New search
Property profile & analytics
OFF-MARKET
Estimated value
$4,755,000
Flex space
16711 13th Mile Rd, Fraser, MI 48026-2555
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US43-1037530
Property summary
AI-generated overview
This exceptional 39,414-square-foot building in Macomb County offers a unique blend of executive office and manufacturing space, perfect for a variety of businesses. Built in 1965 and extensively renovated in 2021, the property sits on a generous 6.37-acre lot and is zoned I-C. The entire building, totaling 39,414 square feet, is currently available for lease. The manufacturing area boasts impressive features including a 20-ton crane and robust 1600 Amps-480v power supply. The well-lit shop area benefits from abundant natural light from windows on both sides. The finished office space is equipped with a convenient lunchroom and separate restrooms for both the shop and office areas. Beyond the main square footage, a mezzanine level provides additional restroom facilities and office space. Ample parking is available on-site. Ceiling heights range from 16 to 28 feet, offering versatile space for various operational needs. This property presents a rare opportunity to secure a fully functional and modern industrial/office space in a desirable Macomb County location.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1965
Total area
83,973 SF
Lot
6.37 ac (277,477 SF)
Zoning code
IC
APN
03-14-06-478-020
UPID
US43-1037530
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
-
NRTC Automation Production Facility
-
LSC Industries General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.75M
Blend (final)
Blend
$4.76M
Owner & transaction history
Titan Property Holdings LLC · 10 yrs held
Titan Property Holdings LLC
since 2016
6 recorded transactions
Zoning & alternative use
IC · Fraser, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.2M
+58.3%
Warehouse, storage
$5.7M
+24.1%
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 Fraser submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fraser 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
INDUSTRIAL (GENERAL)
$4,565,000
Current use
AUTO REPAIR, GARAGE
$7,225,000
Change: +58% · Conversion: Easy
WAREHOUSE, STORAGE
$5,665,000
Change: +24% · Conversion: Easy
Blend value · Realmo final
$4.76M
Range $4.28M – $5.23M · ±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
$57 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$92,833
Tax year 2022
Assessed value
$2,347,700
Assessed 2023
Previous assessed
$1,685,300
+39.3% YoY
Effective rate
3.95%
On assessed value
Total market value
$4,695,400
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1965
Heating
FORCED AIR
Stories
1
Total area
83,973 SF
Lot
6.37 ac (277,477 SF)
Zoning code
IC
APN
03-14-06-478-020
UPID
US43-1037530
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
IC · Fraser, MI
Zoning IC · permitted uses
IC · Fraser, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fraser. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$7.2M
WAREHOUSE, STORAGE
Est. value
$5.7M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1965
Heating
FORCED AIR
Stories
1
Lot
6.37 ac
Current owner
From public records · entity-resolved
Titan Property Holdings LLC
Entity
Mailing address
26020 SHERWOOD AVE, WARREN, MI 48091-1252
Ownership since
2016
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
Aug 21, 2018
—
Titan Property Holdings LLC
—
Deed
related
$2,000,000 · Comerica Bk
Aug 7, 2017
—
Titan Property Holdings LLC
—
Deed
related
$2,000,000 · Comerica Bk
Mar 24, 2016
—
Titan Property Holdings LLC
Doubledown Properties LLC
Warranty Deed
$2,350,000 · * Other Institutional Lenders
May 16, 2007
—
Logghe Properties LLC
Logghe Properties
Quit Claim Deed
related
—
—
—
Titan Property Holdings LLC
—
Deed Of Trust
related
$2,000,000 · Comerica Bk
—
—
Titan Property Holdings LLC
—
Loan Modification
related
$2,000,000 · Comerica Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 16711 13th Mile Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
