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Property profile & analytics
OFF-MARKET
Estimated value
$1,720,000
Flex space
17850 14th Mile Rd, Fraser, MI 48026-2271
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US43-1159056
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1973
Total area
27,848 SF
Lot
1.16 ac (50,530 SF)
Zoning code
IC
APN
03-14-05-201-003
UPID
US43-1159056
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
-
Protojet LLC Building Supply Metal Fabrication Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.31M
Comparable Approach
Comparable
$1.20M
Blend (final)
Blend
$1.72M
Owner & transaction history
Cw Equipment Company · 2 yrs held
Cw Equipment Company
since 2023
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
IC · Fraser, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.9M
+89.2%
Office building
$2.6M
+74.5%
Auto repair, garage
$2.4M
+58.3%
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
$1,795,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,505,000
6.5%
$2,310,000
7%
$2,145,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,515,000
Current use
COMMERCIAL (GENERAL)
$2,865,000
Change: +89% · Conversion: Difficult
OFFICE BUILDING
$2,640,000
Change: +74% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,395,000
Change: +58% · Conversion: Easy
WAREHOUSE, STORAGE
$1,880,000
Change: +24% · Conversion: Easy
Blend value · Realmo final
$1.72M
Range $1.55M – $1.89M · ±10% · vs last sale $1.90M (Sep 12 2023)
Last sale anchor
$1.90M
Sep 12 2023
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
$62 / 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
$26,549
Tax year 2022
Assessed value
$593,400
Assessed 2023
Previous assessed
$593,400
+0.0% YoY
Effective rate
4.47%
On assessed value
Total market value
$1,186,800
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
1973
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
27,848 SF
Lot
1.16 ac (50,530 SF)
Zoning code
IC
APN
03-14-05-201-003
UPID
US43-1159056
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
$1.5M
COMMERCIAL (GENERAL)
Est. value
$2.9M
OFFICE BUILDING
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.4M
WAREHOUSE, STORAGE
Est. value
$1.9M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1973
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.16 ac
Current owner
From public records · entity-resolved
Cw Equipment Company
Entity
Mailing address
17850 E 14TH MILE RD, FRASER, MI 48026-2271
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2023
$1,900,000
Cw Equipment Company
Hill Property Holdings LLC
Warranty Deed
$1,500,000 · Citizens Bank NA
Jul 6, 2017
—
Hill Property Holdings LLC
—
Deed
related
$690,000 · Jp Morgan Chase Bk
Jun 22, 2017
—
Hill Property Holdings LLC
—
Deed
related
$567,000 · Community Dev Commission
Oct 31, 2016
$775,000
Hill Property Holdings LLC
Lisa & Davids INC
Warranty Deed
related
$690,000 · Jp Morgan Chase Bk
May 19, 2016
—
Lisa & Davids INC
—
Deed
related
$376,962 · Pnc Bk
Aug 19, 2010
—
Lisa & Davids INC
—
Deed Of Trust
related
$1,000,000 · Pnc Bank
—
—
Lisa & Davids INC
—
Loan Modification
related
$285,657 · Pnc Bk
—
—
Lisa & Davids INC
—
Loan Modification
related
$688,350 · Pnc Bk
—
—
Lisa & Davids INC
—
Deed Of Trust
related
$1,000,000 · Pnc Bank
—
—
Lisa & Davids INC
—
Loan Modification
related
$376,962 · Pnc Bk
—
—
Hill Property Holdings LLC
—
Deed Of Trust
related
$567,000 · Community Dev Commission
—
—
Hill Property Holdings LLC
—
Deed Of Trust
related
$690,000 · Jp Morgan Chase 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.
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