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Property profile & analytics
OFF-MARKET
Estimated value
$4,140,000
Office buildings
41000 7th Mile Rd, Northville, MI 48167-2664
Entity Owned
~
Est. High Equity
Property ID
US43-1442854
Property summary
AI-generated overview
This exceptional 26,000 square foot executive office building, located at 41000 W 7 Mile Road in Northville, Michigan, presents a rare opportunity. Constructed in 1984 and extensively renovated in 2005, the property boasts a modern and efficient layout ideal for multiple tenants. The building sits on a sizable 0.84-acre lot and offers ample parking with 120 spaces available for tenants and guests. Currently, the building is fully occupied, reflecting its high demand and desirable location. The property is zoned OS and features two APNs: 77-003-01-0051-000 and 77-003-01-0052-000, spanning across Oakland and Wayne counties. Its strategic location in Northville, Michigan, zip code 48167, provides easy access to major transportation routes and amenities. This turnkey investment is perfect for those seeking a stable, high-performing asset in a thriving market. The property's modern design and substantial parking make it an attractive option for a variety of businesses. Interested parties should inquire for further details regarding this exceptional opportunity.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Total area
27,052 SF
Lot
0.84 ac (36,590 SF)
Zoning code
OS
APN
77 003 01 0051 000
UPID
US43-1442854
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
-
Remerica Integrity II: Melissa Walker Real Estate Agency
-
Carrico Maldegen Insurance Agency Insurance Agency
-
Thompson Stewart, PC Law Firm
-
Kim Millen, The Millen Team ~ ReMax Dream Properties Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.14M
Blend (final)
Blend
$4.14M
Owner & transaction history
Gmk Center LLC
Gmk Center LLC
since 2025
4 recorded transactions
Zoning & alternative use
OS · Northville, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$6.2M
+135.1%
Commercial (general)
$3.0M
+13.1%
Restaurant
$2.8M
+6.6%
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 Northville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Northville 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
$2,625,000
Current use
APARTMENT HOUSE (5+ UNITS)
$6,175,000
Change: +135% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,970,000
Change: +13% · Conversion: Easy
RESTAURANT
$2,800,000
Change: +7% · Conversion: Moderate
MEDICAL BUILDING
$2,545,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$4.14M
Range $3.73M – $4.55M · ±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
$153 / 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
$73,262
Tax year 2023
Assessed value
$2,009,400
Assessed 2024
Previous assessed
$1,847,400
+8.8% YoY
Effective rate
3.65%
On assessed value
Total market value
$4,018,800
Applied tax rate
82,390.0000
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
1984
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
27,052 SF
Lot
0.84 ac (36,590 SF)
Zoning code
OS
APN
77 003 01 0051 000
UPID
US43-1442854
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
OS · Northville, MI
Zoning OS · permitted uses
OS · Northville, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Northville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.2M
COMMERCIAL (GENERAL)
Est. value
$3.0M
RESTAURANT
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$2.5M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
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
1984
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.84 ac
Current owner
From public records · entity-resolved
Gmk Center LLC
Entity
Mailing address
41000 7TH MILE RD STE #200, NORTHVILLE, MI 48167-2664
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2025
$3,277,777
Gmk Center LLC
Thompson Morello LLC
Warranty Deed
$2,000,000 · Independent Bank
Feb 2, 2022
—
Thompson Morello LLC
—
Deed
related
$2,312,000 · Lake Trust Cu
—
—
Thompson Morello LLC
—
Deed Of Trust
related
$1,800,000 · Monroe Bank & Trust
—
—
Thompson Morello LLC
—
Deed Of Trust
related
$2,398,750 · Bank Of America
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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