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Property profile & analytics
OFF-MARKET
Estimated value
$5,240,000
Commercial real estate
6775 10th Mile Rd Center Line, MI 48015-1147
Entity Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1130213
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1996
Total area
99,260 SF
Lot
4.91 ac (213,923 SF)
Zoning code
COMM/IMPR
APN
01-13-21-453-035
UPID
US43-1130213
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
$5.24M
Blend (final)
Blend
$5.24M
Owner & transaction history
Ss Mitx LLC · 19 yrs held
Ss Mitx LLC
since 2007
4 recorded transactions
Zoning & alternative use
COMM/IMPR · Center Line, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$8.5M
+7.3%
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 Center Line submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Center Line 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)
$7,960,000
Current use
AUTO REPAIR, GARAGE
$8,535,000
Change: +7% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,695,000
Change: -16% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$6,470,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$5.24M
Range $4.72M – $5.76M · ±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
$53 / 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
$153,245
Tax year 2022
Assessed value
$2,283,300
Assessed 2023
Previous assessed
$2,175,600
+5.0% YoY
Effective rate
6.71%
On assessed value
Total market value
$4,566,600
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1996
Heating
FORCED AIR
Stories
1
Total area
99,260 SF
Lot
4.91 ac (213,923 SF)
Zoning code
COMM/IMPR
APN
01-13-21-453-035
UPID
US43-1130213
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
COMM/IMPR · Center Line, MIZoning COMM/IMPR · permitted uses
COMM/IMPR · Center Line, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$8.0M
AUTO REPAIR, GARAGE
Est. value
$8.5M
WAREHOUSE, STORAGE
Est. value
$6.7M
INDUSTRIAL (GENERAL)
Est. value
$6.5M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
1996
Heating
FORCED AIR
Stories
1
Lot
4.91 ac
Current owner
From public records · entity-resolved
Ss Mitx LLC
Entity
Mailing address
8400 E PRENTICE AVE STE #900, GREENWOOD VILLAGE, CO 80111-2921
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
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
Nov 16, 2018
—
Ss Mitx LLC
—
Deed
related
$643,000 · Miscellaneous Ins Co
Sep 15, 2016
—
Ss Mitx LLC
—
Deed
related
$540,000,000 · Citigroup Global Markets Realty Corp
Jan 29, 2007
—
Ss Mitx LLC
Nolan Bros Of Texas INC
Grant Deed
$300,000,000 · Bank Of America
—
—
Ss Mitx LLC
—
Deed Of Trust
related
$643,000 · 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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