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Property profile & analytics
OFF-MARKET
Commercial real estate
11459 Lambs Rd, Riley, MI 48041-3207
Individually Owned
4-yr Hold
Free & Clear
Property ID
US43-4511586
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1940
Total area
7,935 SF
Lot
3.02 ac (131,551 SF)
Zoning code
AR
APN
74-29-026-1002-500
UPID
US43-4511586
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jason Brickel · 4 yrs held
Jason Brickel
since 2022
Last sale
$187,000
7 recorded transactions
Zoning & alternative use
AR · Riley, 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 Riley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riley 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,399
Tax year 2023
Assessed value
$169,300
Assessed 2024
Previous assessed
$169,300
+0.0% YoY
Effective rate
4.96%
On assessed value
Total market value
$338,600
Applied tax rate
29.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1940
Heating
FORCED AIR
Total area
7,935 SF
Lot
3.02 ac (131,551 SF)
Zoning code
AR
APN
74-29-026-1002-500
UPID
US43-4511586
Jurisdiction
SAINT CLAIR
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
AR · Riley, MI
Zoning AR · permitted uses
AR · Riley, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Riley. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1940
Heating
FORCED AIR
Lot
3.02 ac
Current owner
From public records · entity-resolved
Jason Brickel
Individual
Free & Clear · 4 yrs held
Mailing address
9691 LAMBS RD, WALES, MI 48027-2917
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2022
$187,000
Jason Brickel
Donna M Deblouw
Warranty Deed
—
Nov 18, 2011
$50,500
Henry Deblouw
Fannie Mae
Grant Deed
—
Mar 12, 2010
—
Federal Natl Mtg Assn Fnma
Chase Hm Fin LLC
Quit Claim Deed
—
Feb 22, 2010
$204,446
Chase Hm Fin LLC
Sheriff Of St Clair County
Trustees Deed
related
—
Oct 31, 2006
—
Lambs Road Apartments LLC
Borowy,cynthia M
Quit Claim Deed
related
—
Jul 10, 2006
$240,000
Cynthia M Borowy
Bernard J Ritter
Warranty Deed
$178,750 · Suntrust Mortgage INC
Jul 10, 2006
—
Steven Ritter
Winkle,alicia A
Quit Claim Deed
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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