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Property profile & analytics
OFF-MARKET
Auto shops
23623 Griswold Rd South Lyon, MI 48178-9440
Individually Owned
3-yr Hold
Free & Clear
Property ID
US43-4216865
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1960
Total area
2,024 SF
Lot
4.11 ac (179,032 SF)
Zoning code
II
APN
K -21-29-226-022
UPID
US43-4216865
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Richard L Whittaker · 3 yrs held
Richard L Whittaker
since 2022
Last sale
$37,500
7 recorded transactions
Zoning & alternative use
II · South Lyon, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Ordinance FINAL with hyperlinks
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 South Lyon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Lyon 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,640
Tax year 2023
Assessed value
$183,640
Assessed 2024
Previous assessed
$174,870
+5.0% YoY
Effective rate
1.98%
On assessed value
Total market value
$367,280
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1960
Heating
GAS
Stories
1
Units
1
Total area
2,024 SF
Lot
4.11 ac (179,032 SF)
Zoning code
II
APN
K -21-29-226-022
UPID
US43-4216865
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
II · South Lyon, MIZoning II · permitted uses
II · South Lyon, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Ordinance FINAL with hyperlinks
Building & site characteristics
From public records
Year built
1960
Heating
GAS
Stories
1
Units
1
Lot
4.11 ac
Current owner
From public records · entity-resolved
Richard L Whittaker
Individual
Free & Clear · 3 yrs held
Mailing address
23623 GRISWOLD RD, SOUTH LYON, MI 48178-9440
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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
Nov 22, 2022
—
Richard L Whittaker
Richard L Whittaker
Intrafamily Transfer
related
—
Mar 11, 2019
—
Richard L Whittaker
—
Deed
related
$139,548 · First Credit Funding
Feb 1, 2005
$37,500
Richard L Whittaker
U S Mutual Financial Corp
Warranty Deed
$106,000 · Royal Mortgage INC
Feb 1, 2005
—
Richard L Whittaker
B & B Group LLP
Quit Claim Deed
related
—
Feb 1, 2005
$3,641
Richard L Wittaker
Kremen,marilyn
Quit Claim Deed
related
—
Aug 9, 2000
—
M Kremen
Willard,thomas E
Grant Deed
related
—
Oct 8, 1999
—
Marilyn Kremen
Oakland County Tax Deed Clerk
Grant Deed
related
—
—
—
Richard L Whittaker
—
Loan Modification
related
$139,548 · First Credit Funding
—
—
Richard L Whittaker
—
Deed Of Trust
related
$138,370 · Patrick & Linda Mcdermott
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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