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Property profile & analytics
OFF-MARKET
Manufacturing properties
15841 2nd Ave Highland Park, MI 48203-3732
Entity Owned
4-yr Hold
Free & Clear
Property ID
US43-1800842
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1924
Total area
12,882 SF
Lot
1.24 ac (54,014 SF)
APN
43 006 01 0046 000
UPID
US43-1800842
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Heirs Enterprise INC · 4 yrs held
Heirs Enterprise INC
since 2022
6 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 Highland Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Highland Park 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,417
Tax year 2023
Assessed value
$17,200
Assessed 2024
Previous assessed
$16,300
+5.5% YoY
Effective rate
8.24%
On assessed value
Total market value
$34,400
Applied tax rate
82,070.0000
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
1924
Heating
FORCED AIR
Stories
1
Total area
12,882 SF
Lot
1.24 ac (54,014 SF)
APN
43 006 01 0046 000
UPID
US43-1800842
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
Building & site characteristics
From public records
Year built
1924
Heating
FORCED AIR
Stories
1
Lot
1.24 ac
Current owner
From public records · entity-resolved
Heirs Enterprise INC
Entity
Free & Clear · 4 yrs held
Mailing address
15841 2ND AVE, HIGHLAND PARK, MI 48203-3732
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2022
—
Heirs Enterprise INC
Heirs Enterprise INC
Intrafamily Transfer
related
—
Aug 19, 2021
—
Heirs Enterprise INC
Second Avenue Automotive INC
Quit Claim Deed
related
—
Jan 26, 2016
$20,000
Second Avenue Automotive Corp
Abc Realty LLC
Quit Claim Deed
related
—
Nov 16, 2012
$5,211
Abc Realty LLC
Treasurer Of Charter Cnty/wayne M
Quit Claim Deed
related
—
Sep 13, 2012
—
Treasurer Of Wayne County
Owner Name Unavailable
Tax Deed
related
—
Apr 1, 2009
—
Paragon Concepts Unlimited LLC
Harstead & Hercula
Quit Claim Deed
related
$20,000 · Harstead & Hercula
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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