Property profile

21840 23rd Mile Rd Macomb, MI 48042

OFF-MARKET
Commercial real estate
Property ID
US43-1090682
63,782 SF 7.22 ac lot Built 2005
Entity Owned 14-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2005
Total area 63,782 SF
Lot 7.22 ac (314,503 SF)
Zoning code C2
APN 20-08-23-100-029
UPID US43-1090682

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Pediatrician Medical Clinic
  • Medical Clinic
  • Medical Clinic
  • Medical Clinic
  • Pediatrician Medical Clinic

Location

21840 23rd Mile Rd Macomb, MI 48042-4422
Macomb metro Census 223401 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.25M
Blend (final) Blend
$6.25M

Owner & transaction history

since 2011
6 recorded transactions
2018
Price N/A
2011
Price N/A
2004
$1.5M
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C2 · Macomb, MI
Top alternative use upside
Restaurant $9.0M +37.9%
Medical building $7.8M +19.5%
Retail stores $6.7M +1.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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