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Property profile & analytics
OFF-MARKET
Estimated value
$1,010,000
Manufacturing properties
10585 Enterprise Dr, Davisburg, MI 48350-1338
Entity Owned
3-yr Hold
Free & Clear
Property ID
US43-1337471
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1998
Total area
15,475 SF
Lot
3.5 ac (152,460 SF)
Zoning code
M1-LITE
APN
U -07-03-326-012
UPID
US43-1337471
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
-
General Inspection, LLC Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$1.01M
Owner & transaction history
10585 Enterprise Drive LLC · 3 yrs held
10585 Enterprise Drive LLC
since 2023
7 recorded transactions
Zoning & alternative use
M1-LITE · Davisburg, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.4M
+14.9%
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
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
INDUSTRIAL (GENERAL)
$1,255,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,440,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$1.01M
Range $909k – $1.11M · ±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
$65 / 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
$20,499
Tax year 2023
Assessed value
$453,840
Assessed 2024
Previous assessed
$432,940
+4.8% YoY
Effective rate
4.52%
On assessed value
Total market value
$907,680
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1998
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
15,475 SF
Lot
3.5 ac (152,460 SF)
Zoning code
M1-LITE
APN
U -07-03-326-012
UPID
US43-1337471
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
M1-LITE · Davisburg, MI
Zoning M1-LITE · permitted uses
M1-LITE · 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
INDUSTRIAL (GENERAL) Current
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
INDUSTRIAL (GENERAL) Current
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
1998
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
3.5 ac
Current owner
From public records · entity-resolved
10585 Enterprise Drive LLC
Entity
Free & Clear · 3 yrs held
Mailing address
10585 ENTERPRISE DR, DAVISBURG, MI 48350-1338
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Jun 22, 2023
—
10585 Enterprise Drive LLC
Comet Investments LLC
Land Contract
—
Sep 14, 2018
$1,000,000
Comet Investments LLC
Nygaard Land Development LLC
Warranty Deed
$1,000,000 · Isabella Bank
Mar 24, 2017
—
Nygaard Land Dev LLC
—
Deed
related
$700,000 · Private Individual
Aug 21, 2003
—
Nygaard Land Development LLC
—
Deed Of Trust
related
$45,000,000 · Pnc Bank
—
—
Nygaard Land Devevelopment LLC
—
Deed Of Trust
related
—
—
—
Nygaard Land Development LLC
—
Deed Of Trust
related
$700,000 · Mnp Corp
—
—
Nygaard Land Dev LLC
—
Loan Modification
related
$700,000 · Private Individual
—
—
Nygaard Land Dev LLC
—
Deed Of Trust
related
$45,000 · Pnc Bank
—
—
Nygaard Land Development LLC
—
Deed Of Trust
related
$1,084,000 · Nbd 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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