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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Flex space
51783 Oro Dr, Shelby Township, MI 48315-2934
Entity Owned
~
Est. High Equity
Property ID
US43-0228266
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2000
Total area
9,622 SF
Lot
0.8 ac (34,804 SF)
Zoning code
CK MAP
APN
23-07-13-376-029
UPID
US43-0228266
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
$753k
Blend (final)
Blend
$755k
Owner & transaction history
Security Mutual Life Ins Company Of
Security Mutual Life Ins Company Of
since 2025
7 recorded transactions
Zoning & alternative use
CK MAP · Shelby Township, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.2M
+42.2%
Medical building
$1.2M
+41.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$835,000
Current use
RETAIL STORES
$1,185,000
Change: +42% · Conversion: Moderate
MEDICAL BUILDING
$1,180,000
Change: +42% · Conversion: Difficult
AUTO REPAIR, GARAGE
$830,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$755k
Range $680k – $831k · ±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
$78 / 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
$14,326
Tax year 2022
Assessed value
$346,900
Assessed 2023
Previous assessed
$359,600
-3.5% YoY
Effective rate
4.13%
On assessed value
Total market value
$693,800
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2000
Heating
FORCED AIR
Stories
1
Total area
9,622 SF
Lot
0.8 ac (34,804 SF)
Zoning code
CK MAP
APN
23-07-13-376-029
UPID
US43-0228266
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
CK MAP · Shelby Township, MI
Zoning CK MAP · permitted uses
CK MAP · 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
INDUSTRIAL (GENERAL) Current
Est. value
$835,000
RETAIL STORES
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$830,000
INDUSTRIAL (GENERAL) Current
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2000
Heating
FORCED AIR
Stories
1
Lot
0.8 ac
Current owner
From public records · entity-resolved
Security Mutual Life Ins Company Of
Entity
Mailing address
27 N WACKER DR #271, CHICAGO, IL 60606-2800
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2025
—
Security Mutual Life Ins Company Of
Accu Rite Real Estate LLC
Deed
$5,000,000 · Security Mutual Life Insurance Company O
Jul 13, 2022
—
Accu Rite Real Estate LLC
—
Deed
related
$1,000,000 · Security Mutual Life Insurance Company O
Apr 21, 2020
—
Accu-rite Real Estate LLC
—
Deed
related
$4,550,000 · Miscellaneous Ins Co
Jan 17, 2019
—
Accu-rite Real Estate LLC
—
Loan Modification
related
$7,500,000 · Other Institutional Lenders
Sep 8, 2017
—
Accu-rite Real Estate LLC
—
Grant Deed
related
$5,000,000 · Cpif Lending LLC Cpif Lending LLC
Jun 9, 2017
$650,000
Accu-rite Real Estate LLC
Kirko-john LLC
Warranty Deed
—
—
—
Kirko-john LLC
—
Deed Of Trust
related
$300,000 · Pnc Bank
—
—
Kirko-john LLC
—
Deed Of Trust
related
$363,000 · Fifth Third Bank
—
—
Kirko-john LLC
—
Deed Of Trust
related
$663,000 · Fifth Third Bank
—
—
Accu-rite Real Estate LLC
—
Deed Of Trust
related
$4,550,000 · Miscellaneous Ins Co
—
—
Kirko-john LLC
—
Deed Of Trust
related
$400,000 · Pnc Bank
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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