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Property profile & analytics
OFF-MARKET
Estimated value
$1,965,000
Industrial properties
10769 Plz Dr, Whitmore Lake, MI 48189-9737
Individually Owned
14-yr Hold
~
Est. High Equity
Property ID
US43-1954183
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Total area
41,228 SF
Lot
3.9 ac (169,884 SF)
Zoning code
LI
APN
16-29-300-019
UPID
US43-1954183
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
-
Aero & Auto Stud Specialists Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.97M
Blend (final)
Blend
$1.97M
Owner & transaction history
Aero Specialists · 14 yrs held
Aero Specialists
since 2012
7 recorded transactions
Zoning & alternative use
LI · Whitmore Lake, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Whitmore Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Whitmore 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
INDUSTRIAL (GENERAL)
$2,505,000
Current use
Blend value · Realmo final
$1.97M
Range $1.77M – $2.16M · ±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
$48 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$17,758
Tax year 2019
Assessed value
$1,210,700
Assessed 2023
Previous assessed
$619,600
+95.4% YoY
Effective rate
1.47%
On assessed value
Total market value
$2,421,400
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
41,228 SF
Lot
3.9 ac (169,884 SF)
Zoning code
LI
APN
16-29-300-019
UPID
US43-1954183
Jurisdiction
LIVINGSTON
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
LI · Whitmore Lake, MI
Zoning LI · permitted uses
LI · Whitmore Lake, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Whitmore Lake. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.5M
INDUSTRIAL (GENERAL) Current
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
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
3.9 ac
Current owner
From public records · entity-resolved
Aero Specialists
Individual
Mailing address
10769 PLZ DR BLDG #5, WHITMORE LAKE, MI 48189-9737
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2024
—
Aero & Auto Stud Specialists INC
—
Deed
related
$600,000 · The Huntington National Bank
Feb 1, 2022
—
Aero & Auto Specialists INC
—
Deed
related
$1,044,000 · The Huntington National Bank
Dec 6, 2018
—
Aero & Auto Stud Specialists I
—
Deed
related
$1,128,317 · Pnc Bk
Jan 13, 2012
—
Aero Specialists
Csfb 2002-cp5 Metaldyne Props
Grant Deed
$450,000 · Fifth Third Bank
Aug 10, 2011
—
Csfb 2002-cp5 Metaldyne Props
Spirit Spe Portfolio 2005-1 Ll
Warranty Deed
related
—
Jun 3, 2005
—
Spirit Spe Portfolio 2005-1 Ll
Kojaian Md Multi-state LLC
Grant Deed
—
Feb 25, 2002
—
Kojaian Md Green Oak LLC
Metaldyne Tubular Products INC
Grant Deed
$1,241,424 · Lehman Brothers Holdings INC
—
—
Aero & Auto Stud Specialists I
—
Loan Modification
related
$1,128,317 · Pnc Bk
—
—
Metaldyne Tubular Products INC
—
Deed Of Trust
related
—
—
—
Aero Specialists
—
Deed Of Trust
related
$950,000 · Pnc Bank
—
—
Aero Specialists
—
Deed Of Trust
related
$1,150,000 · Pnc Bank
—
—
Metaldyne Tubular Products INC
—
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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