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Property profile & analytics
FOR LEASE
Commercial land
16984 25 Mile Rd Macomb, MI 48042
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US43-1387736
For Lease
1 / 4
$25 SF/Yr
16984 25 Mile Rd, Macomb, MI 48042
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Property summary
AI-generated overview
This exceptional Class A commercial property, located at 16984 25 Mile Rd, Macomb, MI 48042 (cross streets: 25 Mile and Romeo Plank), offers 6,000 square feet of versatile space ideal for medical offices or other commercial uses. Built in 2023, this single-story building sits on a 0.918-acre lot and features four individual suites, each with a minimum divisible space of 1,500 square feet. The entire 6,000 square feet is currently vacant and available for lease. The property boasts ample parking with 38 spaces. No elevators are present. The zoning is C-1/O-1, making it suitable for a variety of businesses. Site plans are available upon request. This is a rare opportunity to secure new construction space in a highly desirable Macomb County location. The property's APN is 20-08-08-101-045. This is a single building with multiple tenancy options.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.38 ac (16,683 SF)
Zoning code
O1
APN
20-08-08-101-045
UPID
US43-1387736
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
Joseph Ruggirello · 12 yrs held
Joseph Ruggirello
since 2013
2 recorded transactions
Zoning & alternative use
O1 · 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
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 2022Property tax & assessments
Tax year 2022
Tax billed
$1,518
Tax year 2022
Assessed value
$45,100
Assessed 2023
Previous assessed
$45,100
+0.0% YoY
Effective rate
3.37%
On assessed value
Total market value
$90,200
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Lease
Heating
NONE
Lot
0.38 ac (16,683 SF)
Zoning code
O1
APN
20-08-08-101-045
UPID
US43-1387736
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
O1 · Macomb, MI
Zoning O1 · permitted uses
O1 · 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.
Building & site characteristics
From public records
Heating
NONE
Lot
0.38 ac
Current owner
From public records · entity-resolved
Joseph Ruggirello
Individual
Mailing address
20762 WOLF DR, MACOMB, MI 48044-2125
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2013
$125,000
Joseph Ruggirello
John A Ferguson
Warranty Deed
$100,000 · Jpmorgan Chase Bank NA
Oct 10, 2013
—
Ferguson,john A & Joan C Trust
Ferguson S L Living Trust
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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