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Property profile & analytics
OFF-MARKET
Estimated value
$1,260,000
Super regional malls
10531 Highland Rd White Lake, MI 48386-2179
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0080087
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2006
Total area
12,000 SF
Lot
1.43 ac (62,291 SF)
Zoning code
BI
APN
Y -12-22-326-025
UPID
US43-0080087
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
-
Dairy Queen (Treats and Cakes) Grocery & Convenience Store Specialty Food Shop
-
1 Stop Computer Shop Tech Support Center IT Consulting Firm
-
Pita Way - White Lake Mediterranean Restaurant
-
Bardat Holdings Inc Holding Company
-
H&R Block Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.67M
Blend (final)
Blend
$1.26M
Owner & transaction history
Barbat Properties LLC · 14 yrs held
Barbat Properties LLC
since 2011
7 recorded transactions
Zoning & alternative use
BI · White Lake, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.1M
+86.0%
Retail stores
$2.0M
+81.4%
Medical building
$1.9M
+69.6%
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 White Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs White Lake 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
NEIGHBORHOOD: SHOPPING CENTER
$1,115,000
Current use
RESTAURANT
$2,075,000
Change: +86% · Conversion: Difficult
RETAIL STORES
$2,025,000
Change: +81% · Conversion: Easy
MEDICAL BUILDING
$1,895,000
Change: +70% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,470,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$1,405,000
Change: +26% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$970,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.26M
Range $1.13M – $1.39M · ±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
$105 / 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
$40,298
Tax year 2023
Assessed value
$857,770
Assessed 2024
Previous assessed
$857,770
+0.0% YoY
Effective rate
4.70%
On assessed value
Total market value
$1,715,540
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
2006
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
12,000 SF
Lot
1.43 ac (62,291 SF)
Zoning code
BI
APN
Y -12-22-326-025
UPID
US43-0080087
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · White Lake, MI
Zoning BI · permitted uses
BI · White Lake, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
White Lake. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.1M
RESTAURANT
Est. value
$2.1M
RETAIL STORES
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
INDUSTRIAL (GENERAL)
Est. value
$970,000
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
2006
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.43 ac
Current owner
From public records · entity-resolved
Barbat Properties LLC
Entity
Mailing address
30201 ORCH LK RD STE #110, FARMINGTON HILLS, MI 48334-5603
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2011
—
Barbat Properties LLC
Barbat,faud & Samira
Quit Claim Deed
related
$1,250,000 · Clarkston State Bank
Sep 20, 2006
$275,000
Fuad Barbat
Laflamme,joseph F & Theresa
Warranty Deed
—
Aug 10, 2006
—
Fuad Barbat
—
Trustees Deed
related
$550,000 · Oakland Commerce Bank
—
—
Barbat Properties LLC
—
Deed Of Trust
related
$2,130,000 · Miscellaneous Ins Co
—
—
Fuad Barbat
—
Deed Of Trust
related
$1,750,000 · Essam E & Gladis B Sedki
—
—
Fuad Barbat
—
Deed Of Trust
related
$475,000 · Oakland Commerce Bank
—
—
Fuad Barbat
—
Deed Of Trust
related
$250,000 · Oakland Commerce Bank
—
—
Fuad Barbat
—
Deed Of Trust
related
$250,000 · Michigan Commerce Bank
—
—
Barbat Properties LLC
—
Deed Of Trust
related
—
—
—
Barbat Properties LLC
—
Deed Of Trust
related
$1,600,000 · Essam B & Gladis E Sedki
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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