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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Manufacturing properties
12717 Marlin Dr, Redford, MI 48239-2765
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0503384
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1963
Construction
CONCRETE BLOCKS
Total area
18,760 SF
Lot
1.14 ac (49,658 SF)
APN
79 037 99 0017 000
UPID
US43-0503384
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
$600k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$656k
Blend (final)
Blend
$600k
Owner & transaction history
Nova Trading LLC · 1 yrs held
Nova Trading LLC
since 2024
Last sale
$600,000
7 recorded transactions
Zoning & alternative use
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 Redford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Redford 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
$600,000
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$860,000
Current use
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $600k (Sep 12 2024)
Last sale anchor
$600k
Sep 12 2024
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
$32 / 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
$17,240
Tax year 2019
Assessed value
$260,100
Assessed 2024
Previous assessed
$260,100
+0.0% YoY
Effective rate
6.63%
On assessed value
Total market value
$520,200
Applied tax rate
82,140.0000
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
1963
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Stories
1
Rooms
4
Bathrooms
3
Total area
18,760 SF
Lot
1.14 ac (49,658 SF)
APN
79 037 99 0017 000
UPID
US43-0503384
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$860,000
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
1963
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Stories
1
Rooms
4
Bathrooms
3
Lot
1.14 ac
Current owner
From public records · entity-resolved
Nova Trading LLC
Entity
Mailing address
6855 FENTON ST, DEARBORN HEIGHTS, MI 48127-2116
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Sep 12, 2024
—
Nova Trading LLC
Nova Auto Group INC
Intrafamily Transfer
related
$450,000 · Bank Michigan
Sep 9, 2024
$600,000
Nova Auto Group INC
Ronald Panetta
Warranty Deed
—
May 20, 2019
$160,000
Ronald Panetta
Wilkie Mark L Trust
Warranty Deed
—
Feb 8, 2012
—
Ronald Panetta
Wilkie Mark L Trust
Grant Deed
—
Dec 8, 2011
—
Wilkie Mark L Trust
Ferguson Properties LLC
Quit Claim Deed
related
—
Oct 17, 2008
—
Cedan Holdings III LLC
Ferguson Properties LLC
Grant Deed
—
Mar 18, 2005
—
Ferguson Properties LLC
Ferguson Real Properties INC
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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