New search
Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Manufacturing properties
2180 Fyke Dr, Milford, MI 48381-3686
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-5185078
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1997
Total area
7,198 SF
Lot
3.47 ac (151,153 SF)
Zoning code
II
APN
L -16-25-100-061
UPID
US43-5185078
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
$650k
CAP Approach
CAP
$550k
Comparable Approach
Comparable
$771k
Blend (final)
Blend
$650k
Owner & transaction history
Lafave Investments LLC · 2 yrs held
Lafave Investments LLC
since 2024
Last sale
$650,000
5 recorded transactions
Zoning & alternative use
II · Milford, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$880,000
+51.4%
Office building
$845,000
+44.9%
Neighborhood: shopping center
$670,000
+14.9%
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 Milford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milford 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
$650,000
ML approach
$650,000
CAP Approach
CAP Return
Estimation
6%
$595,000
6.5%
$550,000
7%
$510,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$585,000
Current use
AUTO REPAIR, GARAGE
$880,000
Change: +51% · Conversion: Easy
OFFICE BUILDING
$845,000
Change: +45% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$670,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $650k (Jan 3 2024)
Last sale anchor
$650k
Jan 3 2024
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
$90 / 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
$15,059
Tax year 2023
Assessed value
$328,910
Assessed 2024
Previous assessed
$328,910
+0.0% YoY
Effective rate
4.58%
On assessed value
Total market value
$657,820
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
1997
Heating
GAS
Cooling
YES
Stories
1
Units
1
Total area
7,198 SF
Lot
3.47 ac (151,153 SF)
Zoning code
II
APN
L -16-25-100-061
UPID
US43-5185078
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
II · Milford, MI
Zoning II · permitted uses
II · Milford, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Milford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$585,000
AUTO REPAIR, GARAGE
Est. value
$880,000
OFFICE BUILDING
Est. value
$845,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$670,000
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1997
Heating
GAS
Cooling
Yes
Stories
1
Units
1
Lot
3.47 ac
Current owner
From public records · entity-resolved
Lafave Investments LLC
Entity
Mailing address
16605 NOLA CT, LIVONIA, MI 48154-1218
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2024
$650,000
Lafave Investments LLC
Star Development Co LLC
Warranty Deed
$520,000 · Bank Of Ann Arbor
Jul 10, 2023
—
Star Development Co LLC
Polska Farms LLC
Quit Claim Deed
related
—
Jan 12, 2006
$825,000
Star Dev Co LLC
Fyke Street Properties LLC
Warranty Deed
—
—
—
Fyke Street Properties LLC
—
Deed Of Trust
related
$750,000 · Independent Bank East Michigan
—
—
Star Dev Co LLC
—
Deed Of Trust
related
$850,000 · Fifth Third 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2180 Fyke Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
