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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Office buildings
15 Burdick St, Oxford, MI 48371-4923
Entity Owned
1-yr Hold
Free & Clear
Property ID
US43-4344587
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1950
Total area
4,721 SF
Lot
0.13 ac (5,663 SF)
Zoning code
BI
APN
PO-04-22-460-045
UPID
US43-4344587
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
-
Macy Insurance Agency, Inc. Insurance Agency
-
Elizabeth Waters Berkshire Hathaway Kee Realty Real Estate Agency
-
PATTY MEIXELL / BHHS Kee Realty Real Estate Agency
-
John Burt, Real Living John Burt Realty Real Estate Agency
-
Berkshire Hathaway HomeServices Kee Realty Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$595k
Blend (final)
Blend
$500k
Owner & transaction history
15 E Burdick LLC · 1 yrs held
15 E Burdick LLC
since 2024
5 recorded transactions
Zoning & alternative use
BI · Oxford, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$830,000
+50.2%
Retail stores
$795,000
+43.9%
Medical building
$745,000
+34.6%
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 Oxford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oxford 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
OFFICE BUILDING
$555,000
Current use
COMMERCIAL (GENERAL)
$830,000
Change: +50% · Conversion: Easy
RETAIL STORES
$795,000
Change: +44% · Conversion: Moderate
MEDICAL BUILDING
$745,000
Change: +35% · Conversion: Easy
AUTO REPAIR, GARAGE
$580,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$500k
Range $450k – $550k · ±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
$106 / 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
$5,365
Tax year 2023
Assessed value
$236,980
Assessed 2024
Previous assessed
$228,390
+3.8% YoY
Effective rate
2.26%
On assessed value
Total market value
$473,960
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1950
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
4,721 SF
Lot
0.13 ac (5,663 SF)
Zoning code
BI
APN
PO-04-22-460-045
UPID
US43-4344587
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Oxford, MI
Zoning BI · permitted uses
BI · Oxford, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Oxford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$555,000
COMMERCIAL (GENERAL)
Est. value
$830,000
RETAIL STORES
Est. value
$795,000
MEDICAL BUILDING
Est. value
$745,000
AUTO REPAIR, GARAGE
Est. value
$580,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1950
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
15 E Burdick LLC
Entity
Free & Clear · 1 yrs held
Mailing address
15 E BURDICK ST, OXFORD, MI 48371-4923
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2024
—
15 E Burdick LLC
Burt Family Revocable Living Trust
Land Contract
—
Mar 18, 2014
—
Burt Family Living Trust
Burt,john W & Julie A
Quit Claim Deed
related
—
Nov 3, 1998
$100,000
John Burt
Bushman,martin J & Shelia M
Trustees Deed
$150,000 · Oxford Bank
Mar 27, 1998
—
John Burt
Bushman,martin J & Sheila M
Grant Deed
related
—
—
—
John W Burt
—
Deed Of Trust
related
$150,000 · Oxford 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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