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Property profile & analytics
OFF-MARKET
Commercial land
7760 24th Mile Rd Shelby Township, MI 48316-2506
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US43-0872834
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1931
Construction
TYPE NOT SPECIFIED
Total area
1,850 SF
Lot
0.36 ac (15,464 SF)
Zoning code
C-6
APN
23-07-16-226-008
UPID
US43-0872834
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mtts LLC · 5 yrs held
Mtts LLC
since 2020
Last sale
$1.5M
6 recorded transactions
Zoning & alternative use
C-6 · Shelby Township, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,315
Tax year 2022
Assessed value
$73,600
Assessed 2023
Previous assessed
$69,900
+5.3% YoY
Effective rate
4.50%
On assessed value
Total market value
$147,200
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 land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1931
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Stories
2
Bathrooms
1
Total area
1,850 SF
Lot
0.36 ac (15,464 SF)
Zoning code
C-6
APN
23-07-16-226-008
UPID
US43-0872834
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
C-6 · Shelby Township, MI
Zoning C-6 · permitted uses
C-6 · 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.
Building & site characteristics
From public records
Year built
1931
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Stories
2
Bathrooms
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Mtts LLC
Entity
Mailing address
49551 HAYES RD, SHELBY TOWNSHIP, MI 48315-3941
Ownership since
2020
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
Aug 7, 2020
$1,082,000
Mtts LLC
V & B Holdings LLC
Grant Deed
$1,482,000 · V & B Holdings LLC
Feb 27, 2014
—
V & B Holdings LLC
Dicicco Properties LLC
Deed In Lieu Of Foreclosure
related
—
Sep 19, 2008
—
Dicicco Properties LLC
—
Trustees Deed
related
$2,720,000 · Citizens Federal Bank Fsb
Apr 27, 2007
—
Dicicco Properties LLC
Shelby City Place LLC
Warranty Deed
—
Jul 1, 2004
$62,000
Angelo Nucci
Casebier,elsie M
Warranty Deed
—
Jul 1, 2004
—
R & W Development LLC
Nucci,jean
Warranty 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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