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Property profile & analytics
OFF-MARKET
Estimated value
$2,765,000
Retail residential properties
15959 Hall Rd Macomb, MI 48044-5363
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1087576
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2006
Total area
49,774 SF
Lot
6.81 ac (296,644 SF)
Zoning code
O2
APN
20-08-31-451-001
UPID
US43-1087576
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
-
Michigan Heart Group – Macomb Hospital
-
Wayne and Joan Webber Imaging center Medical Clinic
-
Corewell Health Beaumont Troy Hospital Rehabilitation - 15979 Hall Rd Medical Clinic
-
Dr. Renato G. Albaran, MD Physician
-
Beaumont Sleep Services - Macomb Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.77M
Blend (final)
Blend
$2.77M
Owner & transaction history
North Macomb Pob Investments I LLC · 2 yrs held
North Macomb Pob Investments I LLC
since 2023
4 recorded transactions
Zoning & alternative use
O2 · Macomb, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Macomb submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Macomb 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
$4,280,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$2.77M
Range $2.49M – $3.04M · ±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
$56 / 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
$45,717
Tax year 2022
Assessed value
$953,400
Assessed 2023
Previous assessed
$953,400
+0.0% YoY
Effective rate
4.80%
On assessed value
Total market value
$1,906,800
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
2006
Heating
FORCED AIR
Stories
4
Total area
49,774 SF
Lot
6.81 ac (296,644 SF)
Zoning code
O2
APN
20-08-31-451-001
UPID
US43-1087576
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
O2 · Macomb, MI
Zoning O2 · permitted uses
O2 · Macomb, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Macomb. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$4.3M
AUTO REPAIR, GARAGE
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
2006
Heating
FORCED AIR
Stories
4
Lot
6.81 ac
Current owner
From public records · entity-resolved
North Macomb Pob Investments I LLC
Entity
Mailing address
6471 W METROPOLITAN PKWY, STERLING HEIGHTS, MI 48312-1027
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2023
—
North Macomb Pob Investments I LLC
William Beaumont Hospital
Ground Lease
related
—
Jun 10, 2005
—
North Macomb Pob Invs I LLC
—
Trustees Deed
related
$12,400,000 · Fifth Third Bank
Oct 25, 2004
—
William Beaumont Hospital
—
Deed Of Trust
related
$22,000,000 · Wells Fargo Bank Northwest NA
—
—
Macomb Pob Investments I North
—
Deed Of Trust
related
$11,000,000 · Barclays Bank Plc
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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