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Property profile & analytics
FOR SALE
Data centers and call centers
160 Victor St, Highland Park, MI 48203
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US43-0382731
For Sale
1 / 4
$225,000
160 Victor St, Highland Park, MI 48203
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Property summary
AI-generated overview
This Highland Park, Michigan warehouse presents a unique investment opportunity at $225,000. Located at 160 Victor St, 48203, this single-story, 4,268 square foot building sits on a 0.29-acre lot with a fenced and paved yard. Built in 1964, the property features 3,000 square feet of rentable office space and 1,268 square feet of industrial space, with a 14-foot ceiling height. The warehouse includes one 9' x 12' grade-level dock high door and 220-volt power. Currently configured as a broadcast facility, this property offers significant potential for conversion back to its original warehouse/office use. The property is zoned for industrial use and offers a compelling price per square foot of $52.72. This is an excellent opportunity for an investor or business seeking a versatile space in a convenient location within Wayne County.
Property profile
Verified
Property type
Data centers and call centers
Use group
RADIO OR TV STATION
Year built
1964
Total area
4,268 SF
Lot
0.29 ac (12,632 SF)
APN
43 008 01 0041 000
UPID
US43-0382731
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
Steven Saunders · 6 yrs held
Steven Saunders
since 2020
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
$2,802
Tax year 2023
Assessed value
$32,800
Assessed 2024
Previous assessed
$32,400
+1.2% YoY
Effective rate
8.54%
On assessed value
Total market value
$65,600
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
Data centers and call centers
Use group
RADIO OR TV STATION
Status
For Sale
Year built
1964
Heating
FORCED AIR
Stories
1
Total area
4,268 SF
Lot
0.29 ac (12,632 SF)
APN
43 008 01 0041 000
UPID
US43-0382731
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
1964
Heating
FORCED AIR
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Steven Saunders
Individual
Mailing address
160 VICTOR ST, HIGHLAND PARK, MI 48203-3130
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
May 11, 2020
—
Steven Saunders
Low Altitude LLC
Quit Claim Deed
related
—
Jul 24, 2017
—
160 Victor LLC
—
Deed
related
$273,000 · Private Individual
Jun 23, 2011
$200,000
160 Victor LLC
Victor Studios LLC
Quit Claim Deed
related
—
—
—
Woodward Broadcasting LLC
—
Deed Of Trust
related
$300,000 · Locuspoint Networks LLC
—
—
Highland Park Broadcasting LP
—
Deed Of Trust
related
$300,000 · Locuspoint Networks LLC
—
—
160 Victor LLC
—
Deed Of Trust
related
$273,000 · Private Individual
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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