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Financial
Distress signals
Property profile

10505 Plaza Dr Whitmore Lake, MI 48189

FOR LEASE
Industrial properties
Property ID
US43-1519749
73,711 SF 6.77 ac lot Built 1989
Last sale Dec 2013
Entity Owned Owner of record is a legal entity (LLC / corporation). 12-yr Hold Held for 12 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 80,000-square-foot industrial property in Whitmore Lake, Michigan, offers a unique opportunity for businesses seeking flexible manufacturing, warehouse, or distribution space. Located at 10505 Plaza Drive, 48189, this multi-tenant building boasts a range of unit sizes, with a minimum divisible space of 8,400 square feet and a maximum contiguous space of 26,800 square feet. Currently, 35,200 square feet is available. Built in 1989, the facility features impressive ceiling…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2019

What does the county charge?
$36k
Tax billed · 2019
Assessed value · 2023$1.48M
Effective rate2.44%

Value estimate

· Oct 2026
$2.70M
$2.43M – $2.96M
Submarket $/SF estimate$2.70M
NOI build-up
Gross scheduled income$76k
Vacancy & credit loss−$3k
Operating expenses−$22k
NOI · 536,442.11% cap applied$51k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$61/SF
County average, outlier-cleaned · 34 recorded sales of this use type
Observed band · Q1–Q3$37 – $80

Cap rate analysis

How does the asset earn?
536,442.11%
$51k 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?
LI
JurisdictionLIVINGSTON

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop9.3
Restaurant9.2
Storage Facility9.0

Location

10505 Plaza Dr Whitmore Lake, MI 48189
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file 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 · 10 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
6556 Whitmore Lk, Whitmore Lake, MI 48189-9257 $3,750,000 Oct 2024 3,640 SF
11001 Lemen, Whitmore Lake, MI 48189-9713 $1,010,000 May 2024 19,024 SF
8711 Main, Whitmore Lake, MI 48189-9248 $317,000 Jul 2019 4,800 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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