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Property profile & analytics
OFF-MARKET
Estimated value
$235,000
Office buildings
20100 Mack Ave Grosse Pointe Woods, MI 48236-1895
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0902730
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Construction
FRAME
Total area
2,160 SF
Lot
0.14 ac (6,098 SF)
Zoning code
P-1
APN
40 012 05 0090 000
UPID
US43-0902730
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
by Request
Blend (final)
Blend
$235k
Owner & transaction history
Mack & Fairholme LLC · 3 yrs held
Mack & Fairholme LLC
since 2023
2 recorded transactions
Zoning & alternative use
P-1 · Grosse Pointe Woods, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The P1 vehicular parking district is intended to permit the establishment of areas to be used for off street vehicular parking of private cars, so as to serve business and commercial areas
Zone name
Vehicular Parking
General category
COMMERCIAL
Zone area
3.44 ac
Source
Realmo
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 Woods submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grosse Pointe Woods 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
Blend value · Realmo final
$235k
Range $212k – $259k · ±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
$109 / 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
$13,904
Tax year 2022
Assessed value
$220,500
Assessed 2024
Previous assessed
$216,500
+1.8% YoY
Effective rate
6.31%
On assessed value
Total market value
$441,000
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
1990
Construction
FRAME
Heating
FORCED AIR
Stories
2
Bathrooms
1
Total area
2,160 SF
Lot
0.14 ac (6,098 SF)
Zoning code
P-1
APN
40 012 05 0090 000
UPID
US43-0902730
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
P-1 · Grosse Pointe Woods, MIZoning P-1 · permitted uses
P-1 · Grosse Pointe Woods, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The P1 vehicular parking district is intended to permit the establishment of areas to be used for off street vehicular parking of private cars, so as to serve business and commercial areas
Zone name
Vehicular Parking
General category
COMMERCIAL
Zone area
3.44 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1990
Construction
FRAME
Heating
FORCED AIR
Stories
2
Bathrooms
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Mack & Fairholme LLC
Entity
Mailing address
20259 MACK AVE, GROSSE POINTE WOODS, MI 48236-1773
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
May 12, 2023
—
Mack & Fairholme LLC
Jeanette Rahi
Warranty Deed
$332,500 · Oxford Bank
Mar 23, 2023
—
Daher B Rahi
Daher B Rahi
Intrafamily Transfer
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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