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Property profile & analytics
OFF-MARKET
Individual retail properties
20701 8th Mile Rd Saint Clair Shores, MI 48080-2204
Entity Owned
9-yr Hold
Free & Clear
Property ID
US43-1286545
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
1982
Total area
36,191 SF
Lot
3.86 ac (168,359 SF)
Zoning code
B-2
APN
09-14-33-378-002
UPID
US43-1286545
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
-
LA Fitness Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Vereit La St Clair Shrs Mi LLC · 9 yrs held
Vereit La St Clair Shrs Mi LLC
since 2016
3 recorded transactions
Zoning & alternative use
B-2 · Saint Clair Shores, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
mily Residential District. RM-1 Multiple-Family Residential District (Low-Rise). RM-2 Multiple-Family Residential District (High-Rise). O-1 Office-Service District. CR Commercial Recreation. B-1 Local Business District. B-2 Planned Community Business District. B-3 General Business District. CLD Central Lakefront Development District. LI Light Industrial Dist…
Zone name
Planned Community Business District
General category
COMMERCIAL
Zone area
40.63 ac
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 Saint Clair Shores submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saint Clair Shores 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$123,790
Tax year 2022
Assessed value
$3,494,000
Assessed 2023
Previous assessed
$3,181,100
+9.8% YoY
Effective rate
3.54%
On assessed value
Total market value
$6,988,000
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
1982
Heating
FORCED AIR
Stories
2
Total area
36,191 SF
Lot
3.86 ac (168,359 SF)
Zoning code
B-2
APN
09-14-33-378-002
UPID
US43-1286545
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Saint Clair Shores, MIZoning B-2 · permitted uses
B-2 · Saint Clair Shores, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
mily Residential District. RM-1 Multiple-Family Residential District (Low-Rise). RM-2 Multiple-Family Residential District (High-Rise). O-1 Office-Service District. CR Commercial Recreation. B-1 Local Business District. B-2 Planned Community Business District. B-3 General Business District. CLD Central Lakefront Development District. LI Light Industrial District. P-1 Vehicular Parking District. R-F Residential Facilities District. (Comp. O
Zone name
Planned Community Business District
General category
COMMERCIAL
Zone area
40.63 ac
Building & site characteristics
From public records
Year built
1982
Heating
FORCED AIR
Stories
2
Lot
3.86 ac
Current owner
From public records · entity-resolved
Vereit La St Clair Shrs Mi LLC
Entity
Free & Clear · 9 yrs held
Mailing address
3161 MICHELSON DR STE #600, IRVINE, CA 92612-4406
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2016
—
Vereit La St Clair Shrs Mi LLC
Fitness International LLC
Grant Deed
—
Jun 29, 2015
$3,800,000
Fitness International LLC
St Clair Shores Health Club
Grant Deed
—
Sep 2, 2004
—
Shrs Health Club Asso St. Clair
Economic Dev Corp Of City/st Clai
Quit Claim 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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