Financial
Distress signals
Property profile

10087 Spencer Rd Brighton, MI 48114

FOR SALE
Commercial real estate
Property ID
US43-1888625
3,823 SF 1.24 ac lot Built 1907
Last sale Aug 2009 · $79,432
Entity Owned Owner of record is a legal entity (LLC / corporation). 17-yr Hold Held for 17 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 3,398 square foot industrial building is situated on a desirable 1.24-acre lot in Brighton, Michigan. The property boasts a highly visible location on Spencer Road in Brighton Township, offering excellent exposure for any business. While maintaining a charming, "homey" exterior, the interior features lovely finishes creating a professional and inviting atmosphere. Multiple gas fireplaces and a full kitchen add to the comfortable and functional workspace. The building is…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value · 2024$162k
Effective rate2.71%

Value estimate

· Sep 2026
$375k
$338k – $413k
NOI build-up
Gross scheduled income$23k
Vacancy & credit loss−$5k
Operating expenses−$4k
NOI · 2.92% cap applied$13k

Realmo valuation models over county records and 12 qualifying comparable sales.

Recently sold

What actually traded nearby?
$137/SF
ZIP average, outlier-cleaned · 46 recorded sales of this use type
Observed band · Q1–Q3$87 – $202
Qualifying comparables12

Cap rate analysis

How does the asset earn?
2.92%
$13k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
I-1
JurisdictionLIVINGSTON

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency20.9
Restaurant17.3
Dental Office16.7

Location

10087 Spencer Rd Brighton, MI 48114
County assessor Recorded deeds · 5 transfers 12 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
8130 Grand Riv, Brighton, MI 48114-9376 $1,350,000 Apr 2025 4,026 SF
3600 Old Us Hwy 23, Brighton, MI 48114-8603 $450,000 Nov 2024 2,695 SF
5325 Old Us Hwy 23, Brighton, MI 48114-7523 $960,000 Sep 2024 2,834 SF
6480 Grand Riv, Brighton, MI 48114-7305 $375,000 May 2024 4,048 SF
4812 Old Us Hwy 23, Brighton, MI 48114-8697 $770,000 Dec 2022 4,000 SF
872 Old Us Hwy 23, Brighton, MI 48114-9634 $994,000 Nov 2022 4,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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