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Property profile & analytics
OFF-MARKET
Estimated value
$940,000
Turn key restaurants
2485 Coolidge Hwy, Berkley, MI 48072-2099
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1116053
Property summary
AI-generated overview
This exceptional retail opportunity presents 11,690 square feet of newly constructed space in a vibrant Berkley, Michigan shopping center located at 2485-2523 Coolidge Hwy. The property sits on a 0.87-acre lot and is zoned for Retail-Commercial use within Oakland County. Multiple tenancies are available, with a minimum divisible space of 1,250 square feet and a maximum contiguous space of 2,800 square feet. Currently, 4,050 square feet is vacant and ready for immediate occupancy. A highly desirable end-cap unit is available, boasting a significant advantage with its own 700 square foot patio. This space offers excellent visibility and accessibility, perfectly situated alongside the new Aqua-tots Swim Schools development. The estimated delivery date for this prime retail location is between the fourth quarter of 2021 and the first quarter of 2022. This is an unparalleled chance to establish a thriving business in a rapidly growing area. Don't miss this opportunity to secure your ideal retail space in this dynamic new development.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1974
Total area
7,310 SF
Lot
0.87 ac (37,897 SF)
Zoning code
BI
APN
04-25-18-427-035
UPID
US43-1116053
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
-
Poke Poke - Sushi Unrolled Bar & Pub
-
Pita Way - Berkley Mediterranean Restaurant
-
HealthQuest Physical Therapy - Berkley Medical Clinic
-
Aqua-Tots Swim Schools Berkley Swim Club Swimming Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$727k
Blend (final)
Blend
$940k
Owner & transaction history
Stellas Marketplace LLC · 4 yrs held
Stellas Marketplace LLC
since 2021
Last sale
$925,000
2 recorded transactions
Zoning & alternative use
BI · Berkley, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+1.8%
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 Berkley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Berkley 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
$970,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,265,000
Current use
COMMERCIAL (GENERAL)
$1,290,000
Change: +2% · Conversion: Easy
RETAIL STORES
$1,235,000
Change: -2% · Conversion: Easy
MEDICAL BUILDING
$1,155,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±10% · vs last sale $925k (Jul 8 2021)
Last sale anchor
$925k
Jul 8 2021
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
$129 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$19,260
Tax year 2020
Assessed value
$361,220
Assessed 2021
Previous assessed
$361,220
+0.0% YoY
Effective rate
5.33%
On assessed value
Total market value
$722,440
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1974
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
7,310 SF
Lot
0.87 ac (37,897 SF)
Zoning code
BI
APN
04-25-18-427-035
UPID
US43-1116053
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Berkley, MI
Zoning BI · permitted uses
BI · Berkley, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Berkley. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
RESTAURANT Current
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL 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
1974
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.87 ac
Current owner
From public records · entity-resolved
Stellas Marketplace LLC
Entity
Mailing address
2652 OXFORD RD, BERKLEY, MI 48072-3604
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2021
$925,000
Stellas Marketplace LLC
Samca LLC
Deed
$2,493,950 · Genisys Cu
Jan 8, 2021
—
L J Farina Properties INC
Klk LLC
Quit Claim 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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