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Property profile & analytics
OFF-MARKET
Estimated value
$1,135,000
Office buildings
19132 Huron Riv Dr, New Boston, MI 48164-9185
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US43-0998798
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1925
Total area
17,883 SF
Lot
1.4 ac (60,984 SF)
Zoning code
B1 LOCA
APN
75 025 01 0063 302
UPID
US43-0998798
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
-
Dr. Hania Alkudmani Dental Office
-
Escape The Beast Haunted House
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$1.14M
Owner & transaction history
Gregory K Hubbard · 6 yrs held
Gregory K Hubbard
since 2019
7 recorded transactions
Zoning & alternative use
B1 LOCA · New Boston, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.7M
+7.3%
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 New Boston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Boston 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
$1,570,000
Current use
MEDICAL BUILDING
$1,685,000
Change: +7% · Conversion: Easy
RETAIL STORES
$1,470,000
Change: -6% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,425,000
Change: -9% · Conversion: Difficult
RESTAURANT
$1,380,000
Change: -12% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,280,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.14M
Range $1.02M – $1.25M · ±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
$63 / 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
$8,723
Tax year 2023
Assessed value
$191,300
Assessed 2024
Previous assessed
$173,100
+10.5% YoY
Effective rate
4.56%
On assessed value
Total market value
$382,600
Applied tax rate
82,340.0000
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
1925
Heating
FORCED AIR
Buildings
3
Stories
2
Total area
17,883 SF
Lot
1.4 ac (60,984 SF)
Zoning code
B1 LOCA
APN
75 025 01 0063 302
UPID
US43-0998798
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
B1 LOCA · New Boston, MI
Zoning B1 LOCA · permitted uses
B1 LOCA · New Boston, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Boston. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.7M
RETAIL STORES
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
RESTAURANT
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.3M
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
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
1925
Heating
FORCED AIR
Stories
2
Buildings
3
Lot
1.4 ac
Current owner
From public records · entity-resolved
Gregory K Hubbard
Individual
Mailing address
19132 HURON RIV DR, NEW BOSTON, MI 48164-9185
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2019
—
Gregory K Hubbard
Gregory K Hubbard
Quit Claim Deed
related
—
Mar 11, 2019
—
Gregory Hubbard
Hubbard,gregory
Quit Claim Deed
related
—
Nov 14, 2018
$135,000
Gregory Hubbard
N & H Real Estate LLC
Warranty Deed
—
Jul 11, 2016
—
Gregory Hubbard
N & H Real Estate LLC
Quit Claim Deed
—
Apr 29, 2013
—
N & H Real Estate LLC
Bazzi,hussein K
Quit Claim Deed
related
—
Nov 16, 2012
$71,600
Hussein K Bazzi
Treasurer Of Charter Cnty/wayne M
Quit Claim Deed
related
—
Sep 13, 2012
—
Treasurer Of Wayne County
Owner Name Unavailable
Tax Deed
related
—
May 30, 2007
$19,717
Aubrey L Simons
Treasurer Of Wayne County
Grant Deed
—
Mar 28, 2007
—
Aubrey L Simons
Cerni,otto JR & Kathleen
Quit Claim Deed
related
—
—
—
Huron Dental Properties LLC
—
Deed Of Trust
related
$640,000 · Fifth Third 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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