Property profile

23700 21st Mile Rd Macomb, MI 48042

OFF-MARKET
Commercial real estate
Property ID
US43-1034898
307,615 SF 59.27 ac lot Built 1973
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1973
Total area 307,615 SF
Lot 59.27 ac (2,581,888 SF)
Zoning code R1
APN 20-08-36-176-002
UPID US43-1034898

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
  • Vocational School Training Center
  • High School
  • Take-out & Catering

Location

23700 21st Mile Rd Macomb, MI 48042-5106
Macomb metro Census 223402 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$31.62M
Blend (final) Blend
$390k

Owner & transaction history

Zoning & alternative use

R1 · Macomb, MI
Top alternative use upside
Restaurant $43.6M +37.9%
Medical building $37.8M +19.5%
Retail stores $32.1M +1.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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