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Property profile & analytics
FOR SALE
Retail space
9440 Elizabeth Lake Rd, White Lake, MI 48386
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US43-1458720
For Sale
1 / 21
$469,900
9440 Elizabeth Lake Rd, White Lake, MI 48386
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1979
Total area
2,441 SF
Lot
0.43 ac (18,731 SF)
Zoning code
GB
APN
Y -12-26-202-012
UPID
US43-1458720
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
-
Carrington Real Estate Services, LLC Real Estate Agency
-
Chris Bielewski - Carrington Real Estate - Waterford Real Estate Agency
-
Don Clark-Thrash, Vylla Home Real Estate Agency
-
Caswell Window & Door Hardware & Home Improvement Production Facility
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
Loubec Holdings LLC · 4 yrs held
Loubec Holdings LLC
since 2022
Last sale
$385,000
7 recorded transactions
Zoning & alternative use
GB · White Lake, 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 White Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs White Lake 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 2023Property tax & assessments
Tax year 2023
Tax billed
$6,233
Tax year 2023
Assessed value
$131,970
Assessed 2024
Previous assessed
$129,250
+2.1% YoY
Effective rate
4.72%
On assessed value
Total market value
$263,940
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1979
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
2,441 SF
Lot
0.43 ac (18,731 SF)
Zoning code
GB
APN
Y -12-26-202-012
UPID
US43-1458720
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
GB · White Lake, MI
Zoning GB · permitted uses
GB · White Lake, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
White Lake. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1979
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Loubec Holdings LLC
Entity
Mailing address
9440 ELIZABETH LK RD, WHITE LAKE, MI 48386-2450
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2022
—
Loubec Holdings LLC
—
Deed
related
$308,000 · The Huntington National Bank
Mar 18, 2022
$385,000
Loubec Holdings LLC
Rsi Holdings LLC
Warranty Deed
—
May 11, 2021
—
Rsi Holdings LLC
—
Deed
related
$288,000 · The State Bank
Nov 15, 2019
—
Rsi Holding LLC
—
Loan Modification
related
$1,156,000 · State Bk
Jul 23, 2019
—
Rsi Holdings LLC
—
Loan Modification
related
$1,156,000 · State Bk
May 22, 2019
—
Rsi Holdings LLC
—
Grant Deed
related
$1,056,000 · State Bk
Oct 13, 2015
—
Rsi Holdings LLC
Wiggle & Grow Kids Academy
Quit Claim Deed
—
Oct 12, 2012
$216,000
Rsi Holdings LLC
Caswell Living Trust
Warranty Deed
—
—
—
Rsi Holdings LLC
—
Deed Of Trust
related
$174,110 · Huntington National Bank
—
—
Robert M Pope
—
Deed Of Trust
related
$174,110 · Huntington National Bank
—
—
Caswell Roy C & Mary L Tr
—
Deed Of Trust
related
$200,000 · National City Bank Midwest
—
—
Mary Lee Caswell
—
Deed Of Trust
related
$262,400 · National City Bank Michigan/il
—
—
Caswell Mary L Trust
—
Deed Of Trust
related
$350,000 · National City Bank Midwest
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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