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Property profile & analytics
FOR SALE
Medical Office Space
22708 Harper Ave, Saint Clair Shores, MI 48080
Entity Owned
4-yr Hold
Free & Clear
Property ID
US43-1248536
For Sale
1 / 3
$610,000
22708 Harper Ave, Saint Clair Shores, MI 48080
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1954
Total area
8,138 SF
Lot
0.16 ac (7,187 SF)
Zoning code
B-3
APN
09-14-33-231-006
UPID
US43-1248536
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
-
Maunda Snodgrass Physician Medical Clinic
-
Robert J. Karle, LMSW Foster Care Service Social Service Agency
-
Barbara J Henike MD Physician
-
Thomas M. Matthews, LLMSW Foster Care Service Social Service Agency
-
Frances C. Edwards, LLMSW Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$621k
Blend (final)
Blend
$610k
Owner & transaction history
Vmm Holdings LLC · 4 yrs held
Vmm Holdings LLC
since 2022
Last sale
$600,000
7 recorded transactions
Zoning & alternative use
B-3 · Saint Clair Shores, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Saint Clair Shores submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saint Clair Shores 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
$600,000
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
$1,000,000
Current use
COMMERCIAL (GENERAL)
$835,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$610k
Range $549k – $671k · ±10% · vs last sale $600k (Jan 11 2022)
Last sale anchor
$600k
Jan 11 2022
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
$75 / 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
$14,243
Tax year 2022
Assessed value
$264,900
Assessed 2023
Previous assessed
$266,000
-0.4% YoY
Effective rate
5.38%
On assessed value
Total market value
$529,800
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
MEDICAL BUILDING
Status
For Sale
Year built
1954
Heating
FORCED AIR
Stories
1
Total area
8,138 SF
Lot
0.16 ac (7,187 SF)
Zoning code
B-3
APN
09-14-33-231-006
UPID
US43-1248536
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Saint Clair Shores, MI
Zoning B-3 · permitted uses
B-3 · Saint Clair Shores, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Saint Clair Shores. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$835,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
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
1954
Heating
FORCED AIR
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Vmm Holdings LLC
Entity
Free & Clear · 4 yrs held
Mailing address
18330 MACK AVE, GROSSE POINTE FARMS, MI 48236-3219
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2022
—
Vmm Holdings LLC
James F Skoney
Quit Claim Deed
related
—
Nov 17, 2021
—
James F Skoney
Joseph A Skoney
Intrafamily Transfer
related
—
Nov 5, 2021
—
James F Skoney
Joseph A Skoney
Intrafamily Transfer
related
—
Nov 25, 2020
—
Garmo Property Management LLC
G & B Property Management LLC
Quit Claim Deed
related
$700,000 · The Farmers & Merchants State Bank
Feb 20, 2018
—
Garmo Batra Property Management LLC
—
Deed
related
$535,500 · First State Bank
Sep 7, 2016
$600,000
G & B Property Management LLC
22708-12 Harper LLC
Warranty Deed
—
Feb 26, 2008
—
22708-12 Harper LLC
Park West Associates
Warranty Deed
$400,000 · Level One Bank
—
—
22708-12 Harper LLC
—
Deed Of Trust
related
$500,000 · Bank One NA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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