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Property profile & analytics
OFF-MARKET
Estimated value
$3,695,000
Warehouses
20700 Greenfield Rd, Oak Park, MI 48237-3005
Entity Owned
27-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-0252398
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1964
Total area
60,364 SF
Lot
1.73 ac (75,359 SF)
Zoning code
B-2
APN
52-25-31-351-011
UPID
US43-0252398
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
$3.16M
Blend (final)
Blend
$3.70M
Owner & transaction history
Public Storage INC · 27 yrs held
Public Storage INC
since 1999
2 recorded transactions
Zoning & alternative use
B-2 · Oak Park, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.5M
+183.4%
Restaurant
$5.5M
+183.2%
Industrial (general)
$5.0M
+156.3%
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 Oak Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oak Park 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
COMMERCIAL (GENERAL)
$5,510,000
Change: +183% · Conversion: Difficult
RESTAURANT
$5,505,000
Change: +183% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,985,000
Change: +156% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$4,575,000
Change: +135% · Conversion: Moderate
RETAIL STORES
$4,170,000
Change: +115% · Conversion: Moderate
MEDICAL BUILDING
$3,805,000
Change: +96% · Conversion: Difficult
Blend value · Realmo final
$3.70M
Range $3.33M – $4.06M · ±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
$61 / 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
$77,078
Tax year 2023
Assessed value
$1,454,900
Assessed 2024
Previous assessed
$1,438,200
+1.2% YoY
Effective rate
5.30%
On assessed value
Assessed land
$95,000
Assessed improvement
$1,359,900
Land market value
$190,000
Improvement market value
$2,719,800
Total market value
$2,909,800
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1964
Heating
FORCED AIR
Stories
6
Total area
60,364 SF
Lot
1.73 ac (75,359 SF)
Zoning code
B-2
APN
52-25-31-351-011
UPID
US43-0252398
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Oak Park, MI
Zoning B-2 · permitted uses
B-2 · Oak Park, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Oak Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$5.5M
RESTAURANT
Est. value
$5.5M
INDUSTRIAL (GENERAL)
Est. value
$5.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.6M
RETAIL STORES
Est. value
$4.2M
MEDICAL BUILDING
Est. value
$3.8M
COMMERCIAL (GENERAL)
RESTAURANT
INDUSTRIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
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
1964
Heating
FORCED AIR
Stories
6
Lot
1.73 ac
Current owner
From public records · entity-resolved
Public Storage INC
Entity
Free & Clear · 27 yrs held
Mailing address
7001 WESTERN AVE, GLENDALE, CA 91201
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1999
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 1, 1999
$1,150,000
Public Storage INC
Robert D Gargaro INC
Grant Deed
—
Jan 4, 1999
—
Public Storage INC
Robert D Gargaro INC
Grant 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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