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Property profile & analytics
OFF-MARKET
Estimated value
$2,440,000
Industrial properties
110 Premier Dr Lake Orion, MI 48359-1881
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1646563
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1987
Total area
39,183 SF
Lot
2.6 ac (113,256 SF)
Zoning code
II
APN
O -09-35-452-002
UPID
US43-1646563
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.01M
Blend (final)
Blend
$2.44M
Owner & transaction history
Fultonush Ormi LLC · 4 yrs held
Fultonush Ormi LLC
since 2021
7 recorded transactions
Zoning & alternative use
II · Lake Orion, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
ZONING ORDINANCE
Top alternative use upside
Neighborhood: shopping center
$3.6M
+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 Lake Orion submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Orion 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)
$3,175,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,645,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$2.44M
Range $2.20M – $2.68M · ±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
$62 / 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
$54,325
Tax year 2023
Assessed value
$1,093,670
Assessed 2024
Previous assessed
$1,038,630
+5.3% YoY
Effective rate
4.97%
On assessed value
Total market value
$2,187,340
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 LOFT BUILDING
Status
Off-Market
Year built
1987
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
39,183 SF
Lot
2.6 ac (113,256 SF)
Zoning code
II
APN
O -09-35-452-002
UPID
US43-1646563
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
II · Lake Orion, MIZoning II · permitted uses
II · Lake Orion, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
ZONING ORDINANCE
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.6M
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
1987
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
2.6 ac
Current owner
From public records · entity-resolved
Fultonush Ormi LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1 PRESIDENTIAL BLVD STE #201, BALA CYNWYD, PA 19004-1007
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Nov 3, 2021
—
Fultonush Ormi LLC
Premier Self Storage LLC
Deed
—
Dec 22, 2020
—
Premier Self Storage LLC
110 Premier Drive LLC
Correction Deed
related
$5,082,000 · A2j Second LLC
Apr 24, 2020
—
Premier Self Storage LLC
—
Deed
related
$5,034,227 · Comerica Bk
Aug 28, 2018
—
Premier Self Storage LLC
—
Deed
related
$2,410,000 · Comerica Bk
Jul 23, 2015
—
Premier Self Storage LLC
110 Premier Drive LLC
Warranty Deed
—
May 1, 2000
—
110 Ellen Drive LLC
Orion Business Park LP
Quit Claim Deed
related
—
Apr 7, 2000
—
110 Ellen Drive LLC
Bald Mountain West
Quit Claim Deed
related
—
—
—
Premier Self Storage LLC
—
Loan Modification
related
$5,034,227 · Comerica Bk
—
—
Premier Self Storage LLC
—
Loan Modification
related
$2,410,000 · Comerica Bk
—
—
Premier Self Storage LLC
—
Deed Of Trust
related
$5,082,000 · A2j Second LLC
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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