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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Manufacturing properties
21380 Coolidge Hwy, Oak Park, MI 48237-3204
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0015244
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1951
Total area
11,601 SF
Lot
0.92 ac (40,075 SF)
Zoning code
LI
APN
52-25-32-301-017
UPID
US43-0015244
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
$815k
CAP Approach
CAP
$870k
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$775k
Owner & transaction history
Ksm Realty LLC · 4 yrs held
Ksm Realty LLC
since 2021
Last sale
$750,000
7 recorded transactions
Zoning & alternative use
LI · Oak Park, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+10.6%
Restaurant
$1.1M
+10.5%
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 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
$790,000
ML approach
$815,000
CAP Approach
CAP Return
Estimation
6%
$940,000
6.5%
$870,000
7%
$805,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$960,000
Current use
COMMERCIAL (GENERAL)
$1,060,000
Change: +11% · Conversion: Difficult
RESTAURANT
$1,060,000
Change: +11% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$880,000
Change: -8% · Conversion: Difficult
RETAIL STORES
$800,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$775k
Range $698k – $853k · ±10% · vs last sale $750k (Aug 3 2021)
Last sale anchor
$750k
Aug 3 2021
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
$67 / 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
$13,096
Tax year 2023
Assessed value
$213,200
Assessed 2024
Previous assessed
$184,800
+15.4% YoY
Effective rate
6.14%
On assessed value
Assessed land
$50,500
Assessed improvement
$162,700
Land market value
$101,000
Improvement market value
$325,400
Total market value
$426,400
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1951
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
11,601 SF
Lot
0.92 ac (40,075 SF)
Zoning code
LI
APN
52-25-32-301-017
UPID
US43-0015244
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
LI · Oak Park, MI
Zoning LI · permitted uses
LI · 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
INDUSTRIAL (GENERAL) Current
Est. value
$960,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
RESTAURANT
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$880,000
RETAIL STORES
Est. value
$800,000
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1951
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
Ksm Realty LLC
Entity
Mailing address
21790 COOLIDGE HWYA, OAK PARK, MI 48237-3156
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
Jan 10, 2025
—
Ksm Realty LLC
—
Deed
related
$702,000 · Choiceone Bank
Aug 3, 2021
$750,000
Ksm Realty LLC
Capital Buildings LLC
Warranty Deed
$600,000 · Independent Bank
Aug 3, 2021
—
Ksm Realty LLC
—
Deed
related
$600,000 · Independent Bank
May 20, 2013
—
Capital Buildings LLC
Tamous Oak Park Invs LLC
Warranty Deed
—
Aug 6, 2004
$315,000
Tamous Oak Park Invs LLC
Fluid Properties LLP
Warranty Deed
$250,000 · National City Bank Midwest
Jul 22, 2004
$240,000
Fluid Properties LLP
Standard Federal Bank NA
Quit Claim Deed
related
$250,000 · National City Bank Of Midwest
—
—
Fluid Properties LLP
—
Deed Of Trust
related
$250,000 · Michigan National 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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