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Property profile & analytics
OFF-MARKET
Estimated value
$280,000
Retail space
27110 Harper Ave Saint Clair Shores, MI 48081-1912
Entity Owned
9-yr Hold
Free & Clear
Property ID
US43-1633808
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1954
Total area
7,428 SF
Lot
0.42 ac (18,208 SF)
Zoning code
B-1
APN
09-14-22-252-053
UPID
US43-1633808
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
-
St Clair Shores Repair Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$638k
Blend (final)
Blend
$280k
Owner & transaction history
Arkay-walker Building Co LLC · 9 yrs held
Arkay-walker Building Co LLC
since 2016
1 recorded transaction
Zoning & alternative use
B-1 · Saint Clair Shores, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
IAL DISTRICT (HIGH RISE) Expand ARTICLE IX. - O-1 OFFICE SERVICE DISTRICT ARTICLE IX. - O-1 OFFICE SERVICE DISTRICT Expand ARTICLE X. - CR COMMERCIAL RECREATION ARTICLE X. - CR COMMERCIAL RECREATION Expand ARTICLE XI. - B-1 LOCAL BUSINESS DISTRICT ARTICLE XI. - B-1 LOCAL BUSINESS DISTRICT Expand ARTICLE XII. - B-2 COMMUNITY BUSINESS DISTRICT ARTICLE XII. - B…
Zone name
Local Business District
General category
COMMERCIAL
Zone area
125.54 ac
Top alternative use upside
Restaurant
$1.1M
+45.4%
Medical building
$910,000
+26.0%
Commercial (general)
$765,000
+5.5%
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 Saint Clair Shores submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saint Clair Shores 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
RETAIL STORES
$725,000
Current use
RESTAURANT
$1,055,000
Change: +45% · Conversion: Easy
MEDICAL BUILDING
$910,000
Change: +26% · Conversion: Difficult
COMMERCIAL (GENERAL)
$765,000
Change: +5% · Conversion: Easy
AUTO REPAIR, GARAGE
$640,000
Change: -12% · Conversion: Difficult
OFFICE BUILDING
$635,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$280k
Range $252k – $308k · ±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
$38 / 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
$14,849
Tax year 2022
Assessed value
$212,700
Assessed 2023
Previous assessed
$238,200
-10.7% YoY
Effective rate
6.98%
On assessed value
Total market value
$425,400
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1954
Heating
FORCED AIR
Stories
1
Total area
7,428 SF
Lot
0.42 ac (18,208 SF)
Zoning code
B-1
APN
09-14-22-252-053
UPID
US43-1633808
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B-1 · Saint Clair Shores, MIZoning B-1 · permitted uses
B-1 · Saint Clair Shores, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
IAL DISTRICT (HIGH RISE) Expand ARTICLE IX. - O-1 OFFICE SERVICE DISTRICT ARTICLE IX. - O-1 OFFICE SERVICE DISTRICT Expand ARTICLE X. - CR COMMERCIAL RECREATION ARTICLE X. - CR COMMERCIAL RECREATION Expand ARTICLE XI. - B-1 LOCAL BUSINESS DISTRICT ARTICLE XI. - B-1 LOCAL BUSINESS DISTRICT Expand ARTICLE XII. - B-2 COMMUNITY BUSINESS DISTRICT ARTICLE XII. - B-2 COMMUNITY BUSINESS DISTRICT Expand ARTICLE XIII. - B-3 GENERAL BUSINESS DISTRICT
Zone name
Local Business District
General category
COMMERCIAL
Zone area
125.54 ac
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$725,000
RESTAURANT
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$910,000
COMMERCIAL (GENERAL)
Est. value
$765,000
AUTO REPAIR, GARAGE
Est. value
$640,000
OFFICE BUILDING
Est. value
$635,000
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1954
Heating
FORCED AIR
Stories
1
Lot
0.42 ac
Current owner
From public records · entity-resolved
Arkay-walker Building Co LLC
Entity
Free & Clear · 9 yrs held
Mailing address
27110 HARPER AVE, SAINT CLAIR SHORES, MI 48081-1912
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2016
—
Arkay-walker Building Co LLC
Walker,richard H & Catherine D
Quit Claim Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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