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Property profile & analytics
OFF-MARKET
Estimated value
$780,000
Industrial properties
13753 Otterson Ct, Livonia, MI 48150-1220
Entity Owned
1-yr Hold
Free & Clear
Property ID
US43-1435447
Property summary
AI-generated overview
This exceptional 11,400-square-foot warehouse, located at 13753 Otterson Ct in Livonia, Michigan, presents a fantastic opportunity. Situated in the Southern I-275 Corridor, this single-tenant property boasts a convenient location, easily accessible from Schoolcraft Service Drive, between Levan and Stark Roads. Built in 1978, the building sits on a 0.74-acre lot and features a single story with an impressive 18-foot ceiling height. The warehouse offers ample functionality with two dock-high doors and two drive-in doors, ensuring efficient loading and unloading. Parking is readily available with 29 spaces provided. The property is fully vacant, offering immediate occupancy for a new tenant. The interior includes updated, deluxe offices, adding a professional touch. The building is powered by a robust 1000 amps, 480 volts system. Zoned for industrial use (Ind. Improved) within Wayne County, this property is an excellent choice for businesses seeking a well-maintained, strategically located warehouse space. The property's address is 13753 Otterson Ct, Livonia, MI 48150.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1978
Construction
CONCRETE BLOCKS
Total area
11,388 SF
Lot
0.75 ac (32,670 SF)
APN
46 110 05 0007 000
UPID
US43-1435447
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
-
Thixomat Car Dealership Car Wash
-
nanoMAG, LLC Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$779k
Blend (final)
Blend
$780k
Owner & transaction history
Rpmm Property Management INC · 1 yrs held
Rpmm Property Management INC
since 2025
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+27.6%
Commercial (general)
$1.2M
+25.8%
Medical building
$1.1M
+16.0%
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 Livonia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Livonia 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)
$925,000
Current use
RESTAURANT
$1,180,000
Change: +28% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,165,000
Change: +26% · Conversion: Difficult
MEDICAL BUILDING
$1,070,000
Change: +16% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$905,000
Change: -2% · Conversion: Difficult
RETAIL STORES
$865,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$780k
Range $702k – $858k · ±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
$68 / 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
$12,785
Tax year 2023
Assessed value
$225,700
Assessed 2024
Previous assessed
$213,700
+5.6% YoY
Effective rate
5.66%
On assessed value
Total market value
$451,400
Applied tax rate
82,095.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1978
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
4
Total area
11,388 SF
Lot
0.75 ac (32,670 SF)
APN
46 110 05 0007 000
UPID
US43-1435447
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
$925,000
RESTAURANT
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$905,000
RETAIL STORES
Est. value
$865,000
INDUSTRIAL (GENERAL) Current
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1978
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
4
Lot
0.75 ac
Current owner
From public records · entity-resolved
Rpmm Property Management INC
Entity
Free & Clear · 1 yrs held
Mailing address
13753 OTTERSON CT, LIVONIA, MI 48150-1220
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2025
—
Rpmm Property Management INC
Gos LLC
Warranty Deed
—
May 30, 2008
—
Christopher Management 4 LLC
Christopher Management
Quit Claim 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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