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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Medical Office Space
5335 Auburn Rd, Shelby Township, MI 48317-4115
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-0286594
Property summary
AI-generated overview
This exceptional 4,270-square-foot Class C medical office building, situated on a 2.01-acre lot in Shelby Township, Michigan, presents a unique investment opportunity. Built in 2008 and extensively renovated in 2023, the property boasts high-end finishes throughout and an exceptional layout ideal for various medical uses. The building features excellent main road signage on Auburn Road, providing high visibility and accessibility. Its convenient location offers immediate access to M-59 and proximity to major medical centers like Troy Beaumont and Macomb Henry Ford hospitals. The property is zoned for commercial use and includes a single building on the lot. The asking price is $1,100,000, translating to $257.61 per square foot. The property's APN is 23-07-32-226-006. This turnkey medical office building is ready for immediate occupancy and represents a strong investment in a thriving medical market. The address is 5335 Auburn Rd, Shelby Township, MI 48317.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Total area
4,720 SF
Lot
1.91 ac (82,982 SF)
Zoning code
CK MAP
APN
23-07-32-226-006
UPID
US43-0286594
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
-
K Heart & Vascular Institute PLLC Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$760k
Comparable Approach
Comparable
$749k
Blend (final)
Blend
$845k
Owner & transaction history
Jps Rentals INC · 1 yrs held
Jps Rentals INC
since 2025
Last sale
$950,000
6 recorded transactions
Zoning & alternative use
CK MAP · Shelby Township, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$655,000
+12.7%
Commercial (general)
$610,000
+5.1%
Retail stores
$580,000
+0.4%
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 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
$910,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$825,000
6.5%
$760,000
7%
$705,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$580,000
Current use
OFFICE BUILDING
$655,000
Change: +13% · Conversion: Easy
COMMERCIAL (GENERAL)
$610,000
Change: +5% · Conversion: Easy
RETAIL STORES
$580,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$845k
Range $761k – $930k · ±10% · vs last sale $950k (Dec 5 2024)
Last sale anchor
$950k
Dec 5 2024
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
$179 / 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
$7,764
Tax year 2022
Assessed value
$342,000
Assessed 2023
Previous assessed
$342,000
+0.0% YoY
Effective rate
2.27%
On assessed value
Total market value
$684,000
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
MEDICAL BUILDING
Status
Off-Market
Year built
2004
Heating
FORCED AIR
Stories
1
Total area
4,720 SF
Lot
1.91 ac (82,982 SF)
Zoning code
CK MAP
APN
23-07-32-226-006
UPID
US43-0286594
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
MEDICAL BUILDING Current
Est. value
$580,000
OFFICE BUILDING
Est. value
$655,000
COMMERCIAL (GENERAL)
Est. value
$610,000
RETAIL STORES
Est. value
$580,000
MEDICAL BUILDING Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
2004
Heating
FORCED AIR
Stories
1
Lot
1.91 ac
Current owner
From public records · entity-resolved
Jps Rentals INC
Entity
Mailing address
33376 DEQUINDRE RD, STERLING HEIGHTS, MI 48310-5966
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2025
$950,000
Jps Rentals INC
Lk Property Holdings LLC
Warranty Deed
$950,000 · Bank Of America NA
Dec 13, 2023
—
Lk Property Holdings LLC
K Heart & Vascular PLLC
Quit Claim Deed
related
—
Nov 16, 2022
—
K Heart & Vascular P LLC
Nr Sai Associates LLC
Quit Claim Deed
related
—
Jul 14, 2022
$875,000
Nr Sai Associates LLC
Sotirov LLC
Warranty Deed
—
Sep 1, 2006
—
Sotirov LLC
Sotirov,aneta
Quit Claim Deed
—
Jun 9, 2006
—
Aneta Sotirov
Sotirov,bojan & Maria
Quit Claim Deed
related
—
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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