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Property profile & analytics
FOR LEASE
Medical Office Space
19900 Haggerty Rd, Livonia, MI 48152
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0723082
For Lease
1 / 23
$7,815,000
19900 Haggerty Rd, Livonia, MI 48152
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1987
Total area
45,945 SF
Lot
5 ac (217,800 SF)
APN
46 022 99 0004 002
UPID
US43-0723082
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
-
Radiology at Livonia Center for Specialty Care Medical Clinic
-
Vein Center at Livonia Center for Specialty Care Medical Clinic
-
University of Michigan Livonia Center for Specialty Care Hospital
-
Center For Facial Cosmetic Surgery Medical Clinic
-
Baker Shan R MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.82M
CAP Approach
CAP
$7.45M
Comparable Approach
Comparable
$6.19M
Blend (final)
Blend
$7.82M
Owner & transaction history
Vpu Livonia LLC · 1 yrs held
Vpu Livonia LLC
since 2024
Last sale
$7.8M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$10.5M
+142.5%
Office building
$6.5M
+50.3%
Restaurant
$4.8M
+10.0%
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 Livonia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Livonia 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
$7,815,000
ML approach
$7,815,000
CAP Approach
CAP Return
Estimation
6%
$8,065,000
6.5%
$7,445,000
7%
$6,910,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$10,490,000
Change: +142% · Conversion: Moderate
OFFICE BUILDING
$6,505,000
Change: +50% · Conversion: Easy
RESTAURANT
$4,760,000
Change: +10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,745,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$7.82M
Range $7.03M – $8.60M · ±10% · vs last sale $7.82M (Aug 5 2024)
Last sale anchor
$7.82M
Aug 5 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
$170 / 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
$198,319
Tax year 2023
Assessed value
$3,926,600
Assessed 2024
Previous assessed
$3,478,700
+12.9% YoY
Effective rate
5.05%
On assessed value
Total market value
$7,853,200
Applied tax rate
82,095.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1987
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
45,945 SF
Lot
5 ac (217,800 SF)
APN
46 022 99 0004 002
UPID
US43-0723082
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.5M
OFFICE BUILDING
Est. value
$6.5M
RESTAURANT
Est. value
$4.8M
COMMERCIAL (GENERAL)
Est. value
$4.7M
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RESTAURANT
COMMERCIAL (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
1987
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
5 ac
Current owner
From public records · entity-resolved
Vpu Livonia LLC
Entity
Mailing address
901 MARQUETTE AVE STE #3300, MINNEAPOLIS, MN 55402-3248
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
Aug 5, 2024
$7,815,914
Vpu Livonia LLC
Doc 19900 Haggerty Road Mob LLC
Deed
$418,388,594 · Doc Dr LLC
Jun 29, 2015
—
Doc-19900 Haggerty Road Mob Ll
Horizon Health Center LP
Warranty Deed
—
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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