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Property profile & analytics
OFF-MARKET
Estimated value
$1,215,000
Medical Office Space
211 Walnut Blvd, Rochester, MI 48307-2056
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-4658276
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1870
Total area
6,253 SF
Lot
0.21 ac (9,148 SF)
Zoning code
AI
APN
68-15-15-234-004
UPID
US43-4658276
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
-
Suburban Vein Center Medical Clinic Hospital
-
LaBranche Theresa @Front Door Medspa Spa & Massage Center Alternative Medicine Practice
-
Front Door Medspa Spa & Massage Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.43M
Blend (final)
Blend
$1.22M
Owner & transaction history
Z Square Real Estate LLC · 6 yrs held
Z Square Real Estate LLC
since 2019
7 recorded transactions
Zoning & alternative use
AI · Rochester, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.9M
+88.5%
Restaurant
$1.1M
+9.7%
Retail stores
$1.1M
+6.9%
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 Rochester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rochester 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
MEDICAL BUILDING
$985,000
Current use
COMMERCIAL (GENERAL)
$1,860,000
Change: +88% · Conversion: Easy
RESTAURANT
$1,080,000
Change: +10% · Conversion: Difficult
RETAIL STORES
$1,055,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$1.22M
Range $1.09M – $1.34M · ±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
$194 / 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
$38,788
Tax year 2023
Assessed value
$867,630
Assessed 2024
Previous assessed
$822,850
+5.4% YoY
Effective rate
4.47%
On assessed value
Total market value
$1,735,260
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
DENTAL BUILDING
Status
Off-Market
Year built
1870
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
6,253 SF
Lot
0.21 ac (9,148 SF)
Zoning code
AI
APN
68-15-15-234-004
UPID
US43-4658276
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
AI · Rochester, MI
Zoning AI · permitted uses
AI · Rochester, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rochester. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$985,000
COMMERCIAL (GENERAL)
Est. value
$1.9M
RESTAURANT
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
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
1870
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Z Square Real Estate LLC
Entity
Mailing address
4025 FAIRLANE DR, BLOOMFIELD HILLS, MI 48301-3126
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2019
$1,800,000
Z Square Real Estate LLC
Lilly Investments LLC
Warranty Deed
$360,000 · Horizon Bank
Oct 5, 2012
—
Lily Investments LLC
Louis E Leonor
Quit Claim Deed
related
$787,500 · Michigan State University FCU
Oct 24, 2011
$135,000
Louis E Leonor
Fifth Third Bk
Grant Deed
—
Jul 28, 2011
—
Fifth Third Bk
Federal Natl Mtg Assn Fnma
Quit Claim Deed
related
—
Aug 28, 2009
—
Federal Natl Mtg Assn Fnma
Fifth Third Mtg
Quit Claim Deed
—
Aug 18, 2009
$254,375
Fifth Third Mtg Co
Sheriff Of Oakland County
Trustees Deed
related
—
Jul 2, 2007
$75,000
Taj Graphics Ents LLC
Kattula,maria C
Quit Claim Deed
related
—
Feb 13, 2006
—
Maria Kattula
Atl Residential LLC
Warranty Deed
$315,000 · Fifth Third Mortgage Mi LLC
Feb 10, 2006
—
Maria Katulla
—
Trustees Deed
related
$50,000 · Atl Residential LLC
Nov 8, 2000
—
Atl Residential LLC
Solverson,john F & Barbara A
Grant Deed
$200,000 · Bank One Michigan
—
—
Maria Kattula
—
Deed Of Trust
related
$330,372 · Fifth Third Mortgage Co
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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