New search
Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Industrial properties
17550 Allen Rd Brownstown, MI 48193-8488
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0977575
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1997
Total area
9,350 SF
Lot
14.22 ac (619,423 SF)
Zoning code
I-1
APN
70 003 99 0016 702
UPID
US43-0977575
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
$656k
Blend (final)
Blend
$655k
Owner & transaction history
Allen Road Development LLC · 5 yrs held
Allen Road Development LLC
since 2021
5 recorded transactions
Zoning & alternative use
I-1 · Brownstown, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$880,000
+90.3%
Office building
$820,000
+77.3%
Retail stores
$770,000
+66.0%
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 Brownstown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brownstown 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)
$465,000
Current use
MEDICAL BUILDING
$880,000
Change: +90% · Conversion: Difficult
OFFICE BUILDING
$820,000
Change: +77% · Conversion: Difficult
RETAIL STORES
$770,000
Change: +66% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$745,000
Change: +61% · Conversion: Difficult
RESTAURANT
$720,000
Change: +56% · Conversion: Difficult
Blend value · Realmo final
$655k
Range $590k – $721k · ±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
$70 / 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
$253,984
Tax year 2023
Assessed value
$3,700,000
Assessed 2024
Previous assessed
$4,000,000
-7.5% YoY
Effective rate
6.86%
On assessed value
Total market value
$7,400,000
Applied tax rate
82,365.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1997
Heating
FORCED AIR
Stories
1
Total area
9,350 SF
Lot
14.22 ac (619,423 SF)
Zoning code
I-1
APN
70 003 99 0016 702
UPID
US43-0977575
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
I-1 · Brownstown, MI
Zoning I-1 · permitted uses
I-1 · Brownstown, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Brownstown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$465,000
MEDICAL BUILDING
Est. value
$880,000
OFFICE BUILDING
Est. value
$820,000
RETAIL STORES
Est. value
$770,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$745,000
RESTAURANT
Est. value
$720,000
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
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
1997
Heating
FORCED AIR
Stories
1
Lot
14.22 ac
Current owner
From public records · entity-resolved
Allen Road Development LLC
Entity
Mailing address
1021 LIVERNOIS ST, FERNDALE, MI 48220-1814
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Jan 8, 2021
—
Allen Road Development LLC
Nws Michigan LLC
Quit Claim Deed
related
$16,025 · Wells Fargo Bank NA
Aug 27, 2020
—
Allen Road Dev LLC
Rndc-nws LLC
Grant Deed
—
Dec 18, 2014
—
Nws Michigan LLC
—
Grant Deed
related
$180,000,000 · Wells Fargo Cap Fin
Mar 27, 2008
—
Nws Michigan INC
—
Deed Of Trust
related
$95,000,000 · Lasalle National Bank
—
—
Nws Michigan INC
—
Loan Modification
related
$31,440,000 · Wells Fargo 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.
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 17550 Allen 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.
