New search
Property profile & analytics
FOR LEASE
Office buildings
24595 Groesbeck Hwy, Warren, MI 48089
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US43-1731026
For Lease
1 / 13
$0.83 SF/Yr
24595 Groesbeck Hwy, Warren, MI 48089
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Total area
75,929 SF
Lot
9.72 ac (423,403 SF)
Zoning code
M-2
APN
12-13-25-102-013
UPID
US43-1731026
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
-
Atsalis Brothers Painting Painting
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.27M
Owner & transaction history
Lml Investment LLC · 2 yrs held
Lml Investment LLC
since 2023
Last sale
$7.4M
7 recorded transactions
Zoning & alternative use
M-2 · Warren, 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 Warren submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Warren 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
$7,675,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,200,000
Current use
RESTAURANT
$6,560,000
Change: -9% · Conversion: Moderate
MEDICAL BUILDING
$6,125,000
Change: -15% · Conversion: Easy
RETAIL STORES
$6,020,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$7.27M
Range $6.54M – $8.00M · ±10% · vs last sale $7.40M (Aug 3 2023)
Last sale anchor
$7.40M
Aug 3 2023
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
$96 / 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
$63,069
Tax year 2022
Assessed value
$1,345,390
Assessed 2023
Previous assessed
$1,345,390
+0.0% YoY
Effective rate
4.69%
On assessed value
Total market value
$2,690,780
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2004
Heating
FORCED AIR
Stories
2
Total area
75,929 SF
Lot
9.72 ac (423,403 SF)
Zoning code
M-2
APN
12-13-25-102-013
UPID
US43-1731026
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
M-2 · Warren, MI
Zoning M-2 · permitted uses
M-2 · Warren, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Warren. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$7.2M
RESTAURANT
Est. value
$6.6M
MEDICAL BUILDING
Est. value
$6.1M
RETAIL STORES
Est. value
$6.0M
OFFICE BUILDING Current
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
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
2004
Heating
FORCED AIR
Stories
2
Lot
9.72 ac
Current owner
From public records · entity-resolved
Lml Investment LLC
Entity
Mailing address
5843 JULIANN CT, WASHINGTON, MI 48094-4221
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2023
$7,400,000
Lml Investment LLC
A & B Real Estate LLC
Warranty Deed
$555,000 · Jackson Flagstar Centre Office
Feb 18, 2020
—
A & B Real Estate LLC
—
Deed
related
$1,429,000 · Flagstar Bk
Jul 12, 2019
—
A & B Real Estate LLC
—
Deed
related
$1,429,000 · Flagstar Bk
Feb 26, 2018
—
A &c Real Estate LLC
—
Deed
related
$560,000 · Flagstar Bank Fsb
May 13, 2010
—
A & B Real Estate LLC
Mctevia & Associates LLC
Quit Claim Deed
related
$1,120,000 · Jpmorgan Chase Bank NA
—
—
National Lumber Co
—
Deed Of Trust
related
—
—
—
A & B Real Estate LLC
—
Loan Modification
related
$1,429,000 · Flagstar Bk
—
—
National Lumber Co
—
Deed Of Trust
related
$5,000,000 · Comerica Bank
—
—
A & B Real Estate LLC
—
Loan Modification
related
$1,429,000 · Flagstar Bk
—
—
National Lumber Co
—
Deed Of Trust
related
$9,960,944 · Rosenthal James I Trust (pt)
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
