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Property profile & analytics
OFF-MARKET
Office buildings
32525 Mound Rd, Warren, MI 48092-3828
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US43-1873723
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1960
Total area
3,784 SF
Lot
0.31 ac (13,373 SF)
Zoning code
MZ
APN
12-13-05-231-022
UPID
US43-1873723
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
-
Al Block - Realtor & Appraiser - RE/MAX First Real Estate Agency
-
Rocky Lulgjuraj Real Estate Agency
-
Normandy Optical- Warren (Bike/Boat/Book/etc) Store
-
JSR Funding Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Narmandy Real Estate LLC · 5 yrs held
Narmandy Real Estate LLC
since 2021
Last sale
$325,000
7 recorded transactions
Zoning & alternative use
MZ · Warren, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Warren submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Warren 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,730
Tax year 2022
Assessed value
$109,750
Assessed 2023
Previous assessed
$114,090
-3.8% YoY
Effective rate
7.04%
On assessed value
Total market value
$219,500
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
1960
Heating
FORCED AIR
Stories
1
Total area
3,784 SF
Lot
0.31 ac (13,373 SF)
Zoning code
MZ
APN
12-13-05-231-022
UPID
US43-1873723
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
MZ · Warren, MI
Zoning MZ · permitted uses
MZ · Warren, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Warren. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1960
Heating
FORCED AIR
Stories
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Narmandy Real Estate LLC
Entity
Mailing address
23620 HARPER AVE, SAINT CLAIR SHORES, MI 48080-1448
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
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2021
$325,000
Narmandy Real Estate LLC
Fast Cash For Homes LLC
Warranty Deed
$260,000 · First State Bank
Mar 10, 2014
—
Fast Cash For Hms LLC
Home Enrichments LLC
Quit Claim Deed
related
—
Nov 30, 2012
—
Home Enrichments LLC
—
Trustees Deed
related
$70,834 · Michele Little
Oct 11, 2011
$29,455
Home Enrichments LLC
Buy Right Properties LLC
Quit Claim Deed
related
—
Aug 24, 2011
$1,387,522
Buy Right Properties LLC
Macomb County Treasurer
Quit Claim Deed
related
—
Jul 15, 2011
—
Macomb County Treasurer
David Ayoub LLC
Tax Deed
related
—
May 18, 2010
$165,000
St Bk Peoples
Sheriff Of Macomb County
Trustees Deed
related
—
Mar 10, 2008
—
David Ayoub LLC
Ayoub,david & Bushra
Quit Claim Deed
related
$165,000 · Peoples State Bank
Feb 29, 2008
$160,000
Kalasho Investment INC
Bayview Financial Property Tru
Quit Claim Deed
related
—
Apr 27, 2006
—
David Ayoub
Kalasho Investment INC
Quit Claim Deed
related
—
May 6, 2005
$180,063
Bayview Finl Property Trust
Sheriff Of Macomb County
Trustees Deed
related
—
Aug 13, 2004
—
Amir D Jarjees
Kalasho Investment INC
Quit Claim Deed
related
—
Mar 29, 2004
$225,000
Kalasho Investment INC
Haio,awatif Y
Warranty Deed
—
—
—
Fast Cash For Homes LLC
—
Deed Of Trust
related
$500,000 · Macomb Funding LLC Macomb Funding LLC
—
—
David A Ayoub
—
Deed Of Trust
related
$384,000 · Fifth Third Bank
—
—
Kalasho Invest
—
Deed Of Trust
related
$138,000 · Interbay Funding LLC
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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