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Property profile & analytics
OFF-MARKET
Estimated value
$245,000
Office buildings
17888 Mack Ave Grosse Pointe, MI 48230-6234
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0085322
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1959
Total area
5,127 SF
Lot
0.23 ac (10,019 SF)
Zoning code
C-1
APN
37 001 06 0126 000
UPID
US43-0085322
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
$521k
Blend (final)
Blend
$245k
Owner & transaction history
17888 Mack Ave LLC · 4 yrs held
17888 Mack Ave LLC
since 2022
3 recorded transactions
Zoning & alternative use
C-1 · Grosse Pointe, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
DIVISION 7. - C-1 LOCAL BUSINESS DISTRICT Sec. 90-281. - Statement of purpose. The local business district (C-1) intends to encourage a vibrant mix of office, commercial, and residential uses within easy walking or biking distance of residential neighborhoods. Pedestrian-oriented development standards and flexible parking strategies are provided to decrease…
Zone name
Local Business
General category
COMMERCIAL
Zone area
1.45 ac
Source
code of ordinances
Top alternative use upside
Commercial (general)
$470,000
+48.1%
Restaurant
$470,000
+48.0%
Neighborhood: shopping center
$390,000
+22.9%
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 Grosse Pointe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grosse Pointe 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
OFFICE BUILDING
$315,000
Current use
COMMERCIAL (GENERAL)
$470,000
Change: +48% · Conversion: Easy
RESTAURANT
$470,000
Change: +48% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$390,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$355,000
Change: +12% · Conversion: Moderate
MEDICAL BUILDING
$325,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$245k
Range $221k – $270k · ±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
$48 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$18,196
Tax year 2023
Assessed value
$276,300
Assessed 2024
Previous assessed
$255,000
+8.4% YoY
Effective rate
6.59%
On assessed value
Total market value
$552,600
Applied tax rate
82,055.0000
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
1959
Heating
FORCED AIR
Stories
1
Total area
5,127 SF
Lot
0.23 ac (10,019 SF)
Zoning code
C-1
APN
37 001 06 0126 000
UPID
US43-0085322
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
C-1 · Grosse Pointe, MIZoning C-1 · permitted uses
C-1 · Grosse Pointe, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
DIVISION 7. - C-1 LOCAL BUSINESS DISTRICT Sec. 90-281. - Statement of purpose. The local business district (C-1) intends to encourage a vibrant mix of office, commercial, and residential uses within easy walking or biking distance of residential neighborhoods. Pedestrian-oriented development standards and flexible parking strategies are provided to decrease parking demand in the district and provide for easy access to sites through other modes of transportation. (Code 1980, § 5.139; Ord. No. 445, § VI, 5-17-21)
Zone name
Local Business
General category
COMMERCIAL
Zone area
1.45 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$315,000
COMMERCIAL (GENERAL)
Est. value
$470,000
RESTAURANT
Est. value
$470,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$390,000
RETAIL STORES
Est. value
$355,000
MEDICAL BUILDING
Est. value
$325,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
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
1959
Heating
FORCED AIR
Stories
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
17888 Mack Ave LLC
Entity
Mailing address
77 STEPHENS RD, GROSSE POINTE FARMS, MI 48236-3624
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2022
—
17888 Mack Ave LLC
Clark Street Properties INC
Warranty Deed
$316,000 · The Farmers & Merchants State Bank
Feb 9, 2007
$17,693
Clark Street Properties
Treasurer Of Wayne County
Grant Deed
—
—
—
Clark Street Properties INC
—
Deed Of Trust
related
$350,000 · Access Bidco LLC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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