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Property profile & analytics
OFF-MARKET
Estimated value
$14,375,000
Warehouses
20450 Sibley Rd, Brownstown, MI 48193-8430
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US43-0642661
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2014
Total area
218,586 SF
Lot
21.39 ac (931,748 SF)
Zoning code
I-1
APN
70 006 99 0005 705
UPID
US43-0642661
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
$14.38M
Blend (final)
Blend
$14.38M
Owner & transaction history
Christie Land LLC · 11 yrs held
Christie Land LLC
since 2014
7 recorded transactions
Zoning & alternative use
I-1 · Brownstown, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$20.6M
+96.6%
Office building
$19.2M
+83.2%
Retail stores
$18.0M
+71.5%
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
WAREHOUSE, STORAGE
$10,470,000
Current use
MEDICAL BUILDING
$20,585,000
Change: +97% · Conversion: Difficult
OFFICE BUILDING
$19,180,000
Change: +83% · Conversion: Difficult
RETAIL STORES
$17,960,000
Change: +72% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$17,395,000
Change: +66% · Conversion: Moderate
RESTAURANT
$16,860,000
Change: +61% · Conversion: Difficult
Blend value · Realmo final
$14.38M
Range $12.94M – $15.81M · ±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
$66 / 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
$395,795
Tax year 2023
Assessed value
$7,097,500
Assessed 2024
Previous assessed
$6,838,000
+3.8% YoY
Effective rate
5.58%
On assessed value
Total market value
$14,195,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2014
Heating
FORCED AIR
Buildings
2
Stories
1
Bathrooms
1
Total area
218,586 SF
Lot
21.39 ac (931,748 SF)
Zoning code
I-1
APN
70 006 99 0005 705
UPID
US43-0642661
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
WAREHOUSE, STORAGE Current
Est. value
$10.5M
MEDICAL BUILDING
Est. value
$20.6M
OFFICE BUILDING
Est. value
$19.2M
RETAIL STORES
Est. value
$18.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$17.4M
RESTAURANT
Est. value
$16.9M
WAREHOUSE, STORAGE 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
2014
Heating
FORCED AIR
Stories
1
Buildings
2
Bathrooms
1
Lot
21.39 ac
Current owner
From public records · entity-resolved
Christie Land LLC
Entity
Mailing address
20450 SIBLEY RD, BROWNSTOWN, MI 48193-8430
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2017
—
Christie Land LLC
—
Trustees Deed
related
$13,506,000 · Mercantile Bk/mi
Sep 14, 2016
—
Christie Land LLC
—
Deed
related
$300,000 · Level One Bank
Nov 20, 2014
—
Christie Land LLC
Msh Holdings LLC
Grant Deed
—
Oct 21, 2014
—
Christie Land LLC
Msh Holdings LLC
Warranty Deed
$2,400,000 · Comerica Bank
Oct 3, 2012
$525,000
Msh Holdings LLC
Comerica Bk
Grant Deed
$4,414,516 · Comerica Bank
Dec 3, 2010
—
Comerica Bk
Par-fection INC
Quit Claim Deed
related
—
Jul 9, 2010
$943,840
Comerica Bk
Deputy Sheriff Of Wayne County
Trustees Deed
related
—
—
—
Msh Holdings LLC
—
Deed Of Trust
related
$4,414,516 · Comerica 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.
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