Realmo Analytics

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Financial
Distress signals
Property profile

50980 North Ave Macomb, MI 48042

FOR LEASE
Drug stores
View Listing
Property ID
US43-5295749
13,007 SF 2.01 ac lot Built 2007
Last sale Dec 2006 · $1,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$40k
Tax billed · 2022
Assessed value · 2023$947k
Effective rate4.21%

Value estimate

· Oct 2026
$530k
$477k – $583k
Submarket $/SF estimate$2.18M
NOI build-up
Gross scheduled income$156k
Vacancy & credit loss−$19k
Operating expenses−$41k
NOI · 639,160.00% cap applied$96k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$104/SF
County average, outlier-cleaned · 339 recorded sales of this use type
Observed band · Q1–Q3$57 – $168
Qualifying comparables3

Cap rate analysis

How does the asset earn?
639,160.00%
$96k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C2
JurisdictionMACOMB

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply13.5
Realty agency13.2
Auto Repair Shop12.6

Location

50980 North Ave Macomb, MI 48042
County assessor Recorded deeds · 5 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

2 recorded sales · 15 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
22977 23rd Mile, Macomb, MI 48042-4420 $800,000 Oct 2022 3,360 SF
45844 Gratiot, Macomb, MI 48042-5509 $18,408 Nov 2020 2,384 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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