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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Office buildings
18028 Mack Ave, Grosse Pointe, MI 48230-6235
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1824923
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1958
Total area
2,766 SF
Lot
0.16 ac (6,970 SF)
Zoning code
R-01
APN
37 001 02 0568 000
UPID
US43-1824923
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
$625k
CAP Approach
CAP
$460k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$625k
Owner & transaction history
Mack Avenue Business Center LLC · 2 yrs held
Mack Avenue Business Center LLC
since 2024
Last sale
$625,155
2 recorded transactions
Zoning & alternative use
R-01 · Grosse Pointe, 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 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
$625,000
ML approach
$625,000
CAP Approach
CAP Return
Estimation
6%
$500,000
6.5%
$460,000
7%
$425,000
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $625k (Feb 6 2024)
Last sale anchor
$625k
Feb 6 2024
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
$226 / 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
$15,812
Tax year 2023
Assessed value
$280,200
Assessed 2024
Previous assessed
$258,200
+8.5% YoY
Effective rate
5.64%
On assessed value
Total market value
$560,400
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
1958
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
2,766 SF
Lot
0.16 ac (6,970 SF)
Zoning code
R-01
APN
37 001 02 0568 000
UPID
US43-1824923
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
R-01 · Grosse Pointe, MI
Zoning R-01 · permitted uses
R-01 · Grosse Pointe, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grosse Pointe. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1958
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Mack Avenue Business Center LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1068 BERKSHIRE RD, GROSSE POINTE PARK, MI 48230-1311
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2024
$625,155
Mack Avenue Business Center LLC
Ralph H Hoffman
Warranty Deed
—
Aug 25, 2004
—
Hoffman Prop Acquisitions LLC
Bauer,robert L & Lynn A
Warranty 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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