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Property profile & analytics
OFF-MARKET
Commercial real estate
24604 Van Dyke Ave, Center Line, MI 48015-1321
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-0140559
Property summary
AI-generated overview
This exceptional 4,182-square-foot medical office building is situated at 24604 Van Dyke Avenue in Center Line, Michigan, 48015. The single-tenant property, built in 1954, is a one-story, Class C building offering ample parking. The property boasts a highly visible location with significant traffic volume, enjoying 30,000 vehicles per day on Van Dyke Avenue. Its convenient access to I-696 further enhances its appeal. The building features a large pole sign for excellent branding opportunities. The zoning is B-1A, allowing for flexibility in use. The property is currently vacant and ready for immediate occupancy. The lease is a modified gross lease
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1946
Total area
4,230 SF
Lot
0.28 ac (12,284 SF)
Zoning code
OFFICE MEDICA
APN
01-13-27-104-043
UPID
US43-0140559
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
-
Artistic Vibez Studios & Lounge Clothing Store
-
Lawrence Morabito Alternative Medicine Practice
-
Crash S O S Rehab Center Rehabilitation Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
24604 Van Dyke LLC · 1 yrs held
24604 Van Dyke LLC
since 2025
Last sale
$395,000
3 recorded transactions
Zoning & alternative use
OFFICE MEDICA · Center Line, 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 Center Line submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Center Line 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,826
Tax year 2022
Assessed value
$158,800
Assessed 2023
Previous assessed
$147,100
+8.0% YoY
Effective rate
4.30%
On assessed value
Total market value
$317,600
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1946
Heating
FORCED AIR
Stories
1
Total area
4,230 SF
Lot
0.28 ac (12,284 SF)
Zoning code
OFFICE MEDICA
APN
01-13-27-104-043
UPID
US43-0140559
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
OFFICE MEDICA · Center Line, MI
Zoning OFFICE MEDICA · permitted uses
OFFICE MEDICA · Center Line, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Center Line. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1946
Heating
FORCED AIR
Stories
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
24604 Van Dyke LLC
Entity
Mailing address
13959 WHEATON DR, SHELBY TOWNSHIP, MI 48315-5625
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2025
$395,000
24604 Van Dyke LLC
Mitre Galjovski
Warranty Deed
$316,000 · Lake Trust Cu
Jul 28, 2020
—
Van,dyke 24604 Trust Agreement
Mitre Galjovski
Quit Claim Deed
related
—
Dec 3, 2014
—
Mitre Galjovski
Fermer Corp
Grant Deed
—
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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