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Property profile & analytics
OFF-MARKET
Estimated value
$2,725,000
Industrial properties
12877 Emerson Dr Brighton, MI 48116-8559
Entity Owned
13-yr Hold
Free & Clear
Property ID
US43-1913602
Property summary
AI-generated overview
Exceptional investment opportunity: a three-story, 35,636 square foot multi-tenant flex/warehouse building in Brighton, MI (48116). This 2022 renovated property boasts high-end finishes, abundant natural light, and stunning Trout Lake views. The building features four units, two dock-high doors, one drive-in overhead door, and a 22-foot ceiling clearance in the warehouse area. Conveniently located near Grand River, I-96, and US-23, this prime location offers easy access to major transportation routes. Amenities include an underground parking garage with code access and elevator service on each floor. The building's design caters to owner-users and investors alike, with suites built to suit tenant needs. Its strategic corner location at Kensington Road and Emerson Drive provides excellent visibility and accessibility. This rare offering presents a unique chance to acquire a modern, well-appointed industrial property with exceptional features and a desirable location.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Total area
34,200 SF
Lot
1.53 ac (66,647 SF)
Zoning code
RO
APN
16-11-201-002
UPID
US43-1913602
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
$2.72M
Blend (final)
Blend
$2.73M
Owner & transaction history
Sport Tech Corp · 13 yrs held
Sport Tech Corp
since 2013
4 recorded transactions
Zoning & alternative use
RO · Brighton, 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 Brighton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brighton 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)
$2,075,000
Current use
Blend value · Realmo final
$2.73M
Range $2.45M – $3.00M · ±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
$80 / 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
$9,279
Tax year 2019
Assessed value
$2,164,400
Assessed 2023
Previous assessed
$233,200
+828.1% YoY
Effective rate
0.43%
On assessed value
Total market value
$4,328,800
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 (GENERAL)
Status
Off-Market
Heating
FORCED AIR
Buildings
4
Total area
34,200 SF
Lot
1.53 ac (66,647 SF)
Zoning code
RO
APN
16-11-201-002
UPID
US43-1913602
Jurisdiction
LIVINGSTON
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
RO · Brighton, MI
Zoning RO · permitted uses
RO · Brighton, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Brighton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.1M
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
Heating
FORCED AIR
Buildings
4
Lot
1.53 ac
Current owner
From public records · entity-resolved
Sport Tech Corp
Entity
Free & Clear · 13 yrs held
Mailing address
12264 BOULDER PASS, MILFORD, MI 48380-2881
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2013
$160,000
Sport Tech Corp
Devin Properties LLC
Grant Deed
—
Mar 28, 2003
$186,630
Devin Properties LLC
Thaens,gregory D & Dorene
Grant Deed
$150,000 · First National Bank Howell
Jun 1, 2001
—
Gregory D Thaens
P & T Management LLC
Quit Claim Deed
related
—
Jun 13, 2000
$120,000
Gregory D Thaens
P & T Management LLC
Grant Deed
—
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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