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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Office buildings
1641 Milford Rd Highland, MI 48357-4886
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-5257302
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Total area
6,279 SF
Lot
0.57 ac (24,829 SF)
Zoning code
BI
APN
H -11-27-376-016
UPID
US43-5257302
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
$774k
Blend (final)
Blend
$645k
Owner & transaction history
Holven Properties-milford LLC · 5 yrs held
Holven Properties-milford LLC
since 2020
Last sale
$580,000
7 recorded transactions
Zoning & alternative use
BI · Highland, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.1M
+43.9%
Medical building
$990,000
+34.6%
Auto repair, garage
$770,000
+4.5%
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 submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Highland 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
$645,000
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
$735,000
Current use
RETAIL STORES
$1,060,000
Change: +44% · Conversion: Moderate
MEDICAL BUILDING
$990,000
Change: +35% · Conversion: Easy
AUTO REPAIR, GARAGE
$770,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$645k
Range $581k – $710k · ±10% · vs last sale $580k (Dec 21 2020)
Last sale anchor
$580k
Dec 21 2020
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
$103 / 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
$16,679
Tax year 2023
Assessed value
$448,190
Assessed 2024
Previous assessed
$434,420
+3.2% YoY
Effective rate
3.72%
On assessed value
Total market value
$896,380
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
2000
Heating
ZONE
Cooling
YES
Stories
1
Units
1
Total area
6,279 SF
Lot
0.57 ac (24,829 SF)
Zoning code
BI
APN
H -11-27-376-016
UPID
US43-5257302
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Highland, MIZoning BI · permitted uses
BI · Highland, MI
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
OFFICE BUILDING Current
Est. value
$735,000
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$990,000
AUTO REPAIR, GARAGE
Est. value
$770,000
OFFICE BUILDING Current
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
2000
Heating
ZONE
Cooling
Yes
Stories
1
Units
1
Lot
0.57 ac
Current owner
From public records · entity-resolved
Holven Properties-milford LLC
Entity
Mailing address
3977 LOCH BND DR, COMMERCE TOWNSHIP, MI 48382-4342
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2021
—
Holven Properties Milford LLC
—
Deed
related
$345,000 · Bank Of Ann Arbor
Dec 21, 2020
$580,000
Holven Properties-milford LLC
Jeo Properties LLC
Warranty Deed
$7,500 · Tcf Nat'l Bk
Jun 9, 2011
$315,000
Jeo Properties LLC
First Natl Bk Of Howell
Grant Deed
—
Sep 1, 2009
$367,894
First Natl Bk Of Howell
Sheriff Of Oakland County
Trustees Deed
related
—
Jul 1, 2004
—
Main Street Milford LLC
Heyn Linden LLC
Quit Claim Deed
related
$590,000 · First National Bank Howell
Jul 1, 2004
$790,000
Trepka Industries LLC
Main Street Milford LLC
Warranty Deed
$590,000 · First National Bank Howell
Jan 11, 2001
$650,000
Main Street Milford LLC
Stonecrest Land Dev LLC
Grant Deed
$315,000 · Old Kent Bank
—
—
Main Street Milford LLC
—
Deed Of Trust
related
$476,956 · Fifth Third Bank Eastern Mi
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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