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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Auto shops
4195 12th Mile Rd Berkley, MI 48072-1121
Entity Owned
15-yr Hold
Free & Clear
Property ID
US43-1646115
Property summary
AI-generated overview
This exceptional 8,700 square foot retail building, located at 4195 West 12 Mile Road in Berkley, Michigan, presents a compelling investment opportunity. Built in 1975, the property is situated in the desirable Gateway District, boasting a prime location on a high-traffic thoroughfare. The building offers significant visibility thanks to large retail windows, maximizing exposure for any business. An overhead door at the rear provides convenient access for loading and unloading. Ample onsite parking is available for customers, enhancing the shopping experience. The property is zoned for retail use, making it ideal for a variety of businesses. The asking price is $1,500,000. This user/owner opportunity is perfect for an entrepreneur looking to establish a thriving retail presence in a vibrant community. The property's size, location, and features make it an attractive investment for those seeking a strong return on investment in a well-established commercial area of Oakland County, Michigan, zip code 48072.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1975
Total area
8,781 SF
Lot
0.17 ac (7,405 SF)
Zoning code
BI
APN
04-25-18-101-002
UPID
US43-1646115
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$762k
Blend (final)
Blend
$555k
Owner & transaction history
Alco Glass & Mirror INC · 15 yrs held
Alco Glass & Mirror INC
since 2011
5 recorded transactions
Zoning & alternative use
BI · Berkley, 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 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
AUTO REPAIR, GARAGE
$1,075,000
Current use
OFFICE BUILDING
$1,030,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
$63 / 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
$14,702
Tax year 2023
Assessed value
$306,360
Assessed 2024
Previous assessed
$301,850
+1.5% YoY
Effective rate
4.80%
On assessed value
Total market value
$612,720
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1975
Heating
GAS
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
8,781 SF
Lot
0.17 ac (7,405 SF)
Zoning code
BI
APN
04-25-18-101-002
UPID
US43-1646115
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
AUTO REPAIR, GARAGE Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.0M
AUTO REPAIR, GARAGE Current
OFFICE 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
1975
Heating
GAS
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Alco Glass & Mirror INC
Entity
Free & Clear · 15 yrs held
Mailing address
4195 12TH MILE RD, BERKLEY, MI 48072-1121
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2011
—
Alco Glass & Mirror INC
Kalajian John V Trust
Quit Claim Deed
related
—
Sep 23, 2010
$461,200
Bayview Ln Svcg LLC
Sheriff Of Oakland County
Trustees Deed
related
—
Jan 7, 2008
$370,000
John Kalajian
Fink,mary L
Grant Deed
—
Jan 7, 2008
—
Alco Glass & Window INC
Kalajian John V Trust
Quit Claim Deed
related
—
—
—
Alco Glass & Mirror INC
—
Deed Of Trust
related
$475,000 · 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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