rd, Utica, MI 48317
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Total area
40,180 SF
Lot
1.03 ac (44,867 SF)
Zoning code
C-2
APN
11-07-34-456-009
UPID
US43-0176474
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
$4.41M
Blend (final)
Blend
$4.42M
Owner & transaction history
Bonaventure-macomb LLC · 11 yrs held
Bonaventure-macomb LLC
since 2015
7 recorded transactions
Zoning & alternative use
C-2 · Utica, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.7M
+2.5%
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
OFFICE BUILDING
$5,560,000
Current use
RESTAURANT
$5,695,000
Change: +2% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,190,000
Change: -7% · Conversion: Easy
RETAIL STORES
$4,955,000
Change: -11% · Conversion: Moderate
MEDICAL BUILDING
$4,935,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$4.42M
Range $3.97M – $4.86M · ±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
$110 / 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
$42,604
Tax year 2022
Assessed value
$1,389,600
Assessed 2023
Previous assessed
$1,373,900
+1.1% YoY
Effective rate
3.07%
On assessed value
Total market value
$2,779,200
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1989
Heating
FORCED AIR
Stories
4
Total area
40,180 SF
Lot
1.03 ac (44,867 SF)
Zoning code
C-2
APN
11-07-34-456-009
UPID
US43-0176474
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
C-2 · Utica, MI
Zoning C-2 · permitted uses
C-2 · Utica, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Utica. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$5.6M
RESTAURANT
Est. value
$5.7M
COMMERCIAL (GENERAL)
Est. value
$5.2M
RETAIL STORES
Est. value
$5.0M
MEDICAL BUILDING
Est. value
$4.9M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
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
1989
Heating
FORCED AIR
Stories
4
Lot
1.03 ac
Current owner
From public records · entity-resolved
Bonaventure-macomb LLC
Entity
Mailing address
11111 HALL RD, BLOOMFIELD HILLS, MI 48302
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2021
—
Bona Venture Macome LLC
—
Deed
related
$1,300,000 · American Family Insurance
Jun 6, 2018
—
Bonaventure-macomb LLC
—
Deed
related
$1,300,000 · Miscellaneous Ins Co
Aug 10, 2016
—
Bonaventure-macomb LLC
—
Deed
related
$1,150,000 · Privatebank & Tr
May 13, 2015
—
Bonaventure-macomb LLC
Suburban Ventures Ltd
Deed In Lieu Of Foreclosure
—
Apr 27, 2011
—
Suburban Ventures Limited
—
Deed Of Trust
related
$6,349,533 · Fifth Third Bank
—
—
Suburban Ventures Ltd
—
Deed Of Trust
related
$400,000 · Fifth Third Bank
—
—
Bonaventure-macomb LLC
—
Deed Of Trust
related
$1,150,000 · Privatebank & Tr
—
—
Bonaventure-macomb LLC
—
Deed Of Trust
related
$1,300,000 · Miscellaneous Ins Co
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
