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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Office buildings
7555 Secor Rd, Lambertville, MI 48144-9624
Entity Owned
9-yr Hold
Free & Clear
Property ID
US43-1818162
Property summary
AI-generated overview
Aspen Grove Village, located at 7555 and 7581 Secor Road in Lambertville, Michigan, presents a unique opportunity for medical professionals seeking prime office space. This Class B property, built in 2004, comprises three buildings with a total of 18,426 square feet. The complex offers multiple tenancy options, with five spaces currently available, ranging from a minimum of 924 square feet to a maximum contiguous space of 2,257 square feet. A total of 7,731 square feet is currently vacant and ready for immediate occupancy. Each suite boasts a 9-foot ceiling height. The property is zoned PBO C-1 and is conveniently situated in Monroe County, Michigan, with the zip code 48144. Ample parking is provided with 117 spaces available for tenants and their clients. Building amenities include elevators and 220-amp power. The two-story buildings offer a versatile layout suitable for a variety of medical practices. This is an exceptional opportunity to establish or expand your medical practice in a well-maintained and conveniently located complex. Interested parties should inquire about available space and lease terms.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
5,848 SF
Lot
1.3 ac (56,628 SF)
APN
02-030-134-20
UPID
US43-1818162
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
$601k
Blend (final)
Blend
$600k
Owner & transaction history
Wang Brothers Investments LLC · 9 yrs held
Wang Brothers Investments LLC
since 2017
1 recorded transaction
Zoning & alternative use
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 Lambertville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lambertville 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
$535,000
Current use
RESTAURANT
$465,000
Change: -13% · Conversion: Moderate
RETAIL STORES
$445,000
Change: -17% · Conversion: Moderate
COMMERCIAL (GENERAL)
$440,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$103 / 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
$12,556
Tax year 2023
Assessed value
$283,800
Assessed 2023
Previous assessed
$283,800
+0.0% YoY
Effective rate
4.42%
On assessed value
Total market value
$567,600
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
5,848 SF
Lot
1.3 ac (56,628 SF)
APN
02-030-134-20
UPID
US43-1818162
Jurisdiction
MONROE
Zoning & alternative use
Zoning · permitted uses
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
OFFICE BUILDING Current
Est. value
$535,000
RESTAURANT
Est. value
$465,000
RETAIL STORES
Est. value
$445,000
COMMERCIAL (GENERAL)
Est. value
$440,000
OFFICE BUILDING Current
RESTAURANT
RETAIL STORES
COMMERCIAL (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
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.3 ac
Current owner
From public records · entity-resolved
Wang Brothers Investments LLC
Entity
Free & Clear · 9 yrs held
Mailing address
1 TOWNE SQ STE #1200, SOUTHFIELD, MI 48076-3708
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2017
—
Wang Brothers Investments LLC
Tom R Helberg
Warranty Deed
—
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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