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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Office buildings
34620 Utica Rd Fraser, MI 48026-5253
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US43-1613234
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Total area
9,255 SF
Lot
0.79 ac (34,412 SF)
Zoning code
CN
APN
03-11-31-203-003
UPID
US43-1613234
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
-
John Adams Mortgage Co Loan Service Bank
-
Tocco Kathleen Law Firm
-
Brighter Cleaning Services Hardware & Home Improvement
-
BRIGHTER LOGISTICS Logistics Company Freight Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$525k
Comparable Approach
Comparable
$892k
Blend (final)
Blend
$740k
Owner & transaction history
J&k Utica Road LLC · 4 yrs held
J&k Utica Road LLC
since 2022
Last sale
$715,000
3 recorded transactions
Zoning & alternative use
CN · Fraser, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+29.6%
Retail stores
$965,000
+10.0%
Commercial (general)
$950,000
+8.4%
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 Fraser submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fraser 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
$715,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$565,000
6.5%
$525,000
7%
$485,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$875,000
Current use
MEDICAL BUILDING
$1,135,000
Change: +30% · Conversion: Easy
RETAIL STORES
$965,000
Change: +10% · Conversion: Moderate
COMMERCIAL (GENERAL)
$950,000
Change: +8% · Conversion: Easy
AUTO REPAIR, GARAGE
$795,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$740k
Range $666k – $814k · ±10% · vs last sale $715k (Jan 24 2022)
Last sale anchor
$715k
Jan 24 2022
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
$80 / 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
$26,519
Tax year 2022
Assessed value
$399,500
Assessed 2023
Previous assessed
$398,600
+0.2% YoY
Effective rate
6.64%
On assessed value
Total market value
$799,000
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
1998
Heating
FORCED AIR
Stories
1
Rooms
4
Bathrooms
1
Total area
9,255 SF
Lot
0.79 ac (34,412 SF)
Zoning code
CN
APN
03-11-31-203-003
UPID
US43-1613234
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
CN · Fraser, MI
Zoning CN · permitted uses
CN · Fraser, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fraser. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$875,000
MEDICAL BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$965,000
COMMERCIAL (GENERAL)
Est. value
$950,000
AUTO REPAIR, GARAGE
Est. value
$795,000
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1998
Heating
FORCED AIR
Stories
1
Rooms
4
Bathrooms
1
Lot
0.79 ac
Current owner
From public records · entity-resolved
J&k Utica Road LLC
Entity
Mailing address
40080 HAYES RD, CLINTON TOWNSHIP, MI 48038-2538
Ownership since
2022
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, 2025
—
J&k Utica Road LLC
—
Deed
related
$825,000 · Michigan Schools & Government Cu
Jan 24, 2022
$715,000
J&k Utica Road LLC
Gpn 72 LLC
Warranty Deed
$651,700 · Michigan Schools & Government Cu
—
—
Gpn-72 LLC
—
Deed Of Trust
related
$690,000 · Alliance Catholic Cu
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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