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Property profile & analytics
OFF-MARKET
Estimated value
$3,870,000
Manufacturing properties
1235 Holden Ave, Milford, MI 48381-3137
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-0944920
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1981
Total area
71,793 SF
Lot
5.06 ac (220,414 SF)
Zoning code
II
APN
L -16-22-300-040
UPID
US43-0944920
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
$3.65M
Blend (final)
Blend
$3.87M
Owner & transaction history
United States Small Business Admin · 4 yrs held
United States Small Business Admin
since 2022
Last sale
$3.9M
7 recorded transactions
Zoning & alternative use
II · Milford, 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 Milford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milford 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
$4,075,000
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)
$5,815,000
Current use
Blend value · Realmo final
$3.87M
Range $3.48M – $4.26M · ±10% · vs last sale $3.88M (Jul 14 2021)
Last sale anchor
$3.88M
Jul 14 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
$54 / 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
$100,607
Tax year 2023
Assessed value
$2,133,460
Assessed 2024
Previous assessed
$2,054,800
+3.8% YoY
Effective rate
4.72%
On assessed value
Total market value
$4,266,920
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1981
Heating
GAS
Cooling
YES
Buildings
3
Stories
1
Units
1
Total area
71,793 SF
Lot
5.06 ac (220,414 SF)
Zoning code
II
APN
L -16-22-300-040
UPID
US43-0944920
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
II · Milford, MI
Zoning II · permitted uses
II · Milford, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Milford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$5.8M
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
Year built
1981
Heating
GAS
Cooling
Yes
Stories
1
Buildings
3
Units
1
Lot
5.06 ac
Current owner
From public records · entity-resolved
United States Small Business Admin
Individual
Free & Clear · 4 yrs held
Mailing address
7400 HICKORY VLY DR, FENTON, MI 48430-9267
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Apr 8, 2022
—
United States Small Business Admin
Michigan Certified Development Corp
Assignment Of Lease (leasehold Sale)
—
Apr 5, 2022
—
1235 Holden Avenue LLC
—
Deed
related
$1,611,000 · Michigan Certified Development Corporati
Jul 14, 2021
$3,875,000
1235 Holden Avenue LLC
Holden Hayden LLC
Warranty Deed
$1,987,500 · The State Bank
Sep 28, 2018
—
Holden Hayden LLC
Ronco Holden LLC
Quit Claim Deed
$2,730,000 · Michigan Schools & Gov't Cu
Jan 5, 2018
—
Ronco Holden LLC
1235 Holden LLC
Warranty Deed
—
Dec 11, 2014
—
Ab Heller INC
Holden,peter G & Clare M
Quit Claim Deed
related
—
—
—
1235 Holden LLC
—
Deed Of Trust
related
$1,450,000 · Comerica 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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