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Property profile & analytics
OFF-MARKET
Estimated value
$1,165,000
Office buildings
48645 Van Dyke Ave, Shelby Township, MI 48317-2575
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US43-1018885
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1975
Total area
9,800 SF
Lot
0.81 ac (35,458 SF)
Zoning code
C-1
APN
23-07-28-227-038
UPID
US43-1018885
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
-
Royal Photo Clicks - Instant 2 x 2 - Global Wide Photos Photography Service (Bike/Boat/Book/etc) Store
-
ROYAL PRINTING (Bike/Boat/Book/etc) Store Printing Service
-
ROYAL PRINTING 24/7 : Copy & Print, Signs & Banners. Live Scan Fingerprinting, Out of State Fingerprinting FBI FD258 Card print -Paper Ink and roll ca Printing Service (Bike/Boat/Book/etc) Store
-
Royal Notary Public Michigan Law Firm
-
Joanne Placido Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$1.17M
Owner & transaction history
Edifice Property Investments LLC · 4 yrs held
Edifice Property Investments LLC
since 2022
Last sale
$1.2M
6 recorded transactions
Zoning & alternative use
C-1 · Shelby Township, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+2.5%
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
$1,220,000
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
$1,355,000
Current use
RESTAURANT
$1,390,000
Change: +2% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,265,000
Change: -7% · Conversion: Easy
RETAIL STORES
$1,210,000
Change: -11% · Conversion: Moderate
MEDICAL BUILDING
$1,205,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$1.17M
Range $1.05M – $1.28M · ±10% · vs last sale $1.22M (Apr 27 2022)
Last sale anchor
$1.22M
Apr 27 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
$119 / 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
$23,778
Tax year 2022
Assessed value
$325,300
Assessed 2023
Previous assessed
$320,800
+1.4% YoY
Effective rate
7.31%
On assessed value
Total market value
$650,600
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
1975
Heating
FORCED AIR
Stories
1
Total area
9,800 SF
Lot
0.81 ac (35,458 SF)
Zoning code
C-1
APN
23-07-28-227-038
UPID
US43-1018885
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
C-1 · Shelby Township, MI
Zoning C-1 · permitted uses
C-1 · 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
OFFICE BUILDING Current
Est. value
$1.4M
RESTAURANT
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
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
1975
Heating
FORCED AIR
Stories
1
Lot
0.81 ac
Current owner
From public records · entity-resolved
Edifice Property Investments LLC
Entity
Mailing address
27722 E ECHO VLY UNIT #223, FARMINGTON HILLS, MI 48334-4438
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2022
$1,220,000
Edifice Property Investments LLC
Pinehurst Ventures LLC
Warranty Deed
—
Jan 29, 2019
—
Pinehurst Ventures LLC
—
Deed
related
$936,563 · Tri Cnty Bk
Sep 18, 2018
$100,000
Pinehurst Ventures LLC
Mj Chirco Family I LLC
Warranty Deed
—
Jan 12, 2010
—
Mj Chirco Family I LLC
Chirco Michael J Trust
Quit Claim Deed
—
May 22, 2008
—
Chirco Michael J Trust
Chirco,michael J
Quit Claim Deed
related
—
—
—
Pinehurst Ventures LLC
—
Deed Of Trust
related
$936,563 · Tri Cnty Bk
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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