Individually Owned Property summary
AI-generated overview
This commercial property in Warren, Michigan was formerly used as a chiropractic office and is configured across two levels (first and second floors). The interior layout includes a reception area, an X-ray room, multiple restrooms, and a kitchen space. The site covers approximately 0.45 acres and the building has an area of approximately 2,400 square feet. The property is suited for professional use, including medical and wellness-related services, and includes monument signage.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1947
Total area
1,854 SF
Lot
0.46 ac (19,820 SF)
Zoning code
PB
APN
12-13-01-301-004
UPID
US43-0085115
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Alternative Medicine Practice
-
Alternative Medicine Practice
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$240k
Owner & transaction history
Zoning & alternative use
PB · Warren, MI
Zoning description
square ft. wall sign in which a variance was granted for on 5/24/2023. Total signage 79.46 square ft. ORDINANCES and REQUIREMENTS: Section 4A.33 - Signs Permitted in Professional Business and Special Service Districts (P…
General category
COMMERCIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 22 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$240k
Value range
$216k – $264k
±10% around blend
Estimated value / SF
$129 / SF
Confidence
High
22 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
100
$216k
blend $240k
$264k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,854 SF
Lot area
0.46 ac
Year built
1947
Stories
1
APN
12-13-01-301-004
Zoning
PB
Assessed value
$87,970
Annual tax
$4,842
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$253k
Weighted, 20 comps · high confidence
Evidence
22 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
8.8 mi away · 2,360 SF
10.1 mi away · 1,605 SF
12.1 mi away · 2,040 SF
13.3 mi away · 1,553 SF
13.9 mi away · 1,760 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$240k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 32 sales
$95
+37%
County 238 sales
$95
+37%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $129/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 22 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$88k
Move the market yield to see immediate price impact.
Value / SF
$47
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$6k
$111k
$79k
$62k
$6k
$123k
$88k
$68k
$7k
$135k
$97k
$75k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
22 found
High confidence · county-verified
Closest comparable
$275k
8.0 mi · Sep 2025 · $162/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$4,842
Tax year 2022
Assessed value
$87,970
Assessed 2023
Previous assessed
$89,460
-1.7% YoY
Effective rate
5.50%
On assessed value
Total market value
$175,940
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1947
Heating
FORCED AIR
Stories
1
Bathrooms
1
Total area
1,854 SF
Lot
0.46 ac (19,820 SF)
Zoning code
PB
APN
12-13-01-301-004
UPID
US43-0085115
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
PB · Warren, MIZoning PB · permitted uses
PB · Warren, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
square ft. wall sign in which a variance was granted for on 5/24/2023. Total signage 79.46 square ft. ORDINANCES and REQUIREMENTS: Section 4A.33 - Signs Permitted in Professional Business and Special Service Districts (P…
General category
COMMERCIAL
Building & site characteristics
From public records
Year built
1947
Heating
FORCED AIR
Stories
1
Bathrooms
1
Lot
0.46 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
PB
COMMERCIAL
Jurisdiction
Warren, MI
Recorded code
PB
Official district
PB
Official district profile
What the municipal code says about PB
Zoning description
square ft. wall sign in which a variance was granted for on 5/24/2023. Total signage 79.46 square ft. ORDINANCES and REQUIREMENTS: Section 4A.33 - Signs Permitted in Professional Business and Special Service Districts (P…
General category
COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PB in Warren, MI.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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