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Property profile & analytics
FOR SALE
Office buildings
27365 Harper Ave St Clair Shores, MI 48081
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US43-0912480
For Sale
1 / 2
$695,000
27365 Harper Ave, St Clair Shores, MI 48081
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1979
Total area
5,739 SF
Lot
0.38 ac (16,727 SF)
Zoning code
B-1
APN
09-14-22-128-022
UPID
US43-0912480
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
-
Polk and Associates, PLC Accounting Firm
-
Shores Data Processing Computer & Electronic Repair (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$490k
Blend (final)
Blend
$610k
Owner & transaction history
Kercheval Development Company LLC · 4 yrs held
Kercheval Development Company LLC
since 2021
Last sale
$650,000
3 recorded transactions
Zoning & alternative use
B-1 · Saint Clair Shores, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$815,000
+66.3%
Medical building
$705,000
+44.1%
Commercial (general)
$590,000
+20.6%
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 St Clair Shores submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs St 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
$780,000
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
$490,000
Current use
RESTAURANT
$815,000
Change: +66% · Conversion: Moderate
MEDICAL BUILDING
$705,000
Change: +44% · Conversion: Easy
COMMERCIAL (GENERAL)
$590,000
Change: +21% · Conversion: Easy
RETAIL STORES
$560,000
Change: +14% · Conversion: Moderate
AUTO REPAIR, GARAGE
$495,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$610k
Range $549k – $671k · ±10% · vs last sale $650k (Sep 15 2021)
Last sale anchor
$650k
Sep 15 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
$106 / 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
$15,408
Tax year 2022
Assessed value
$239,900
Assessed 2023
Previous assessed
$228,800
+4.9% YoY
Effective rate
6.42%
On assessed value
Total market value
$479,800
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 Sale
Year built
1979
Heating
FORCED AIR
Stories
1
Total area
5,739 SF
Lot
0.38 ac (16,727 SF)
Zoning code
B-1
APN
09-14-22-128-022
UPID
US43-0912480
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B-1 · Saint Clair Shores, MI
Zoning 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
Saint Clair Shores. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$490,000
RESTAURANT
Est. value
$815,000
MEDICAL BUILDING
Est. value
$705,000
COMMERCIAL (GENERAL)
Est. value
$590,000
RETAIL STORES
Est. value
$560,000
AUTO REPAIR, GARAGE
Est. value
$495,000
OFFICE BUILDING Current
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
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
1979
Heating
FORCED AIR
Stories
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
Kercheval Development Company LLC
Entity
Mailing address
131 KERCHEVAL AVE STE #307, GROSSE POINTE FARMS, MI 48236-3630
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2021
$650,000
Kercheval Development Company LLC
Shores Data Center LLC
Warranty Deed
$455,000 · First Community Bank
Jan 19, 2010
—
Shores Data Center LLC
Murray,gertrude M
Quit Claim Deed
related
—
—
—
Shores Data Center LLC
—
Deed Of Trust
related
$175,000 · First State Bank East Detroit
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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