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Property profile & analytics
FOR SALE
Outlet malls
51455 Schoenherr Rd Shelby Twp, MI 48315
Entity Owned
14-yr Hold
Free & Clear
Property ID
US43-5269548
For Sale
1 / 2
$4,595,000
51455 Schoenherr Rd, Shelby Twp, MI 48315
View Listing →
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1993
Total area
34,200 SF
Lot
3.29 ac (143,138 SF)
Zoning code
LM
APN
23-07-14-400-027
UPID
US43-5269548
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.35M
Blend (final)
Blend
$2.35M
Owner & transaction history
St Claire Holdings LLC · 14 yrs held
St Claire Holdings LLC
since 2012
7 recorded transactions
Zoning & alternative use
LM · 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 Twp submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shelby Twp 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.35M
Range $2.11M – $2.58M · ±10%
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
$69 / 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
$28,556
Tax year 2022
Assessed value
$1,087,900
Assessed 2023
Previous assessed
$1,023,500
+6.3% YoY
Effective rate
2.62%
On assessed value
Total market value
$2,175,800
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Sale
Year built
1993
Heating
FORCED AIR
Stories
1
Total area
34,200 SF
Lot
3.29 ac (143,138 SF)
Zoning code
LM
APN
23-07-14-400-027
UPID
US43-5269548
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
LM · Shelby Township, MI
Zoning LM · permitted uses
LM · 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.
Building & site characteristics
From public records
Year built
1993
Heating
FORCED AIR
Stories
1
Lot
3.29 ac
Current owner
From public records · entity-resolved
St Claire Holdings LLC
Entity
Free & Clear · 14 yrs held
Mailing address
51455 SCHOENHERR RD, SHELBY TOWNSHIP, MI 48315-2734
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2023
—
St Claire Holdings LLC
—
Deed
related
$1,630,000 · Jackson Flagstar Centre Office
Feb 18, 2021
—
St Clarie Holdings LLC
—
Deed
related
$1,630,000 · Flagstar Bank Fsb
Jun 15, 2020
—
St Claire Holdings LLC
—
Deed
related
$1,510,975 · Flagstar Bk
Apr 5, 2018
—
St Claire Holdings LLC
—
Deed
related
$1,630,000 · Flagstar Bank Fsb
May 10, 2016
—
St Claire Holdings LLC
—
Deed
related
$5,578,480 · Comerica Bk
Jan 3, 2012
—
St Claire Holdings LLC
Apple Holdings LLC
Quit Claim Deed
related
—
Jan 21, 2004
$2,367,500
Apple Holdings LLC
Schoenherr Group LLC
Warranty Deed
related
$529,356 · Comerica Bank
—
—
St Claire Holdings LLC
—
Deed Of Trust
related
—
—
—
St Claire Holdings LLC
—
Loan Modification
related
$1,510,975 · Flagstar Bk
—
—
St Claire Holdings LLC
—
Loan Modification
related
$5,578,480 · Comerica 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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