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Property profile & analytics
OFF-MARKET
Estimated value
$2,020,000
Warehouses
180 Church St, Lake Orion, MI 48362-3129
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0250927
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1950
Total area
44,480 SF
Lot
3.62 ac (157,687 SF)
Zoning code
II
APN
OL-09-02-403-017
UPID
US43-0250927
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
-
R Garrett Electric Inc Building Supply Electrical Service
-
U-Store Self Storage Storage Facility
-
SpareBox Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.24M
Blend (final)
Blend
$2.02M
Owner & transaction history
Sbs Mi 2021 LLC · 4 yrs held
Sbs Mi 2021 LLC
since 2021
7 recorded transactions
Zoning & alternative use
II · Lake Orion, MI
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 Lake Orion submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Orion 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
Blend value · Realmo final
$2.02M
Range $1.82M – $2.22M · ±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
$45 / 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
$34,724
Tax year 2023
Assessed value
$783,200
Assessed 2024
Previous assessed
$736,780
+6.3% YoY
Effective rate
4.43%
On assessed value
Total market value
$1,566,400
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1950
Heating
GAS
Buildings
5
Stories
1
Units
1
Total area
44,480 SF
Lot
3.62 ac (157,687 SF)
Zoning code
II
APN
OL-09-02-403-017
UPID
US43-0250927
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
II · Lake Orion, MI
Zoning II · permitted uses
II · Lake Orion, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Orion. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1950
Heating
GAS
Stories
1
Buildings
5
Units
1
Lot
3.62 ac
Current owner
From public records · entity-resolved
Sbs Mi 2021 LLC
Entity
Mailing address
4045 PECOS ST STE #201, DENVER, CO 80211-2567
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2024
—
Sbs Mi 2021 LLC
—
Deed
related
$485,000,000 · Bank Of America NA
Sep 23, 2022
—
Sbs Mi 2021 LLC
—
Deed
related
$462,500,000 · Bank Of America NA
Nov 18, 2021
—
Sbs Mi 2021 LLC
—
Deed
related
$31,574 · Jpmorgan Chase Bank NA
Nov 16, 2021
—
Sbs Mi 2021 LLC
U Store Lake Orion LLC
Deed
—
Apr 13, 2016
—
U-store Lake Orion LLC
Church Street Dev Co
Warranty Deed
$4,690,000 · Keybank USA
Jun 21, 2002
—
Church Street Development
Church Street Development
Quit Claim Deed
related
$845,000 · Ubs Warburg Real Estate Inv
—
—
Church Street Dev Co
—
Deed Of Trust
related
$700,000 · Oxford Bank & Trust
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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