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Property profile & analytics
OFF-MARKET
Medical Office Space
51160 Washington St New Baltimore, MI 48047-2159
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US43-4759416
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1970
Construction
CONCRETE
Total area
1,365 SF
Lot
0.13 ac (5,619 SF)
Zoning code
CBD
APN
06-09-13-434-003
UPID
US43-4759416
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
-
DiPilla Dentistry of New Baltimore Dental Office
-
NB Dental PC Dental Office
-
Craig Lenhausen Dental Office
-
Andrew Krause Dental Office
-
Nicholas Dipilla Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Dipilla Management Group LLC · 4 yrs held
Dipilla Management Group LLC
since 2022
5 recorded transactions
Zoning & alternative use
CBD · New Baltimore, MI
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 New Baltimore submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Baltimore 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,160
Tax year 2023
Assessed value
$86,000
Assessed 2024
Previous assessed
$69,900
+23.0% YoY
Effective rate
4.84%
On assessed value
Total market value
$172,000
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
1970
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
1,365 SF
Lot
0.13 ac (5,619 SF)
Zoning code
CBD
APN
06-09-13-434-003
UPID
US43-4759416
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
CBD · New Baltimore, MIZoning CBD · permitted uses
CBD · New Baltimore, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1970
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Dipilla Management Group LLC
Entity
Mailing address
600 N OLD WOODWARD AVE, BIRMINGHAM, MI 48009-1324
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2022
—
Dipilla Management Group LLC
Murceland LLC
Warranty Deed
—
Sep 20, 2019
—
Murceland LLC
Andrew J Krause
Quit Claim Deed
related
—
May 18, 2006
$110,000
Andrew J Krause
Wielinga J J Living Trust
Warranty Deed
—
May 12, 2005
—
Andrew J Krause
Krause,lynda K
Quit Claim Deed
related
$168,000 · Citizens State Bank
—
—
Andrew J Krause
—
Deed Of Trust
related
$65,000 · Laurence Burns
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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