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Property profile & analytics
OFF-MARKET
Estimated value
$4,015,000
Automotive properties
23651 Hall Rd, Macomb, MI 48042-5456
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US43-1130208
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2005
Total area
29,363 SF
Lot
6.29 ac (274,167 SF)
Zoning code
C3
APN
20-08-36-377-012
UPID
US43-1130208
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
-
Fox Subaru Macomb - Service & Parts Auto Repair Shop
-
Fox Subaru Macomb - Parts Auto Parts Store
-
Fox Subaru Macomb Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.01M
Blend (final)
Blend
$4.02M
Owner & transaction history
Fox Detroit Properties LLC · 3 yrs held
Fox Detroit Properties LLC
since 2023
4 recorded transactions
Zoning & alternative use
C3 · Macomb, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.2M
+64.8%
Medical building
$3.6M
+42.8%
Retail stores
$3.1M
+21.3%
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
AUTO REPAIR, GARAGE
$2,525,000
Current use
RESTAURANT
$4,160,000
Change: +65% · Conversion: Difficult
MEDICAL BUILDING
$3,605,000
Change: +43% · Conversion: Difficult
RETAIL STORES
$3,065,000
Change: +21% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,020,000
Change: +20% · Conversion: Moderate
OFFICE BUILDING
$2,785,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$4.02M
Range $3.61M – $4.42M · ±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
$137 / 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
$91,853
Tax year 2022
Assessed value
$2,014,800
Assessed 2023
Previous assessed
$2,016,700
-0.1% YoY
Effective rate
4.56%
On assessed value
Total market value
$4,029,600
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2005
Heating
FORCED AIR
Stories
2
Total area
29,363 SF
Lot
6.29 ac (274,167 SF)
Zoning code
C3
APN
20-08-36-377-012
UPID
US43-1130208
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
C3 · Macomb, MI
Zoning C3 · permitted uses
C3 · 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
AUTO REPAIR, GARAGE Current
Est. value
$2.5M
RESTAURANT
Est. value
$4.2M
MEDICAL BUILDING
Est. value
$3.6M
RETAIL STORES
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$3.0M
OFFICE BUILDING
Est. value
$2.8M
AUTO REPAIR, GARAGE Current
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2005
Heating
FORCED AIR
Stories
2
Lot
6.29 ac
Current owner
From public records · entity-resolved
Fox Detroit Properties LLC
Entity
Mailing address
200 OTTAWA AVE NW STE #800, GRAND RAPIDS, MI 49503-2426
Ownership since
2023
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
Apr 18, 2023
—
Fox Detroit Properties LLC
Cappo Properties LLC
Warranty Deed
$10,380,000 · Mercantile Bank
Oct 25, 2021
—
Cappo Properties LLC
—
Deed
related
$35,000,000 · Toyota Motor Credit Corp
Dec 27, 2017
—
Cappo Properties LLC
—
Grant Deed
related
$5,780,000 · Nissan Motor Acceptance Corporation Nissan Motor Acceptance Corporation
—
—
Cappo Properties LLC
—
Deed Of Trust
related
$4,250,000 · Nissan Motor Acceptance Corp
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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