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    20749 Hall Rd Macomb, MI 48044-4231
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    Property profile & analytics

    20749 Hall Rd, Macomb, MI 48044-4231

    View on Map
    • Retail residential properties
    • 9,402 SF
    • 1.46 lot acres
    Off-Market
    Property ID
    US43-1110784
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,590,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Arby's / Restaurant / Take-out & Catering

    Property Details for 20749 Hall Rd

    Year built
    2006
    Lot size
    1.46 lot acres
    Zone code
    C2
    Property type
    Retail residential properties
    APN
    20-08-34-351-003
    APU
    200834351003

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 18, 2018 — International Prop Of Michigan — Deed · related $2.5M · Genisys Cu
    Jun 12, 2013 — International Properties Of Mi — Trustees Deed · related $150k · Bank Of Mi
    Jan 31, 2013 $1,500,000 International Properties Of Mi Global Commerical Invs M-59 Warranty Deed $1.2M · Bank Of Mi
    Sep 19, 2005 — Tri-59 LLC Condo Management INC Quit Claim Deed —
    — — Global Commercial Invs M-59 — Deed Of Trust · related $2M · Fifth Third Bank
    — — Global Commercial Investments — Deed Of Trust · related $2M · Fifth Third Bank
    — — International Prop Of Michigan — Deed Of Trust · related $2.5M · Genisys Cu

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,591,000
      Market price range: $522k - $1.59M
      AI Estimate
      $1,591,000
      Market price range: $522k - $1.59M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $965,000
      Current use
      RESTAURANT
      $1,335,000
      Change: +38% Conversion: Difficult
      MEDICAL BUILDING
      $1,155,000
      Change: +19% Conversion: Easy
      RETAIL STORES
      $980,000
      Change: +1% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Macomb
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9145
    Latitude
    42.6306
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $28,238
    $0.00
    $0.00
    $711,200
    -
    $0.00
    $0.00
    $1,422,400

    Comparable in this City

    • Value Estimation by Request
      5.81 Acres

      18377 Hall Rd

      STORES & APARTMENTS
      18377 Hall Rd, Macomb, MI 48044-4229
      View Details
    • Value Estimation
      $2,430,000
      14,350 SF

      21475 21st Mile Rd

      STORES & APARTMENTS
      21475 21st Mile Rd, Macomb, MI 48044-2963
      View Details
    • Value Estimation
      $3,535,000
      32,351 SF

      48806 Hayes Rd

      STORES & APARTMENTS
      48806 Hayes Rd, Macomb, MI 48044-1954
      View Details
    • Value Estimation
      $2,765,000
      49,774 SF

      15959 Hall Rd

      STORES & APARTMENTS
      15959 Hall Rd, Macomb, MI 48044-5363
      View Details
    • Value Estimation by Request
      1.26 Acres

      18333 Hall Rd

      STORES & APARTMENTS
      18333 Hall Rd, Macomb, MI 48044-4229
      View Details
    • Value Estimation
      $2,905,000
      43,857 SF

      15611 Hall Rd

      STORES & APARTMENTS
      15611 Hall Rd, Macomb, MI 48044-3890
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Development Land in Prime Location

      5.22 acre site primed for new commercial development.
      Hall Rd, Macomb Township, MI 48044
      View Details
    • Contact for pricing

      Land in Hall Road Corridor

      Commercial land with scenic views and easy retail access.
      45400 Romeo Plank Rd, Macomb, MI 48044
      View Details
    • $4,900,000

      Macomb Township Professional Office Building

      High-end office building with expansion potential in Macomb Township.
      45200 Card Rd Rd, Macomb, MI 48044
      View Details
    • Contact for pricing

      Specialty Retail Center For Sale

      Specialty retail center in prominent M-59/Hall Road retail corridor.
      18349 Hall Rd, Macomb Township, MI 48044
      View Details
    • Contact for pricing

      Macomb Commercial Land For Sale

      Prime location commercial land available in Macomb, Michigan.
      50601 Executive Dr, Macomb, MI 48044
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Retail Anchor Opportunity

      Rare anchor position on Hall Road retail corridor for lease.
      45300 Hayes Rd, Macomb, MI 48044
      View Details
    • $18 SF/Yr

      Macomb Township Office Space Available

      Office spaces available from 1,221 to 15,000 SF for rent.
      45200 Card Rd, Macomb, MI 48044
      View Details
    • Contact for pricing

      Office Space on Romeo Plank

      General office space available with monument signage.
      46600 Romeo Plank Rd, Macomb, MI 48044
      View Details
    • Contact for pricing
      1,697 SF

      Retail Space on Hall Road

      Retail space available in Macomb Township near major retailers.
      20801 Hall Rd, Macomb Township, MI 48044
      View Details
    • $18 SF/Yr
      31,800 SF

      Tilch Square Retail Space

      Macomb, MI Shopping Center Opportunity
      0 Nwc Of Hall Rd & Tilch Rd, Macomb, MI 48044
      View Details
    • Contact for pricing

      Retail Space in High-Traffic Area

      Retail space in a dominant Metro Detroit retail corridor.
      15619 Hall Rd, Macomb, MI 48044
      View Details
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    Macomb, MI 48044-4231
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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