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Property profile & analytics
OFF-MARKET
Estimated value
$11,760,000
Commercial real estate
5750 New King Dr, Troy, MI 48098-2605
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US43-0604428
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1989
Total area
92,208 SF
Lot
6.57 ac (286,189 SF)
Zoning code
R-C
APN
88-20-08-227-008
UPID
US43-0604428
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
-
Utica International Engineering Consultant Engineer
-
HMS Co. & Stellar Engineering Construction Company
-
Mattar Financial Corp. Financial Advisor
-
American Chemistry Council - Automotive Center Satellite Office Council
-
Corporate Benefit Solutions LLC Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.76M
Blend (final)
Blend
$11.76M
Owner & transaction history
Macomb Development LLC · 12 yrs held
Macomb Development LLC
since 2014
6 recorded transactions
Zoning & alternative use
R-C · Troy, 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 Troy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Troy 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
COMMERCIAL (GENERAL)
$16,840,000
Current use
RESTAURANT
$15,960,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$15,565,000
Change: -8% · Conversion: Easy
MEDICAL BUILDING
$14,555,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$11.76M
Range $10.58M – $12.94M · ±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
$128 / 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
$112,576
Tax year 2022
Assessed value
$3,858,830
Assessed 2022
Previous assessed
$3,858,830
+0.0% YoY
Effective rate
2.92%
On assessed value
Total market value
$7,717,660
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1989
Heating
YES
Cooling
YES
Stories
3
Units
1
Total area
92,208 SF
Lot
6.57 ac (286,189 SF)
Zoning code
R-C
APN
88-20-08-227-008
UPID
US43-0604428
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
R-C · Troy, MI
Zoning R-C · permitted uses
R-C · Troy, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Troy. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$16.8M
RESTAURANT
Est. value
$16.0M
RETAIL STORES
Est. value
$15.6M
MEDICAL BUILDING
Est. value
$14.6M
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
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
1989
Heating
YES
Cooling
Yes
Stories
3
Units
1
Lot
6.57 ac
Current owner
From public records · entity-resolved
Macomb Development LLC
Entity
Mailing address
5750 NEW KING DR STE #200, TROY, MI 48098-2611
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
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
Jun 29, 2017
—
Macomb Dev LLC
—
Deed
related
$5,000,000 · Miscellaneous Ins Co
Jan 27, 2014
—
Macomb Development LLC
5750 Ntcc LLC
Other
$3,400,000 · Cosmo Financial LLC
Jun 13, 2012
—
5750 Ntcc LLC
Lsref2 Clover Reo 2 LLC
Grant Deed
—
Jan 17, 2008
—
Gateway Lewis LLC
5750 New King Spe LLC
Grant Deed
—
Aug 25, 2004
—
5750 New King Spe LLC
Pw Of Ms Op Sub I LLC
Grant Deed
$344,395,000 · Wachovia Bank Natl Asn
—
—
Macomb Dev LLC
—
Deed Of Trust
related
$5,000,000 · Miscellaneous Ins Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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