Entity Owned Property summary
AI-generated overview
Park Lane Plaza, located at 23111 21 Mile Rd in Macomb, Michigan, 48042, offers a fantastic 1,000 square foot office space for lease. This is the last available suite in a vibrant retail center experiencing high traffic volume and excellent visibility on 21 Mile Road. The property is a 5,100 square foot building with multiple tenants, including established businesses such as Little Caesars, Create A Cut Salon, and Premier Senior Home Care, creating a strong and diverse tenant mix. The suite is suitable for a variety of office uses, including traditional, executive, and creative office spaces. The space is immediately available and boasts a prominent pylon sign facing 21 Mile Road, ensuring maximum exposure for your business. The minimum divisible space is 1,000 square feet, and the maximum contiguous space available is also 1,000 square feet. This presents a unique opportunity to establish a presence in a thriving commercial center with high foot traffic and strong neighboring businesses. Don't miss out on this last remaining space!
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2007
Total area
4,896 SF
Lot
0.99 ac (43,212 SF)
Zoning code
C2
APN
20-08-25-351-025
UPID
US43-1393914
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
-
Atm Currency Exchange Service
-
(Bike/Boat/Book/etc) Store
-
(Bike/Boat/Book/etc) Store
-
(Bike/Boat/Book/etc) Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$895k
Comparable Approach
Comparable
$829k
Blend (final)
Blend
$945k
Owner & transaction history
since 2025
Last sale
$1.1M
2 recorded transactions
Zoning & alternative use
C2 · Macomb, MI
Top alternative use upside
Medical building
$600,000
+19.5%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 7 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$945k
Value range
$851k – $1.04M
±10% around blend
Estimated value / SF
$193 / SF
Confidence
High
7 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
70
$851k
blend $945k
$1.04M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,896 SF
Lot area
0.99 ac
Year built
2007
Stories
1
APN
20-08-25-351-025
Zoning
C2
Assessed value
$371,100
Annual tax
$13,657
3
Income approach: direct capitalization
Partial preview
Income approach indication
$895k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$970k
@ 6.5% CAP return
$895k
@ 7% CAP return
$830k
4
Sales comparison
Partial preview
Sales approach indication
$417k
Weighted, 7 comps · high confidence
Evidence
7 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.3 mi away · 4,107 SF
14.4 mi away · 5,816 SF
16.2 mi away · 5,400 SF
17.9 mi away · 3,455 SF
24.4 mi away · 5,756 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$945k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 293 sales
$103
+88%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $193/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+19%
vs current-use indication
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 7 sales
Market rates by use type
PDF export
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from $99/month
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Overview
Implied cap rate
6.10%
Implied, in-place cap rate for this commercial real estate
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.10%
9.0%
NOI (est.)
$77k *
Last sale · May 2025
$1.10M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.26M
Move the market yield to see immediate price impact.
Value / SF
$258
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.60%6.10%6.60%
$69k
$1.24M
$1.14M
$1.05M
$77k
$1.38M
$1.26M
$1.17M
$85k
$1.51M
$1.39M
$1.28M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
7 found
High confidence · county-verified
Closest comparable
$400k
1.3 mi · Jan 2026 · $101/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$13,657
Tax year 2022
Assessed value
$371,100
Assessed 2023
Previous assessed
$368,500
+0.7% YoY
Effective rate
3.68%
On assessed value
Total market value
$742,200
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2007
Heating
FORCED AIR
Stories
1
Total area
4,896 SF
Lot
0.99 ac (43,212 SF)
Zoning code
C2
APN
20-08-25-351-025
UPID
US43-1393914
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
C2 · Macomb, MIZoning C2 · permitted uses
C2 · Macomb, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Heating
FORCED AIR
Stories
1
Lot
0.99 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C2
Jurisdiction
Macomb, MI
Recorded code
C2
Ownership Intelligence
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What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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