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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Industrial properties
1955 Bellingham Dr, Troy, MI 48083-2060
Entity Owned
2-yr Hold
Free & Clear
Property ID
US43-1570896
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1986
Total area
4,915 SF
Lot
0.99 ac (43,124 SF)
Zoning code
M-1
APN
88-20-26-451-038
UPID
US43-1570896
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
$600k
CAP Approach
CAP
$375k
Comparable Approach
Comparable
$558k
Blend (final)
Blend
$600k
Owner & transaction history
Russell Landscaping INC · 2 yrs held
Russell Landscaping INC
since 2024
Last sale
$600,000
2 recorded transactions
Zoning & alternative use
M-1 · Troy, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$880,000
+99.2%
Retail stores
$830,000
+87.5%
Medical building
$775,000
+75.3%
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 Troy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Troy 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
$600,000
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
$405,000
6.5%
$375,000
7%
$350,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$445,000
Current use
COMMERCIAL (GENERAL)
$880,000
Change: +99% · Conversion: Difficult
RETAIL STORES
$830,000
Change: +87% · Conversion: Moderate
MEDICAL BUILDING
$775,000
Change: +75% · Conversion: Difficult
AUTO REPAIR, GARAGE
$600,000
Change: +36% · Conversion: Easy
OFFICE BUILDING
$575,000
Change: +30% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$455,000
Change: +3% · Conversion: Difficult
WAREHOUSE, STORAGE
$375,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $600k (Apr 16 2024)
Last sale anchor
$600k
Apr 16 2024
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
$122 / 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
$8,153
Tax year 2022
Assessed value
$294,170
Assessed 2022
Previous assessed
$294,170
+0.0% YoY
Effective rate
2.77%
On assessed value
Total market value
$588,340
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
1986
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
4,915 SF
Lot
0.99 ac (43,124 SF)
Zoning code
M-1
APN
88-20-26-451-038
UPID
US43-1570896
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
M-1 · Troy, MI
Zoning M-1 · permitted uses
M-1 · Troy, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Troy. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$445,000
COMMERCIAL (GENERAL)
Est. value
$880,000
RETAIL STORES
Est. value
$830,000
MEDICAL BUILDING
Est. value
$775,000
AUTO REPAIR, GARAGE
Est. value
$600,000
OFFICE BUILDING
Est. value
$575,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$455,000
WAREHOUSE, STORAGE
Est. value
$375,000
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1986
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.99 ac
Current owner
From public records · entity-resolved
Russell Landscaping INC
Entity
Free & Clear · 2 yrs held
Mailing address
410 COLONIAL RD, GROSSE POINTE FARMS, MI 48236
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2024
$600,000
Russell Landscaping INC
Titano Investment Company
Warranty Deed
—
Dec 14, 2022
—
Russell Landscaping INC
Titano Investment Co
Land Contract
—
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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