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Property profile & analytics
OFF-MARKET
Estimated value
$1,745,000
Commercial real estate
10010 Hutchinson Dr 71, Davisburg, MI 48350-1137
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US43-1068192
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
6,981 SF
Lot
88.04 ac (3,835,022 SF)
Zoning code
RMH-MHP
APN
U -07-03-102-021
UPID
US43-1068192
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
$1.79M
Blend (final)
Blend
$1.75M
Owner & transaction history
Sun Springrove LLC
Sun Springrove LLC
since 2025
7 recorded transactions
Zoning & alternative use
RMH-MHP · Davisburg, 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 Davisburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Davisburg 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
COMMERCIAL (GENERAL)
$1,230,000
Current use
RESTAURANT
$1,210,000
Change: -2% · Conversion: Difficult
RETAIL STORES
$1,180,000
Change: -4% · Conversion: Easy
MEDICAL BUILDING
$1,100,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$1.75M
Range $1.57M – $1.92M · ±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
$250 / 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
$96,561
Tax year 2023
Assessed value
$2,328,570
Assessed 2024
Previous assessed
$2,119,150
+9.9% YoY
Effective rate
4.15%
On assessed value
Total market value
$4,657,140
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
GAS
Buildings
426
Stories
1
Units
1
Total area
6,981 SF
Lot
88.04 ac (3,835,022 SF)
Zoning code
RMH-MHP
APN
U -07-03-102-021
UPID
US43-1068192
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
RMH-MHP · Davisburg, MI
Zoning RMH-MHP · permitted uses
RMH-MHP · Davisburg, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Davisburg. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.2M
RESTAURANT
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
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
GAS
Stories
1
Buildings
426
Units
1
Lot
88.04 ac
Current owner
From public records · entity-resolved
Sun Springrove LLC
Entity
Mailing address
303 W MADISON ST STE #1500, CHICAGO, IL 60606-3380
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2025
—
Sun Springrove LLC
Springrove Titleholder LLC
Deed
—
Dec 11, 2020
—
Springrove Titleholder LLC
—
Deed
related
$9,565,000 · Key Bank NA
Aug 23, 2018
—
Springrove Titleholder LLC
Springrove LP
Quit Claim Deed
$6,990,000 · U S Bk NA Series 2017-k67 (ce)
Apr 3, 2017
—
Springrove Ltd Partnershi
—
Deed
related
$6,990,000 · Keybank USA
—
—
Springrove LP
—
Deed Of Trust
related
$5,000,000 · Popovic & Tracey Ltd
—
—
Amy Perdue
—
Deed Of Trust
related
$5,995 · Kent Builders INC
—
—
Springrove Ltd Partnershi
—
Deed Of Trust
related
$6,990,000 · Keybank USA
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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