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Property profile & analytics
FOR LEASE
Office buildings
22537 Hall Rd, Macomb, MI 48042
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US43-5277118
For Lease
$24 SF/Yr
22537 Hall Rd, Macomb, MI 48042
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Total area
6,988 SF
Lot
0.86 ac (37,462 SF)
Zoning code
C1
APN
20-08-35-454-012
UPID
US43-5277118
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
-
Opal Dental Group Dental Office
-
Caldwell Real Estate Real Estate Agency
-
Angela Levitan Realtor Coldwell Banker Weir Manuel Real Estate Agency
-
Umair Waheed Dental Office
-
Dr. Irum Waheed Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$931k
Blend (final)
Blend
$930k
Owner & transaction history
Pantelli Properties LLC · 20 yrs held
Pantelli Properties LLC
since 2005
3 recorded transactions
Zoning & alternative use
C1 · Macomb, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$990,000
+49.5%
Medical building
$860,000
+29.6%
Retail stores
$730,000
+10.0%
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 Macomb submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Macomb 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
OFFICE BUILDING
$660,000
Current use
RESTAURANT
$990,000
Change: +50% · Conversion: Moderate
MEDICAL BUILDING
$860,000
Change: +30% · Conversion: Easy
RETAIL STORES
$730,000
Change: +10% · Conversion: Moderate
COMMERCIAL (GENERAL)
$720,000
Change: +8% · Conversion: Easy
AUTO REPAIR, GARAGE
$600,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±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
$133 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$19,074
Tax year 2022
Assessed value
$458,800
Assessed 2023
Previous assessed
$450,000
+2.0% YoY
Effective rate
4.16%
On assessed value
Total market value
$917,600
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2004
Heating
FORCED AIR
Stories
1
Total area
6,988 SF
Lot
0.86 ac (37,462 SF)
Zoning code
C1
APN
20-08-35-454-012
UPID
US43-5277118
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
C1 · Macomb, MI
Zoning C1 · permitted uses
C1 · Macomb, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Macomb. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$660,000
RESTAURANT
Est. value
$990,000
MEDICAL BUILDING
Est. value
$860,000
RETAIL STORES
Est. value
$730,000
COMMERCIAL (GENERAL)
Est. value
$720,000
AUTO REPAIR, GARAGE
Est. value
$600,000
OFFICE BUILDING Current
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
2004
Heating
FORCED AIR
Stories
1
Lot
0.86 ac
Current owner
From public records · entity-resolved
Pantelli Properties LLC
Entity
Mailing address
372 EVALINE DR, TROY, MI 48085-5508
Ownership since
2005
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
Aug 14, 2017
—
Pantelli Properties LLC
—
Deed
related
$708,000 · The Huntington National Bank
Nov 16, 2005
$1,400,000
Pantelli Properties LLC
Rcm Properties LLC
Warranty Deed
$1,120,000 · Lasalle Bank Midwest NA
—
—
Pantelli Properties LLC
—
Deed Of Trust
related
$1,000,000 · Bank Of Birmingham
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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