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Property profile & analytics
OFF-MARKET
Estimated value
$2,965,000
Office buildings
6200 Haggerty Rd Canton, MI 48187-3605
Entity Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0546815
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Total area
16,823 SF
Lot
2.3 ac (100,188 SF)
Zoning code
LI-1
APN
71 047 01 0002 000
UPID
US43-0546815
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
-
Michigan Head & Spine Institute Physician
-
Dr. Jeffrey Rosenberg, MD Physician
-
Prizem Pain Clinic Physician
-
Prizm Pain Specialists Physician
-
Michigan Head and Spine Institute: Sophia Grias-Radwanski, M.D. Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.96M
Blend (final)
Blend
$2.97M
Owner & transaction history
Pilgrim Holdings LLC · 17 yrs held
Pilgrim Holdings LLC
since 2008
7 recorded transactions
Zoning & alternative use
LI-1 · Canton, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.3M
+92.8%
Apartment house (5+ units)
$3.8M
+71.6%
Commercial (general)
$2.8M
+25.7%
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 Canton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Canton 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
OFFICE BUILDING
$2,240,000
Current use
RESTAURANT
$4,315,000
Change: +93% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$3,840,000
Change: +72% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,815,000
Change: +26% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,845,000
Change: -17% · Conversion: Difficult
RETAIL STORES
$1,805,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$2.97M
Range $2.67M – $3.26M · ±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
$176 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$36,784
Tax year 2023
Assessed value
$1,151,400
Assessed 2024
Previous assessed
$1,131,200
+1.8% YoY
Effective rate
3.19%
On assessed value
Total market value
$2,302,800
Applied tax rate
82,100.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1989
Heating
FORCED AIR
Stories
1
Total area
16,823 SF
Lot
2.3 ac (100,188 SF)
Zoning code
LI-1
APN
71 047 01 0002 000
UPID
US43-0546815
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
LI-1 · Canton, MI
Zoning LI-1 · permitted uses
LI-1 · Canton, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Canton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.2M
RESTAURANT
Est. value
$4.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.8M
COMMERCIAL (GENERAL)
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$1.8M
RETAIL STORES
Est. value
$1.8M
OFFICE BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1989
Heating
FORCED AIR
Stories
1
Lot
2.3 ac
Current owner
From public records · entity-resolved
Pilgrim Holdings LLC
Entity
Mailing address
1237 PILGRIM AVE, BIRMINGHAM, MI 48009-4804
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2025
—
Pilgrim Holdings LLC
—
Deed
related
$5,300,000 · The Farmers & Merchants State Bank
Nov 19, 2020
—
Pilgrim Holdings LLC
—
Deed
related
$2,400,000 · The Huntington National Bank
Oct 7, 2009
—
Pilgrim Holdings LLC
—
Trustees Deed
related
$3,400,000 · Level One Bank
Jul 30, 2008
—
Pilgrim Holdings LLC
Kirco Of Biltmore Canton Assocs
Warranty Deed
$1,336,000 · Bank Of Birmingham
—
—
Pilgrim Holdings LLC
—
Deed Of Trust
related
$1,865,000 · Level One Bank
—
—
Pilgrim Holdings LLC
—
Deed Of Trust
related
$1,317,000 · Sem Srcs Cap INC
—
—
Pilgrim Holdings LLC
—
Deed Of Trust
related
$3,170,500 · Level One Bank
—
—
Pilgrim Holdings LLC
—
Deed Of Trust
related
$1,506,000 · Bank Of Birmingham
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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