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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Manufacturing properties
10010 Capital St, Oak Park, MI 48237-3104
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-0050534
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1951
Total area
10,440 SF
Lot
0.55 ac (23,958 SF)
Zoning code
IF
APN
52-25-32-251-070
UPID
US43-0050534
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
$780k
Comparable Approach
Comparable
$358k
Blend (final)
Blend
$585k
Owner & transaction history
Flower Properties LLC · 6 yrs held
Flower Properties LLC
since 2019
5 recorded transactions
Zoning & alternative use
IF · Oak Park, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$955,000
+10.6%
Restaurant
$950,000
+10.5%
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 Oak Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oak Park 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%
$845,000
6.5%
$780,000
7%
$725,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$860,000
Current use
COMMERCIAL (GENERAL)
$955,000
Change: +11% · Conversion: Difficult
RESTAURANT
$950,000
Change: +11% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$790,000
Change: -8% · Conversion: Difficult
RETAIL STORES
$720,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$56 / 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
$8,916
Tax year 2023
Assessed value
$178,600
Assessed 2024
Previous assessed
$164,000
+8.9% YoY
Effective rate
4.99%
On assessed value
Assessed land
$30,200
Assessed improvement
$148,400
Land market value
$60,400
Improvement market value
$296,800
Total market value
$357,200
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1951
Heating
FORCED AIR
Stories
1
Units
1
Total area
10,440 SF
Lot
0.55 ac (23,958 SF)
Zoning code
IF
APN
52-25-32-251-070
UPID
US43-0050534
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
IF · Oak Park, MI
Zoning IF · permitted uses
IF · Oak Park, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Oak Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$860,000
COMMERCIAL (GENERAL)
Est. value
$955,000
RESTAURANT
Est. value
$950,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$790,000
RETAIL STORES
Est. value
$720,000
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1951
Heating
FORCED AIR
Stories
1
Units
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
Flower Properties LLC
Entity
Free & Clear · 6 yrs held
Mailing address
6207 CAMBRIDGE ST, DEARBORN HEIGHTS, MI 48127-2801
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2019
—
Flower Properties LLC
Ahmad,ahmad M & Ghalia
Quit Claim Deed
related
—
Jun 28, 2019
—
Ahmad Ahmad
—
Deed
related
$125,000 · Comerica Bank
Jul 13, 2006
$275,000
Ahmad Ahmad
Azad Howrami
Warranty Deed
—
Jan 26, 2005
—
Azad Howrami
Howrami,masood J
Quit Claim Deed
related
—
Jan 13, 2005
$180,000
Mohammed S Howrami
Linklater George T Trust
Grant 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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