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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Commercial real estate
11200 Highland Rd, Hartland, MI 48353-2704
Entity Owned
5-yr Hold
Free & Clear
Property ID
US43-1925642
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1994
Total area
5,268 SF
Lot
1.38 ac (60,113 SF)
Zoning code
OS
APN
08-22-300-037
UPID
US43-1925642
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
-
Hartland Eye Care: Thomas R. Doud, OD Physician
-
Hartland Eye Care Sunglasses Store Eye Care Center
-
Visual Learning Center Physician
-
Thomas Ralph Doud Physician
-
readsimple.org Special Education Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$600k
Comparable Approach
Comparable
$833k
Blend (final)
Blend
$850k
Owner & transaction history
Champ Three LLC · 5 yrs held
Champ Three LLC
since 2021
Last sale
$865,000
6 recorded transactions
Zoning & alternative use
OS · Hartland, 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 Hartland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hartland 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
$970,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$650,000
6.5%
$600,000
7%
$560,000
Blend value · Realmo final
$850k
Range $765k – $935k · ±10% · vs last sale $865k (Jun 4 2021)
Last sale anchor
$865k
Jun 4 2021
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
$161 / 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
$18,418
Tax year 2023
Assessed value
$457,300
Assessed 2024
Previous assessed
$457,300
+0.0% YoY
Effective rate
4.03%
On assessed value
Total market value
$914,600
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1994
Heating
FORCED AIR
Buildings
3
Stories
1
Total area
5,268 SF
Lot
1.38 ac (60,113 SF)
Zoning code
OS
APN
08-22-300-037
UPID
US43-1925642
Jurisdiction
LIVINGSTON
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
OS · Hartland, MI
Zoning OS · permitted uses
OS · Hartland, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hartland. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1994
Heating
FORCED AIR
Stories
1
Buildings
3
Lot
1.38 ac
Current owner
From public records · entity-resolved
Champ Three LLC
Entity
Free & Clear · 5 yrs held
Mailing address
872 N OLD US HWY 23, BRIGHTON, MI 48114-9634
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2021
$865,000
Champ Three LLC
Pineapple Developments LLC
Warranty Deed
—
Apr 8, 2014
$620,000
Pineapple Devs LLC
Rdtj INC
Grant Deed
$465,000 · United Bank & Trust Co
Mar 7, 2007
—
Rdtj INC
Real Estate Brokers INC
Quit Claim Deed
related
$700,000 · Brighton Commerce Bank
Feb 22, 2005
$30,000
Zacm59 LLC
Real Estate Brokers LLC
Warranty Deed
—
—
—
Pineapple Dev LLC
—
Deed Of Trust
related
$465,000 · United Bank & Trust Co
—
—
Zacm59 LLC
—
Deed Of Trust
related
$60,000 · Walter J Czop
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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