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Property profile & analytics
OFF-MARKET
Estimated value
$6,020,000
Warehouses
1007 Brown Rd, Lake Orion, MI 48359-2201
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0178937
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2002
Total area
79,090 SF
Lot
8.57 ac (373,309 SF)
Zoning code
II
APN
O -09-33-378-009
UPID
US43-0178937
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
$6.67M
Blend (final)
Blend
$6.02M
Owner & transaction history
Sroa 1007 Brown Mi LLC · 7 yrs held
Sroa 1007 Brown Mi LLC
since 2019
7 recorded transactions
Zoning & alternative use
II · Lake Orion, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$9.7M
+60.5%
Office building
$9.3M
+53.6%
Neighborhood: shopping center
$7.4M
+21.9%
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 Lake Orion submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Orion 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
WAREHOUSE, STORAGE
$6,040,000
Current use
AUTO REPAIR, GARAGE
$9,695,000
Change: +60% · Conversion: Easy
OFFICE BUILDING
$9,275,000
Change: +54% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,360,000
Change: +22% · Conversion: Moderate
Blend value · Realmo final
$6.02M
Range $5.42M – $6.62M · ±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
$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 2023Property tax & assessments
Tax year 2023
Tax billed
$106,715
Tax year 2023
Assessed value
$2,337,450
Assessed 2024
Previous assessed
$2,218,680
+5.4% YoY
Effective rate
4.57%
On assessed value
Total market value
$4,674,900
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2002
Heating
NONE
Cooling
NONE
Buildings
7
Stories
1
Units
3
Total area
79,090 SF
Lot
8.57 ac (373,309 SF)
Zoning code
II
APN
O -09-33-378-009
UPID
US43-0178937
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
II · Lake Orion, MI
Zoning II · permitted uses
II · Lake Orion, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Orion. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$6.0M
AUTO REPAIR, GARAGE
Est. value
$9.7M
OFFICE BUILDING
Est. value
$9.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.4M
WAREHOUSE, STORAGE 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
2002
Heating
NONE
Cooling
Yes
Stories
1
Buildings
7
Units
3
Lot
8.57 ac
Current owner
From public records · entity-resolved
Sroa 1007 Brown Mi LLC
Entity
Mailing address
2751 S DIXIE HWY #450, WEST PALM BEACH, FL 33405-1233
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2019
—
Sroa 1007 Brown Mi LLC
191 111 Cube Mi Sub LLC
Trustees Deed
$166,650,000 · Miscellaneous Ins Co
Dec 21, 2015
$4,045,500
191 III Cube Mi Sub LLC
Storage Pros Orion LLC
Grant Deed
—
Apr 21, 2015
$3,000,000
Storage Pros Orion LLC
Stor It Group LLC
Warranty Deed
$3,181,500 · Jernigan Capital Operating Partners
Sep 27, 2002
—
Stor-it Group LLC
—
Trustees Deed
related
$1,680,000 · Charter One Bank Fsb
Jun 1, 1999
$100,598
Orion Oxford Joint Ventu Viviano
State Investment Co
Grant Deed
—
—
—
Stor It Group LLC
—
Deed Of Trust
related
$1,000,000 · Charter One Bank Fsb
—
—
Stor-it Group LLC
—
Deed Of Trust
related
$3,000,000 · Comerica Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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