Property profile

124 Gates St Romeo, MI 48065

OFF-MARKET
Office buildings
Property ID
US43-0743445
6,323 SF 1.57 ac lot Built 1900
Entity Owned 16-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1900
Total area 6,323 SF
Lot 1.57 ac (68,389 SF)
Zoning code O-1
APN 14-01-35-151-036
UPID US43-0743445

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Foster Care Service Social Service Agency
  • Foster Care Service Social Service Agency
  • Physician
  • Foster Care Service Social Service Agency
  • Foster Care Service Social Service Agency

Location

124 Gates St Romeo, MI 48065
Romeo metro Census 206700 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$599k
Blend (final) Blend
$1.06M

Owner & transaction history

since 2010
3 recorded transactions
2016
Price N/A
2010
$960,000
1969
Price N/A

Zoning & alternative use

O-1 · Romeo, MI
Top alternative use upside
Restaurant $895,000 +49.5%
Medical building $775,000 +29.6%
Retail stores $660,000 +10.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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