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Property profile & analytics
OFF-MARKET
Estimated value
$1,190,000
Warehouses
1477 En Territorial Rd, Whitmore Lake, MI 48189-8944
Entity Owned
3-yr Hold
Free & Clear
Property ID
US43-1150547
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1985
Total area
7,200 SF
Lot
5 ac (217,800 SF)
Zoning code
GI-GEN INDUSTRI
APN
B -02-21-300-016
UPID
US43-1150547
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
$940k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.19M
Owner & transaction history
North Territorial Properties Lc · 3 yrs held
North Territorial Properties Lc
since 2022
Last sale
$1.3M
5 recorded transactions
Zoning & alternative use
GI-GEN INDUSTRI · Whitmore Lake, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+77.0%
Commercial (general)
$1.0M
+68.2%
Retail stores
$830,000
+35.2%
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 Whitmore Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Whitmore Lake 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
$1,215,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,020,000
6.5%
$940,000
7%
$875,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,085,000
Change: +77% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,030,000
Change: +68% · Conversion: Difficult
RETAIL STORES
$830,000
Change: +35% · Conversion: Moderate
Blend value · Realmo final
$1.19M
Range $1.07M – $1.31M · ±10% · vs last sale $1.30M (Aug 24 2022)
Last sale anchor
$1.30M
Aug 24 2022
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
$165 / 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
$24,226
Tax year 2023
Assessed value
$419,200
Assessed 2024
Previous assessed
$394,900
+6.2% YoY
Effective rate
5.78%
On assessed value
Total market value
$838,400
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1985
Heating
FORCED AIR
Cooling
YES
Buildings
3
Total area
7,200 SF
Lot
5 ac (217,800 SF)
Zoning code
GI-GEN INDUSTRI
APN
B -02-21-300-016
UPID
US43-1150547
Jurisdiction
WASHTENAW
Zoning & alternative use
GI-GEN INDUSTRI · Whitmore Lake, MI
Zoning GI-GEN INDUSTRI · permitted uses
GI-GEN INDUSTRI · Whitmore Lake, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Whitmore Lake. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.0M
RETAIL STORES
Est. value
$830,000
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1985
Heating
FORCED AIR
Cooling
Yes
Buildings
3
Lot
5 ac
Current owner
From public records · entity-resolved
North Territorial Properties Lc
Entity
Free & Clear · 3 yrs held
Mailing address
7185 RYAN ST, WHITMORE LAKE, MI 48189-9672
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2022
$1,300,000
North Territorial Properties Lc
Advanced Disposal Svcs Solid Waste
Deed
—
Sep 19, 2014
$800,000
Advanced Disposal Services Sol
Monroes Rubbish Removal INC
Grant Deed
—
Dec 1, 2010
$550,000
Monroes Rubbish Removal INC
Yz Dev LLC
Grant Deed
—
Nov 23, 2010
—
Monroes Rubbish Removal INC
—
Deed Of Trust
related
$1,048,500 · United Bank & Trust Co
—
—
K X Investemtns LLC
—
Deed Of Trust
related
$310,000 · United Bank & Trust Co
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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