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Property profile & analytics
OFF-MARKET
Estimated value
$1,420,000
Warehouses
2240 Greer Blvd, Sylvan Lake, MI 48320-1469
Entity Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-0551563
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1985
Total area
33,734 SF
Lot
1.86 ac (81,022 SF)
Zoning code
II
APN
84-18-01-329-017
UPID
US43-0551563
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
$1.62M
Blend (final)
Blend
$1.42M
Owner & transaction history
Ski Biz Investments LLC · 14 yrs held
Ski Biz Investments LLC
since 2012
7 recorded transactions
Zoning & alternative use
II · Sylvan Lake, 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 Sylvan Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sylvan Lake 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
$1.42M
Range $1.28M – $1.56M · ±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
$42 / 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
$29,987
Tax year 2023
Assessed value
$531,340
Assessed 2024
Previous assessed
$502,770
+5.7% YoY
Effective rate
5.64%
On assessed value
Total market value
$1,062,680
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
1985
Heating
GAS
Stories
1
Units
1
Total area
33,734 SF
Lot
1.86 ac (81,022 SF)
Zoning code
II
APN
84-18-01-329-017
UPID
US43-0551563
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
II · Sylvan Lake, MI
Zoning II · permitted uses
II · Sylvan Lake, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sylvan Lake. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Heating
GAS
Stories
1
Units
1
Lot
1.86 ac
Current owner
From public records · entity-resolved
Ski Biz Investments LLC
Entity
Free & Clear · 14 yrs held
Mailing address
6400 TELEGRAPH RD STE #2000, BLOOMFIELD HILLS, MI 48301-1722
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2022
—
Greet Holdings LLC
—
Deed
related
$3,900,000 · First Merchants Bank
Apr 10, 2020
—
Ski Btz Investments LLC
—
Deed
related
$2,562,000 · Level One Bk
Jun 7, 2012
—
Ski Biz Investments LLC
Niche Holdings LLC
Corporation Deed
—
Dec 10, 2004
—
Niche Holdings LLC
A R Industries INC
Warranty Deed
related
—
Dec 8, 2004
—
Oakland Cnty Busn Finance Corp
Niche Retail LLC
Grant Deed
related
—
Sep 28, 1998
—
A R Industries INC
—
Deed Of Trust
related
$1,800,000 · Michigan National Bank
—
—
Ski Biz Investments LLC
—
Deed Of Trust
related
$1,423,793 · Level One Bk
—
—
Ski Biz Investments LLC
—
Deed Of Trust
related
$777,660 · J P Morgan Chase Bank
—
—
Ski Btz Investments LLC
—
Loan Modification
related
$2,562,000 · Level One Bk
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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