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Property profile & analytics
OFF-MARKET
Estimated value
$7,025,000
Flex space
51870 Shelby Pkwy Shelby Township, MI 48315-1787
Entity Owned
15-yr Hold
Free & Clear
Property ID
US43-1627438
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2000
Total area
79,725 SF
Lot
5.92 ac (258,006 SF)
Zoning code
HM
APN
23-07-14-101-025
UPID
US43-1627438
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
$7.03M
Blend (final)
Blend
$7.03M
Owner & transaction history
Gs Roussillon LLC · 15 yrs held
Gs Roussillon LLC
since 2011
4 recorded transactions
Zoning & alternative use
HM · Shelby Township, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.3M
+63.6%
Commercial (general)
$11.0M
+59.8%
Office building
$11.0M
+59.7%
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)
$6,910,000
Current use
RESTAURANT
$11,300,000
Change: +64% · Conversion: Difficult
COMMERCIAL (GENERAL)
$11,035,000
Change: +60% · Conversion: Difficult
OFFICE BUILDING
$11,030,000
Change: +60% · Conversion: Difficult
RETAIL STORES
$9,825,000
Change: +42% · Conversion: Moderate
MEDICAL BUILDING
$9,790,000
Change: +42% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,855,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$7.03M
Range $6.32M – $7.73M · ±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
$88 / 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
$56,751
Tax year 2022
Assessed value
$3,235,300
Assessed 2023
Previous assessed
$3,170,600
+2.0% YoY
Effective rate
1.75%
On assessed value
Total market value
$6,470,600
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
79,725 SF
Lot
5.92 ac (258,006 SF)
Zoning code
HM
APN
23-07-14-101-025
UPID
US43-1627438
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
HM · Shelby Township, MI
Zoning HM · permitted uses
HM · 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
$6.9M
RESTAURANT
Est. value
$11.3M
COMMERCIAL (GENERAL)
Est. value
$11.0M
OFFICE BUILDING
Est. value
$11.0M
RETAIL STORES
Est. value
$9.8M
MEDICAL BUILDING
Est. value
$9.8M
AUTO REPAIR, GARAGE
Est. value
$6.9M
INDUSTRIAL (GENERAL) Current
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
5.92 ac
Current owner
From public records · entity-resolved
Gs Roussillon LLC
Entity
Free & Clear · 15 yrs held
Mailing address
38700 VAN DYKE AVE STE #200, STERLING HEIGHTS, MI 48312-1175
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2017
—
Gs Roussillon LLC
—
Deed
related
$4,125,000 · Tcf Nat'l Bk
Jun 24, 2011
—
Gs Roussillon LLC
Shelby Industrial Investors-ii
Warranty Deed
related
—
Sep 8, 2009
—
Shelby Industrial Investors-ii
Shelby Industrial Investors Ll
Quit Claim Deed
related
—
—
—
Gs Roussillon LLC
—
Loan Modification
related
$4,125,000 · Tcf Nat'l 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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