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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Distribution centers
1989 Tobsal Ct Warren, MI 48091-1373
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US43-4984272
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1996
Total area
13,112 SF
Lot
1.91 ac (83,200 SF)
Zoning code
M-2
APN
12-13-19-301-038
UPID
US43-4984272
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
-
Centurion Carpet Cleaning Carpet Cleaning Service Upholstery Cleaning Service
-
Michigan Magl Seal General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$710k
Blend (final)
Blend
$655k
Owner & transaction history
Jamma Investments LLC · 6 yrs held
Jamma Investments LLC
since 2020
Last sale
$600,000
6 recorded transactions
Zoning & alternative use
M-2 · Warren, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+19.6%
Auto repair, garage
$1.0M
+15.6%
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 Warren submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Warren 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
$665,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$885,000
Current use
MEDICAL BUILDING
$1,060,000
Change: +20% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,020,000
Change: +16% · Conversion: Easy
COMMERCIAL (GENERAL)
$855,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$655k
Range $590k – $721k · ±10% · vs last sale $600k (Apr 15 2020)
Last sale anchor
$600k
Apr 15 2020
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
$50 / 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
$19,478
Tax year 2022
Assessed value
$270,930
Assessed 2023
Previous assessed
$275,220
-1.6% YoY
Effective rate
7.19%
On assessed value
Total market value
$541,860
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1996
Heating
FORCED AIR
Stories
1
Total area
13,112 SF
Lot
1.91 ac (83,200 SF)
Zoning code
M-2
APN
12-13-19-301-038
UPID
US43-4984272
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
M-2 · Warren, MI
Zoning M-2 · permitted uses
M-2 · Warren, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Warren. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$885,000
MEDICAL BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$855,000
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1996
Heating
FORCED AIR
Stories
1
Lot
1.91 ac
Current owner
From public records · entity-resolved
Jamma Investments LLC
Entity
Mailing address
45754 PENTWATER DR, MACOMB, MI 48044-4237
Ownership since
2020
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
Apr 15, 2020
$600,000
Jamma Investments LLC
Kathy Keipers Companies LLC
Warranty Deed
$565,000 · Oxford Bank
Sep 8, 2016
—
Kathy Keipers Companies LLC
—
Deed
related
$265,000 · Flagstar Bank Fsb
May 24, 2016
$270,000
Kathy Keiper Companies LLC
Mlj Property LLC
Quit Claim Deed
related
—
Dec 17, 2015
$400,000
Mlj Property LLC
Talmer Bank & Trust
Warranty Deed
$275,000 · Flagstar Bank Fsb
Dec 6, 2014
—
Talmer Bk & Trust
Community Ctrl Bk
Quit Claim Deed
—
Oct 23, 2008
—
Community Ctrl Bk
Florexpress INC
Warranty Deed
related
—
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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