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Property profile & analytics
OFF-MARKET
Estimated value
$1,950,000
Office buildings
16800 24th Mile Rd, Macomb, MI 48042-2990
Individually Owned
4-yr Hold
Free & Clear
Property ID
US43-0651656
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1997
Total area
21,287 SF
Lot
2.73 ac (118,919 SF)
Zoning code
R1
APN
20-08-17-100-043
UPID
US43-0651656
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
-
Mlynarek Gregory J Law Firm
-
Sikorski Mark DO Pediatrician Physician
-
Elite Digital Solutions Engineering Consultant
-
understanding marginal income tax brackets Consultant
-
Farmbrooke Family Practice Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.21M
Comparable Approach
Comparable
$2.40M
Blend (final)
Blend
$1.95M
Owner & transaction history
United States Small Business Admin · 4 yrs held
United States Small Business Admin
since 2022
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
R1 · Macomb, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.0M
+49.5%
Medical building
$2.6M
+29.6%
Retail stores
$2.2M
+10.0%
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
$1,900,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,305,000
6.5%
$1,205,000
7%
$1,115,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,020,000
Current use
RESTAURANT
$3,020,000
Change: +50% · Conversion: Moderate
MEDICAL BUILDING
$2,615,000
Change: +30% · Conversion: Easy
RETAIL STORES
$2,220,000
Change: +10% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,190,000
Change: +8% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,830,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$1.95M
Range $1.76M – $2.15M · ±10% · vs last sale $1.90M (Jan 20 2022)
Last sale anchor
$1.90M
Jan 20 2022
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
$92 / 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
$43,490
Tax year 2022
Assessed value
$1,077,100
Assessed 2023
Previous assessed
$1,033,900
+4.2% YoY
Effective rate
4.04%
On assessed value
Total market value
$2,154,200
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
Off-Market
Year built
1997
Heating
FORCED AIR
Stories
1
Total area
21,287 SF
Lot
2.73 ac (118,919 SF)
Zoning code
R1
APN
20-08-17-100-043
UPID
US43-0651656
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
R1 · Macomb, MI
Zoning R1 · permitted uses
R1 · 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
OFFICE BUILDING Current
Est. value
$2.0M
RESTAURANT
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.6M
RETAIL STORES
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$1.8M
OFFICE BUILDING Current
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1997
Heating
FORCED AIR
Stories
1
Lot
2.73 ac
Current owner
From public records · entity-resolved
United States Small Business Admin
Individual
Free & Clear · 4 yrs held
Mailing address
16800 24TH MILE RD STE #2, MACOMB, MI 48042-2990
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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
Mar 15, 2022
—
United States Small Business Admin
Michigan Certified Development Corp
Assignment Of Lease (leasehold Sale)
—
Mar 11, 2022
—
Elite Robotice LLC
B&s Properties 1 LLC
Assignment Of Lease (leasehold Sale)
—
Mar 8, 2022
—
B&s Properties I LLC
—
Deed
related
$783,000 · Michigan Certified Development Corporati
Jan 20, 2022
$1,900,000
B&s Properties 1 LLC
Clinton Macomb Public Library
Warranty Deed
$950,000 · Choiceone Bank
Jun 8, 2011
$1,400,000
Clinton Macomb Public Library
Ardent Service Corp
Grant Deed
—
Mar 23, 2011
—
Ardent Service Corp
First Place Bk
Quit Claim Deed
related
—
Mar 10, 2010
$1,712,000
First Place Bk
Sheriff Of Macomb County
Trustees Deed
related
—
—
—
H Investment
—
Deed Of Trust
related
$50,000 · Franklin Bank
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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