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Property profile & analytics
OFF-MARKET
Estimated value
$2,910,000
Outlet malls
22150 Coolidge Hwy, Oak Park, MI 48237-2813
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0896399
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1956
Total area
30,714 SF
Lot
2.47 ac (107,593 SF)
Zoning code
B-2
APN
52-25-32-101-004
UPID
US43-0896399
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
$1.87M
Blend (final)
Blend
$2.91M
Owner & transaction history
C & N Building LLC · 20 yrs held
C & N Building LLC
since 2006
6 recorded transactions
Zoning & alternative use
B-2 · Oak Park, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.8M
+32.1%
Restaurant
$2.8M
+32.1%
Industrial (general)
$2.5M
+19.5%
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 Oak Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oak Park 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
RETAIL STORES
$2,120,000
Current use
COMMERCIAL (GENERAL)
$2,805,000
Change: +32% · Conversion: Easy
RESTAURANT
$2,800,000
Change: +32% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,535,000
Change: +19% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,325,000
Change: +10% · Conversion: Moderate
MEDICAL BUILDING
$1,935,000
Change: -9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,860,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$2.91M
Range $2.62M – $3.20M · ±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
$95 / 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
$44,837
Tax year 2023
Assessed value
$729,100
Assessed 2023
Previous assessed
$729,100
+0.0% YoY
Effective rate
6.15%
On assessed value
Assessed land
$230,300
Assessed improvement
$498,800
Land market value
$460,600
Improvement market value
$997,600
Total market value
$1,458,200
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1956
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
30,714 SF
Lot
2.47 ac (107,593 SF)
Zoning code
B-2
APN
52-25-32-101-004
UPID
US43-0896399
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Oak Park, MI
Zoning B-2 · permitted uses
B-2 · Oak Park, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Oak Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$2.8M
RESTAURANT
Est. value
$2.8M
INDUSTRIAL (GENERAL)
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.9M
RETAIL STORES Current
COMMERCIAL (GENERAL)
RESTAURANT
INDUSTRIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1956
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
2.47 ac
Current owner
From public records · entity-resolved
C & N Building LLC
Entity
Mailing address
555 FRIENDLY ST, PONTIAC, MI 48341-2650
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2020
—
C & N Building LLC
—
Deed
related
$4,000,000 · Genisys Cu
Oct 15, 2019
—
C & N Building LLC
—
Deed
related
$950,000 · Genisys Cu
Mar 7, 2006
—
C & N Building LLC
P & P Real Estate Investment INC
Grant Deed
$5,280,000 · Fifth Third Bank
Aug 12, 1998
—
P Investment
—
Deed Of Trust
related
$4,500,000 · Sun Life Assurance Co Canada
—
—
C & N Building LLC
—
Deed Of Trust
related
$950,000 · Genisys Cu
—
—
C & N Building LLC
—
Deed Of Trust
related
$4,000,000 · Genisys Cu
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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