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Property profile & analytics
OFF-MARKET
Estimated value
$8,340,000
Industrial properties
164 Indusco Ct Troy, MI 48083-4616
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US43-0258211
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1968
Total area
110,260 SF
Lot
8.49 ac (369,824 SF)
Zoning code
M-1
APN
88-20-36-476-056
UPID
US43-0258211
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
-
Pantero, Inc Industrial Manufacturer Factory
-
I4 Now Solutions (Bike/Boat/Book/etc) Store Corporate Office
-
Goosehead Insurance - Julie Toggweiler Insurance Agency
-
Manpower Employment Agency
-
Clenova Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.41M
Comparable Approach
Comparable
$10.18M
Blend (final)
Blend
$8.34M
Owner & transaction history
Indusco Holdings LLC · 3 yrs held
Indusco Holdings LLC
since 2022
Last sale
$8.2M
7 recorded transactions
Zoning & alternative use
M-1 · Troy, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$13.5M
+36.1%
Office building
$12.9M
+30.3%
Neighborhood: shopping center
$10.3M
+3.4%
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 Troy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Troy 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
$8,650,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$9,105,000
6.5%
$8,405,000
7%
$7,805,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$9,930,000
Current use
AUTO REPAIR, GARAGE
$13,515,000
Change: +36% · Conversion: Easy
OFFICE BUILDING
$12,930,000
Change: +30% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,260,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$8.34M
Range $7.51M – $9.17M · ±10% · vs last sale $8.16M (Aug 25 2022)
Last sale anchor
$8.16M
Aug 25 2022
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
$76 / 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
$106,541
Tax year 2022
Assessed value
$3,707,890
Assessed 2022
Previous assessed
$3,707,890
+0.0% YoY
Effective rate
2.87%
On assessed value
Total market value
$7,415,780
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1968
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
110,260 SF
Lot
8.49 ac (369,824 SF)
Zoning code
M-1
APN
88-20-36-476-056
UPID
US43-0258211
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
M-1 · Troy, MI
Zoning M-1 · permitted uses
M-1 · Troy, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Troy. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$9.9M
AUTO REPAIR, GARAGE
Est. value
$13.5M
OFFICE BUILDING
Est. value
$12.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.3M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1968
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
8.49 ac
Current owner
From public records · entity-resolved
Indusco Holdings LLC
Entity
Mailing address
6400 TELEGRAPH RD STE #2000, BLOOMFIELD HILLS, MI 48301-1722
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2022
$8,156,250
Indusco Holdings LLC
Indusco Investment Group LLC
Deed
$10,875,000 · Merchants Bank
Dec 16, 2021
—
Indusco Investment Group LLC
—
Deed
related
—
Oct 1, 2018
—
Indusco Investment Group L L C
—
Deed
related
—
Aug 14, 2018
—
Incluse Investment Group LLC
Altair Clean Technology Ctr Ll
Warranty Deed
—
Nov 16, 2017
—
Altair Clean Technology Ctr Ll
—
Deed
related
—
Jun 9, 2016
—
Altair Clean Technology Center
—
Deed
related
—
Dec 7, 2010
—
Altair Cleane Technology Ctr Ll
First Union Natl Bk 2001-c1
Grant Deed
—
Mar 26, 2010
—
164 Indusco Court LLC
Gdm Indusco Court LLC
Deed In Lieu Of Foreclosure
related
—
Nov 20, 2000
—
Gdm Indusco Court LLC
Milidrag Trust
Quit Claim Deed
related
$7,750,000 · Bank Of America
—
—
Altair Clean Technology Center
—
Loan Modification
related
—
—
—
Altair Clean Technology Ctr Ll
—
Loan Modification
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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