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Property profile & analytics
OFF-MARKET
Estimated value
$1,265,000
Manufacturing properties
21770 Wyoming Pl, Oak Park, MI 48237-3112
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-2490751
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1956
Total area
36,011 SF
Lot
2.22 ac (96,703 SF)
Zoning code
LI
APN
52-25-33-152-060
UPID
US43-2490751
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
$964k
Blend (final)
Blend
$1.27M
Owner & transaction history
Gulf Front Homes LLC · 1 yrs held
Gulf Front Homes LLC
since 2025
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
LI · Oak Park, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$1.27M
Range $1.14M – $1.39M · ±10% · vs last sale $1.20M (Mar 10 2025)
Last sale anchor
$1.20M
Mar 10 2025
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
$35 / 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
$24,221
Tax year 2023
Assessed value
$481,000
Assessed 2024
Previous assessed
$466,900
+3.0% YoY
Effective rate
5.04%
On assessed value
Assessed land
$121,900
Assessed improvement
$359,100
Land market value
$243,800
Improvement market value
$718,200
Total market value
$962,000
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
1956
Heating
FORCED AIR
Stories
1
Total area
36,011 SF
Lot
2.22 ac (96,703 SF)
Zoning code
LI
APN
52-25-33-152-060
UPID
US43-2490751
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.
Building & site characteristics
From public records
Year built
1956
Heating
FORCED AIR
Stories
1
Lot
2.22 ac
Current owner
From public records · entity-resolved
Gulf Front Homes LLC
Entity
Mailing address
26800 HARPER AVE, SAINT CLAIR SHORES, MI 48081-1910
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Jun 10, 2025
$1,200,000
Gulf Front Homes LLC
Gr Warehouse LLC
Deed
$1,100,000 · Gr Wearehouse LLC
Jun 6, 2025
—
Gulf Front Homes LLC
Gr Warehouse LLC
Deed
—
Jun 5, 2025
—
First Sate Bank
Gr Warehouse LLC
Deed
—
Oct 22, 2019
$530,000
Gr Warehouse LLC
Wyoming Place LLC
Warranty Deed
—
Mar 18, 2016
—
Gr Warehouse LLC
Wyoming Place LLC
Quit Claim Deed
—
Dec 16, 2015
$147,500
Wyoming Place LLC
T & W Tool & Die Corp
Warranty Deed
—
Dec 16, 2015
—
T & W Tool & Die Corp
First Wyoming LLC
Quit Claim Deed
related
—
—
—
T & J Tool & Die Corp
—
Deed Of Trust
related
$60,957 · 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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