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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Government properties
47127 Van Dyke Ave, Shelby Township, MI 48317-3359
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1064511
Property summary
AI-generated overview
This exceptional 5,202 square foot executive office space, located at 47127 Van Dyke Ave in Shelby Township, Michigan, presents a unique investment opportunity. Formerly a bank branch, this single-story, Class B building boasts two drive-thru windows, a highly desirable feature for various businesses. Situated on a 1.09-acre lot with prominent frontage on Van Dyke Avenue, the property benefits from high visibility and significant traffic volume exceeding 35,000 vehicles per day. The building, constructed in 1985 and renovated in 2012, is currently vacant and ready for immediate occupancy. Its convenient location near downtown Utica and M-59 provides easy access to major roadways and a thriving community. The property is zoned C-2, offering flexibility for a range of commercial uses. With its impressive size, prime location, and recent renovations, this property is an ideal choice for businesses seeking a high-impact presence in a bustling area. The property includes one unit and has a Macomb County APN of 23-07-28-478-028. The asking price is $879,000.
Property profile
Verified
Property type
Government properties
Use group
CENTRALLY ASSESSED
Year built
1985
Total area
5,202 SF
Lot
0.54 ac (23,653 SF)
Zoning code
C-2
APN
23-07-28-478-027
UPID
US43-1064511
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
-
Comerica Bank - ATM Atm Investment Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$570k
Owner & transaction history
Antoon Medical Building LLC · 1 yrs held
Antoon Medical Building LLC
since 2025
Last sale
$600,000
3 recorded transactions
Zoning & alternative use
C-2 · Shelby Township, 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 Shelby Township submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shelby Township 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
$515,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CENTRALLY ASSESSED
$870,000
Current use
RESTAURANT
$735,000
Change: -15% · Conversion: Difficult
OFFICE BUILDING
$720,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$570k
Range $513k – $627k · ±10% · vs last sale $600k (Feb 18 2025)
Last sale anchor
$600k
Feb 18 2025
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
$110 / 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
$18,884
Tax year 2023
Assessed value
$782,200
Assessed 2024
Previous assessed
$782,200
+0.0% YoY
Effective rate
2.41%
On assessed value
Total market value
$1,564,400
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
Government properties
Use group
CENTRALLY ASSESSED
Status
Off-Market
Year built
1985
Heating
PACKAGE
Stories
1
Total area
5,202 SF
Lot
0.54 ac (23,653 SF)
Zoning code
C-2
APN
23-07-28-478-027
UPID
US43-1064511
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
C-2 · Shelby Township, MI
Zoning C-2 · permitted uses
C-2 · Shelby Township, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Shelby Township. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
CENTRALLY ASSESSED Current
Est. value
$870,000
RESTAURANT
Est. value
$735,000
OFFICE BUILDING
Est. value
$720,000
CENTRALLY ASSESSED Current
RESTAURANT
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
1985
Heating
PACKAGE
Stories
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
Antoon Medical Building LLC
Entity
Free & Clear · 1 yrs held
Mailing address
51462 SCHOENHERR RD, SHELBY TOWNSHIP, MI 48315-2726
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2025
$600,000
Antoon Medical Building LLC
Botta Bank LLC
Warranty Deed
—
Dec 5, 2023
—
Botta Bank LLC
Comerica Bank
Deed
—
Nov 21, 2023
—
Botta Bank LLC
—
Deed
related
$720,000 · Oxford Bank
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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