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Property profile & analytics
OFF-MARKET
Estimated value
$8,335,000
Automotive properties
12300 30th Mile Rd, Washington, MI 48095-2031
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1061811
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2005
Total area
60,995 SF
Lot
19.75 ac (860,310 SF)
Zoning code
IND
APN
24-04-14-100-031
UPID
US43-1061811
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
-
Serra Buick Pontiac Gmc Llc Car Dealership
-
Serra Buick GMC Cadillac Car Dealership
-
Serra Cadillac Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.34M
Blend (final)
Blend
$8.34M
Owner & transaction history
Serra Works Of Romeo LLC · 5 yrs held
Serra Works Of Romeo LLC
since 2021
6 recorded transactions
Zoning & alternative use
IND · Washington, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.6M
+64.8%
Medical building
$7.5M
+42.8%
Retail stores
$6.4M
+21.3%
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 Washington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Washington 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
AUTO REPAIR, GARAGE
$5,245,000
Current use
RESTAURANT
$8,645,000
Change: +65% · Conversion: Difficult
MEDICAL BUILDING
$7,490,000
Change: +43% · Conversion: Difficult
RETAIL STORES
$6,365,000
Change: +21% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,270,000
Change: +20% · Conversion: Moderate
OFFICE BUILDING
$5,780,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$8.34M
Range $7.50M – $9.17M · ±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
$137 / 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
$150,915
Tax year 2022
Assessed value
$4,201,800
Assessed 2023
Previous assessed
$4,060,800
+3.5% YoY
Effective rate
3.59%
On assessed value
Total market value
$8,403,600
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2005
Heating
FORCED AIR
Stories
1
Total area
60,995 SF
Lot
19.75 ac (860,310 SF)
Zoning code
IND
APN
24-04-14-100-031
UPID
US43-1061811
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
IND · Washington, MI
Zoning IND · permitted uses
IND · Washington, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Washington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$5.2M
RESTAURANT
Est. value
$8.6M
MEDICAL BUILDING
Est. value
$7.5M
RETAIL STORES
Est. value
$6.4M
COMMERCIAL (GENERAL)
Est. value
$6.3M
OFFICE BUILDING
Est. value
$5.8M
AUTO REPAIR, GARAGE Current
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE 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
2005
Heating
FORCED AIR
Stories
1
Lot
19.75 ac
Current owner
From public records · entity-resolved
Serra Works Of Romeo LLC
Entity
Mailing address
102 W SILVER LK RD STE #300, FENTON, MI 48430-2847
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Feb 2, 2021
—
Serra Works Of Romeo LLC
—
Deed
related
$3,758,515 · The Huntington National Bank
May 12, 2017
—
Serra Works Of Romeo LLC
—
Deed
related
$1,834,246 · Huntington Nat'l Bk
Mar 16, 2017
—
Serra Works Of Romeo LLC
—
Deed
related
$2,095,589 · The Huntington National Bank
—
—
Serra Works Of Romeo LLC
—
Deed Of Trust
related
—
—
—
Serra Works Of Romeo LLC
—
Loan Modification
related
$2,684,262 · Citizens Federal Bank Fsb
—
—
Serra Works Of Romeo LLC
—
Loan Modification
related
$1,834,246 · Huntington Nat'l Bk
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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