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Property profile & analytics
OFF-MARKET
Estimated value
$1,065,000
Office buildings
3200 Coolidge Hwy Berkley, MI 48072-1600
Entity Owned
7-yr Hold
Free & Clear
Property ID
US43-0293807
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Total area
10,503 SF
Lot
0.31 ac (13,504 SF)
Zoning code
BI
APN
04-25-17-103-004
UPID
US43-0293807
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
-
Cara Fenster Physician Medical Clinic
-
American Midwest Insurance Agency, LLC. Insurance Agency
-
Adrianna Sesi Psychotherapist Holistic Medicine Practitioner
-
It Takes A Village Therapy Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$1.07M
Owner & transaction history
Prr LLC · 7 yrs held
Prr LLC
since 2019
7 recorded transactions
Zoning & alternative use
BI · Berkley, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.8M
+43.9%
Medical building
$1.7M
+34.6%
Auto repair, garage
$1.3M
+4.5%
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 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
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
OFFICE BUILDING
$1,230,000
Current use
RETAIL STORES
$1,775,000
Change: +44% · Conversion: Moderate
MEDICAL BUILDING
$1,660,000
Change: +35% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,285,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$1.07M
Range $959k – $1.17M · ±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
$101 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$27,706
Tax year 2023
Assessed value
$501,700
Assessed 2024
Previous assessed
$487,670
+2.9% YoY
Effective rate
5.52%
On assessed value
Total market value
$1,003,400
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1987
Heating
YES
Cooling
YES
Buildings
4
Stories
1
Units
1
Total area
10,503 SF
Lot
0.31 ac (13,504 SF)
Zoning code
BI
APN
04-25-17-103-004
UPID
US43-0293807
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Berkley, MIZoning BI · permitted uses
BI · Berkley, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.2M
RETAIL STORES
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.3M
OFFICE BUILDING Current
RETAIL STORES
MEDICAL BUILDING
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
1987
Heating
YES
Cooling
Yes
Stories
1
Buildings
4
Units
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Prr LLC
Entity
Free & Clear · 7 yrs held
Mailing address
3200 COOLIDGE HWY, BERKLEY, MI 48072-1600
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2019
$580,000
Prr LLC
Harlequin Co LLC
Warranty Deed
—
May 16, 2013
—
Harlequin Co LLC
Glabach Frank C Trust
Quit Claim Deed
related
—
Apr 24, 2000
$12,000
Tula Bazeos
Bickelmann,christopher C & Belio
Quit Claim Deed
related
—
Nov 9, 1998
$25,000
Tula Bazeos
Kurt A Weber-stroebele Estate
Grant Deed
—
Mar 2, 1998
$7,000
Ronald E Chalom
Bergey,marion E
Quit Claim Deed
related
—
—
—
Harlequin Co LLC
—
Deed Of Trust
related
$150,000 · Privatebank
—
—
Harlequin Co LLC
—
Deed Of Trust
related
$250,000 · Community State Bank
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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