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Property profile & analytics
OFF-MARKET
Estimated value
$13,025,000
Industrial properties
26442 Haggerty Rd, Farmington Hills, MI 48331-3461
Entity Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-0426940
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1987
Total area
278,387 SF
Lot
22.51 ac (980,536 SF)
Zoning code
II
APN
22-23-18-301-019
UPID
US43-0426940
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
$13.03M
Owner & transaction history
Real Michigan 5 LLC · 15 yrs held
Real Michigan 5 LLC
since 2010
6 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
$47 / 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
$578,250
Tax year 2023
Assessed value
$13,092,150
Assessed 2024
Previous assessed
$10,471,650
+25.0% YoY
Effective rate
4.42%
On assessed value
Assessed land
$1,261,890
Assessed improvement
$11,830,260
Land market value
$2,523,780
Improvement market value
$23,660,520
Total market value
$26,184,300
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1987
Heating
FORCED AIR
Stories
1
Total area
278,387 SF
Lot
22.51 ac (980,536 SF)
Zoning code
II
APN
22-23-18-301-019
UPID
US43-0426940
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
1987
Heating
FORCED AIR
Stories
1
Lot
22.51 ac
Current owner
From public records · entity-resolved
Real Michigan 5 LLC
Entity
Free & Clear · 15 yrs held
Mailing address
38955 HLS TECH DR, FARMINGTON HILLS, MI 48331-3431
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2019
—
Real Michigan 5 LLC
—
Grant Deed
related
$19,550,000 · Huntington Nat'l Bk
Aug 12, 2010
—
Real Michigan 5 LLC
New York Life Ins Co
Grant Deed
—
Jan 13, 2010
—
New York Life Ins Co
Haggerty Road I LLC
Trustees Deed
related
—
Feb 6, 2007
—
Haggerty Road I LLC
Liberty Property
Warranty Deed
—
May 1, 2002
—
Farmington Hills City (mi)
Liberty Property LLC
Quit Claim Deed
related
—
—
—
Haggerty Road I LLC
—
Deed Of Trust
related
$12,000,000 · New York Life Insurance
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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