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Property profile & analytics
OFF-MARKET
Office buildings
15301 9th Mile Rd Oak Park, MI 48237-2514
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1523755
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1955
Total area
1,927 SF
Lot
0.39 ac (16,814 SF)
Zoning code
O
APN
52-25-31-102-039
UPID
US43-1523755
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Step By Step Physical Therapy LLC · 2 yrs held
Step By Step Physical Therapy LLC
since 2024
Last sale
$165,000
6 recorded transactions
Zoning & alternative use
O · Oak Park, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
y residential dwelling district R-2 Two-family residential dwelling district RM-1 Multi-family residential district RM-2 Multi-family residential district B-1 Neighborhood business district B-2 General business district O Office building district PTRED Planned technical, research, education development district PCD Planned corridor development district MX-1…
Zone name
Office Building
General category
UNKNOWN
Zone area
8.40 ac
Source
code of ordinances
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 Oak Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oak Park 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$9,913
Tax year 2023
Assessed value
$61,800
Assessed 2023
Previous assessed
$61,800
+0.0% YoY
Effective rate
16.04%
On assessed value
Assessed land
$18,900
Assessed improvement
$42,900
Land market value
$37,800
Improvement market value
$85,800
Total market value
$123,600
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1955
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
1,927 SF
Lot
0.39 ac (16,814 SF)
Zoning code
O
APN
52-25-31-102-039
UPID
US43-1523755
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
O · Oak Park, MIZoning O · permitted uses
O · Oak Park, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
y residential dwelling district R-2 Two-family residential dwelling district RM-1 Multi-family residential district RM-2 Multi-family residential district B-1 Neighborhood business district B-2 General business district O Office building district PTRED Planned technical, research, education development district PCD Planned corridor development district MX-1 Mixed-use district MX-2 City Center Mixed-use LI Light industrial district IF Ind
Zone name
Office Building
General category
UNKNOWN
Zone area
8.40 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1955
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
Step By Step Physical Therapy LLC
Entity
Free & Clear · 2 yrs held
Mailing address
28935 SOUTHFIELD RD, LATHRUP VILLAGE, MI 48076-2720
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Apr 2, 2024
$165,000
Step By Step Physical Therapy LLC
Costin Dragnea
Warranty Deed
—
Jun 3, 2019
$85,000
Costin Dragnea
Chemical Bk
Grant Deed
—
Nov 30, 2018
$5,075
Chemical Bk
Deputy Sheriff Of Oakland County|peteet Realty Co
Trustees Deed
related
—
Nov 28, 2018
$60,075
Chemical Bk
Deputy Sheriff / Oakland Cnty|peteet Realty Co
Trustees Deed
related
—
Dec 16, 2009
—
Peteet Realty Co
City Of Oak Park
Grant Deed
$134,213 · Michigan Commerce Bank
Jan 25, 2008
—
Realty Peteet
First World Realty Corp
Quit Claim Deed
related
—
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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