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Property profile & analytics
OFF-MARKET
Estimated value
$1,490,000
Flex space
51221 Industrial Dr Macomb, MI 48042-4025
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US43-0151245
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1996
Total area
20,359 SF
Lot
1.03 ac (44,997 SF)
Zoning code
M1
APN
20-08-18-326-004
UPID
US43-0151245
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
-
Macomb Smoked Meats Warehouse & Storage
-
CPR Mortgage Group Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.69M
Comparable Approach
Comparable
$1.56M
Blend (final)
Blend
$1.49M
Owner & transaction history
Maga Properties LLC · 3 yrs held
Maga Properties LLC
since 2023
Last sale
$1.4M
6 recorded transactions
Zoning & alternative use
M1 · Macomb, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.1M
+60.0%
Commercial (general)
$2.1M
+57.7%
Office building
$1.9M
+45.4%
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 Macomb submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Macomb 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
$1,325,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,830,000
6.5%
$1,690,000
7%
$1,570,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,325,000
Current use
RETAIL STORES
$2,125,000
Change: +60% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,095,000
Change: +58% · Conversion: Difficult
OFFICE BUILDING
$1,930,000
Change: +45% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,750,000
Change: +32% · Conversion: Easy
WAREHOUSE, STORAGE
$1,375,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$1.49M
Range $1.34M – $1.64M · ±10% · vs last sale $1.40M (Apr 14 2023)
Last sale anchor
$1.40M
Apr 14 2023
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
$73 / 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
$29,465
Tax year 2022
Assessed value
$627,200
Assessed 2023
Previous assessed
$588,400
+6.6% YoY
Effective rate
4.70%
On assessed value
Total market value
$1,254,400
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1996
Heating
FORCED AIR
Stories
1
Total area
20,359 SF
Lot
1.03 ac (44,997 SF)
Zoning code
M1
APN
20-08-18-326-004
UPID
US43-0151245
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
M1 · Macomb, MI
Zoning M1 · permitted uses
M1 · Macomb, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Macomb. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.3M
RETAIL STORES
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$2.1M
OFFICE BUILDING
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.8M
WAREHOUSE, STORAGE
Est. value
$1.4M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1996
Heating
FORCED AIR
Stories
1
Lot
1.03 ac
Current owner
From public records · entity-resolved
Maga Properties LLC
Entity
Mailing address
55497 IRVIN DR, SHELBY TOWNSHIP, MI 48316-1926
Ownership since
2023
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 14, 2023
$1,400,000
Maga Properties LLC
Lions Gate Enterprises LLC
Warranty Deed
$900,000 · Capitol National Bank
Feb 12, 2019
—
Lionsgate Ents LLC
—
Deed
related
$846,000 · Pietro Saputo
Nov 18, 2009
—
Kosch-meier II LLC
Bank Of The West
Quit Claim Deed
related
—
Feb 2, 2009
$953,954
Bank Of The West
Sheriff Of Macomb County
Trustees Deed
related
—
—
—
Lionsgate Ents LLC
—
Deed Of Trust
related
$846,000 · Pietro Saputo
—
—
Jerky Investments LLC
—
Deed Of Trust
related
$1,372,000 · Ge Capital Small Business Finl
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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