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Property profile & analytics
OFF-MARKET
Estimated value
$980,000
Warehouses
10421 Enterprise Dr, Davisburg, MI 48350-1345
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-0433139
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Total area
11,200 SF
Lot
2.83 ac (123,275 SF)
Zoning code
M1
APN
U -07-03-326-008
UPID
US43-0433139
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
-
C & D Gage Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$980k
CAP Approach
CAP
$1.04M
Comparable Approach
Comparable
$842k
Blend (final)
Blend
$980k
Owner & transaction history
Michael Mcarthur · 2 yrs held
Michael Mcarthur
since 2024
Last sale
$980,000
7 recorded transactions
Zoning & alternative use
M1 · Davisburg, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.4M
+60.5%
Office building
$1.3M
+53.6%
Neighborhood: shopping center
$1.0M
+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 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
$980,000
ML approach
$980,000
CAP Approach
CAP Return
Estimation
6%
$1,125,000
6.5%
$1,035,000
7%
$965,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$855,000
Current use
AUTO REPAIR, GARAGE
$1,375,000
Change: +60% · Conversion: Easy
OFFICE BUILDING
$1,315,000
Change: +54% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,040,000
Change: +22% · Conversion: Moderate
Blend value · Realmo final
$980k
Range $882k – $1.08M · ±10% · vs last sale $980k (Apr 24 2024)
Last sale anchor
$980k
Apr 24 2024
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
$88 / 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
$13,697
Tax year 2023
Assessed value
$295,090
Assessed 2024
Previous assessed
$281,120
+5.0% YoY
Effective rate
4.64%
On assessed value
Total market value
$590,180
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2000
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
11,200 SF
Lot
2.83 ac (123,275 SF)
Zoning code
M1
APN
U -07-03-326-008
UPID
US43-0433139
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
M1 · Davisburg, MI
Zoning M1 · permitted uses
M1 · 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
WAREHOUSE, STORAGE Current
Est. value
$855,000
AUTO REPAIR, GARAGE
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
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
2000
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
2.83 ac
Current owner
From public records · entity-resolved
Michael Mcarthur
Individual
Free & Clear · 2 yrs held
Mailing address
6086 HOMESTEAD PL, GRAND BLANC, MI 48439-9137
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2024
—
Michael Mcarthur
Michael Mcarthur
Intrafamily Transfer
related
—
Aug 2, 2023
$980,000
Mcarthur Holdings LLC
10421 Enterprise LLC
Warranty Deed
$833,000 · The Huntington National Bank
Sep 10, 2021
$700,000
10421 Enterprise LLC
Ohara Properties LLC
Limited Warranty Deed
—
Jul 18, 2000
$245,000
Ohara Properties LLC
Bradley Investments INC
Grant Deed
—
Jul 18, 2000
—
Bradley Investments INC
Holly Green Assoc
Grant Deed
related
—
Jan 10, 2000
—
Ohara Properties LLC
Bradley Investments INC
Grant Deed
related
—
May 22, 1998
$133,402
Bradley Investments INC
Holly Green Associates
Grant Deed
$106,000 · Seller
—
—
Ohara Properties LLC
—
Deed Of Trust
related
$150,000 · State Bank
—
—
Ronald O'hara
—
Deed Of Trust
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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