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Property profile & analytics
OFF-MARKET
Estimated value
$2,995,000
Government properties
23201 Marter Rd Saint Clair Shores, MI 48080-2729
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US43-1454725
Property profile
Verified
Property type
Government properties
Use group
CENTRALLY ASSESSED
Year built
2007
Total area
23,061 SF
Lot
3.03 ac (131,943 SF)
Zoning code
B-2
APN
09-14-35-301-003
UPID
US43-1454725
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
-
Rite Aid Pharmacy
-
Rite Aid Pharmacy Pharmacy
-
Western Union Bank Credit Union
-
Blair Willard Pharmacy
-
Coinhub Bitcoin ATM Teller Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.00M
Blend (final)
Blend
$3.00M
Owner & transaction history
Lakeshore Village Center LLC · 3 yrs held
Lakeshore Village Center LLC
since 2022
4 recorded transactions
Zoning & alternative use
B-2 · Saint Clair Shores, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
mily Residential District. RM-1 Multiple-Family Residential District (Low-Rise). RM-2 Multiple-Family Residential District (High-Rise). O-1 Office-Service District. CR Commercial Recreation. B-1 Local Business District. B-2 Planned Community Business District. B-3 General Business District. CLD Central Lakefront Development District. LI Light Industrial Dist…
Zone name
Planned Community Business District
General category
COMMERCIAL
Zone area
40.63 ac
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
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
CENTRALLY ASSESSED
$3,845,000
Current use
RESTAURANT
$3,270,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$3.00M
Range $2.70M – $3.29M · ±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
$130 / 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
$62,325
Tax year 2022
Assessed value
$1,538,700
Assessed 2023
Previous assessed
$1,318,200
+16.7% YoY
Effective rate
4.05%
On assessed value
Total market value
$3,077,400
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
Government properties
Use group
CENTRALLY ASSESSED
Status
Off-Market
Year built
2007
Heating
NONE
Stories
1
Total area
23,061 SF
Lot
3.03 ac (131,943 SF)
Zoning code
B-2
APN
09-14-35-301-003
UPID
US43-1454725
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Saint Clair Shores, MIZoning B-2 · permitted uses
B-2 · Saint Clair Shores, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
mily Residential District. RM-1 Multiple-Family Residential District (Low-Rise). RM-2 Multiple-Family Residential District (High-Rise). O-1 Office-Service District. CR Commercial Recreation. B-1 Local Business District. B-2 Planned Community Business District. B-3 General Business District. CLD Central Lakefront Development District. LI Light Industrial District. P-1 Vehicular Parking District. R-F Residential Facilities District. (Comp. O
Zone name
Planned Community Business District
General category
COMMERCIAL
Zone area
40.63 ac
Alternative use value scenarios
Repositioning upside vs current use
CENTRALLY ASSESSED Current
Est. value
$3.8M
RESTAURANT
Est. value
$3.3M
CENTRALLY ASSESSED Current
RESTAURANT
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
2007
Heating
NONE
Stories
1
Lot
3.03 ac
Current owner
From public records · entity-resolved
Lakeshore Village Center LLC
Entity
Mailing address
31275 NORTHWESTERN HWY STE #116, FARMINGTON HILLS, MI 48334-2578
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2022
—
Lakeshore Village Center LLC
Bbrb Tic Company LLC
Deed
$11,235,000 · The State Bank
Jan 12, 2022
—
Js Tic Company LLC
Lakeshore Village Scs LLC
Deed
—
Jun 6, 2005
—
Lakeshore Village Scs LLC
Regency Centers
Warranty Deed
$7,200,000 · Nationwide Life Insurance Co
—
—
Lakeshore Village Scs LLC
—
Deed Of Trust
related
$11,400,000 · Miscellaneous Ins Co
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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