New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,570,000
Manufacturing properties
24700 Crestview Ct, Farmington Hills, MI 48335-1506
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US43-0178814
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1969
Total area
33,009 SF
Lot
2.7 ac (117,699 SF)
Zoning code
II
APN
22-23-19-326-047
UPID
US43-0178814
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
$1.57M
Owner & transaction history
Michigan Certified Dev Corp · 8 yrs held
Michigan Certified Dev Corp
since 2018
7 recorded transactions
Zoning & alternative use
II · Farmington Hills, 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 Farmington Hills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Farmington Hills 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
$48 / 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
$36,489
Tax year 2023
Assessed value
$1,081,580
Assessed 2024
Previous assessed
$1,015,470
+6.5% YoY
Effective rate
3.37%
On assessed value
Assessed land
$171,980
Assessed improvement
$909,600
Land market value
$343,960
Improvement market value
$1,819,200
Total market value
$2,163,160
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
1969
Heating
FORCED AIR
Stories
1
Total area
33,009 SF
Lot
2.7 ac (117,699 SF)
Zoning code
II
APN
22-23-19-326-047
UPID
US43-0178814
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
II · Farmington Hills, MI
Zoning II · permitted uses
II · Farmington Hills, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Farmington Hills. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1969
Heating
FORCED AIR
Stories
1
Lot
2.7 ac
Current owner
From public records · entity-resolved
Michigan Certified Dev Corp
Entity
Mailing address
24700 CRESTVIEW CT, FARMINGTON HILLS, MI 48335-1506
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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
May 4, 2018
—
Michigan Certified Dev Corp
Wholesale Home Decor INC
Grant Deed
related
$409,000 · Community Dev Commission
Aug 1, 2016
$1,325,000
Gada Investments INC
Ips Real Estate LLC
Warranty Deed
—
Dec 16, 2014
$650,000
Ips Real Estate LLC
Sun Pharmaceutical Industries
Grant Deed
—
Sep 21, 2006
—
Caraco Pharmaceutical Laborato
M-k Properties LLC
Grant Deed
—
Jan 15, 1999
—
M-k Properties LLC
Albrecht,betty
Quit Claim Deed
related
—
—
—
M-k Properties
—
Deed Of Trust
related
$1,050,000 · Comerica Bank
—
—
Gada Investments INC
—
Deed Of Trust
related
$409,000 · Community Dev Commission
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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