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Property profile & analytics
OFF-MARKET
Estimated value
$2,135,000
Commercial real estate
4235 12th Mile Rd, Warren, MI 48092-4141
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US43-0949570
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1968
Total area
34,100 SF
Lot
2.75 ac (119,703 SF)
Zoning code
C-1
APN
12-13-08-351-041
UPID
US43-0949570
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
$2.13M
Blend (final)
Blend
$2.14M
Owner & transaction history
Affinity 4 Investments LLC · 10 yrs held
Affinity 4 Investments LLC
since 2015
5 recorded transactions
Zoning & alternative use
C-1 · Warren, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.5M
+59.2%
Office building
$3.2M
+45.5%
Restaurant
$2.9M
+32.6%
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 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
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
COMMERCIAL (GENERAL)
$2,220,000
Current use
RETAIL STORES
$3,535,000
Change: +59% · Conversion: Easy
OFFICE BUILDING
$3,235,000
Change: +46% · Conversion: Easy
RESTAURANT
$2,945,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$2,750,000
Change: +24% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,660,000
Change: +20% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,300,000
Change: +3% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,065,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$2.14M
Range $1.92M – $2.35M · ±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 2022Property tax & assessments
Tax year 2022
Tax billed
$53,303
Tax year 2022
Assessed value
$909,430
Assessed 2023
Previous assessed
$838,360
+8.5% YoY
Effective rate
5.86%
On assessed value
Total market value
$1,818,860
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1968
Heating
FORCED AIR
Stories
1
Total area
34,100 SF
Lot
2.75 ac (119,703 SF)
Zoning code
C-1
APN
12-13-08-351-041
UPID
US43-0949570
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
C-1 · Warren, MI
Zoning C-1 · permitted uses
C-1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.2M
RETAIL STORES
Est. value
$3.5M
OFFICE BUILDING
Est. value
$3.2M
RESTAURANT
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.7M
WAREHOUSE, STORAGE
Est. value
$2.3M
INDUSTRIAL (GENERAL)
Est. value
$2.1M
COMMERCIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
1968
Heating
FORCED AIR
Stories
1
Lot
2.75 ac
Current owner
From public records · entity-resolved
Affinity 4 Investments LLC
Entity
Mailing address
4512 S SHR ST, WATERFORD, MI 48328-1162
Ownership since
2015
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, 2021
—
Affinity 4 Investments LLC
—
Deed
related
$2,450,000 · Mbank
Sep 26, 2019
—
Affinity 6 Investments LLC
—
Grant Deed
related
$1,300,000 · Mbank
Nov 21, 2018
—
Affinity 4 Investments LLC
—
Deed
related
$2,450,000 · Mbank
Dec 1, 2015
—
Affinity 4 Investments LLC
Arbor Shopping Plaza LLC
Warranty Deed
—
—
—
Arbor Shopping Plaza LLC
—
Deed Of Trust
related
$925,000 · Dinan Family 2006 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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