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Property profile & analytics
FOR LEASE
Office buildings
191 North Ave, Mount Clemens, MI 48043
Entity Owned
19-yr Hold
Free & Clear
Property ID
US43-0050039
For Lease
1 / 9
$540,000
191 North Ave, Mount Clemens, MI 48043
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Total area
8,030 SF
Lot
0.55 ac (23,784 SF)
Zoning code
MU
APN
05-11-11-401-017
UPID
US43-0050039
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
$540k
Blend (final)
Blend
$540k
Owner & transaction history
191 North Avenue LLC · 19 yrs held
191 North Avenue LLC
since 2007
4 recorded transactions
Zoning & alternative use
MU · Mount Clemens, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$825,000
+74.2%
Retail stores
$700,000
+48.1%
Auto repair, garage
$690,000
+45.7%
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 Mount Clemens submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Clemens 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
$475,000
Current use
COMMERCIAL (GENERAL)
$825,000
Change: +74% · Conversion: Easy
RETAIL STORES
$700,000
Change: +48% · Conversion: Moderate
AUTO REPAIR, GARAGE
$690,000
Change: +46% · Conversion: Difficult
WAREHOUSE, STORAGE
$540,000
Change: +14% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$525,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$67 / 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
$19,592
Tax year 2022
Assessed value
$357,500
Assessed 2023
Previous assessed
$329,300
+8.6% YoY
Effective rate
5.48%
On assessed value
Total market value
$715,000
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
For Lease
Year built
1970
Heating
FORCED AIR
Stories
2
Total area
8,030 SF
Lot
0.55 ac (23,784 SF)
Zoning code
MU
APN
05-11-11-401-017
UPID
US43-0050039
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
MU · Mount Clemens, MI
Zoning MU · permitted uses
MU · Mount Clemens, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mount Clemens. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$475,000
COMMERCIAL (GENERAL)
Est. value
$825,000
RETAIL STORES
Est. value
$700,000
AUTO REPAIR, GARAGE
Est. value
$690,000
WAREHOUSE, STORAGE
Est. value
$540,000
INDUSTRIAL (GENERAL)
Est. value
$525,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
1970
Heating
FORCED AIR
Stories
2
Lot
0.55 ac
Current owner
From public records · entity-resolved
191 North Avenue LLC
Entity
Free & Clear · 19 yrs held
Mailing address
191 NN AVE, MOUNT CLEMENS, MI 48043-9703
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
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
Mar 15, 2007
$550,000
191 North Avenue LLC
Cairns,william G & Florence M
Warranty Deed
—
Dec 16, 2005
—
William G Cairns
C & S Management
Quit Claim Deed
—
—
—
191 North Avenue LLC
—
Deed Of Trust
related
$340,000 · Comerica Bank
—
—
191 North Avenue LLC
—
Deed Of Trust
related
$500,000 · Grange 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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