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Property profile & analytics
OFF-MARKET
Estimated value
$4,705,000
Warehouses
26660 Greenfield Rd, Oak Park, MI 48237-1054
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US43-0019920
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2005
Total area
77,432 SF
Lot
1.93 ac (84,071 SF)
Zoning code
B-2
APN
52-25-19-101-024
UPID
US43-0019920
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
$4.06M
Blend (final)
Blend
$4.71M
Owner & transaction history
Pie Place Ventures · 22 yrs held
Pie Place Ventures
since 2004
7 recorded transactions
Zoning & alternative use
B-2 · Oak Park, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.1M
+183.4%
Restaurant
$7.1M
+183.2%
Industrial (general)
$6.4M
+156.3%
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 Oak Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oak Park 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
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,070,000
Change: +183% · Conversion: Difficult
RESTAURANT
$7,065,000
Change: +183% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$6,390,000
Change: +156% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$5,865,000
Change: +135% · Conversion: Moderate
RETAIL STORES
$5,350,000
Change: +115% · Conversion: Moderate
MEDICAL BUILDING
$4,880,000
Change: +96% · Conversion: Difficult
Blend value · Realmo final
$4.71M
Range $4.23M – $5.18M · ±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
$61 / 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
$1,302
Tax year 2023
Assessed value
$2,277,700
Assessed 2024
Previous assessed
$2,277,700
+0.0% YoY
Effective rate
0.06%
On assessed value
Assessed land
$124,900
Assessed improvement
$2,152,800
Land market value
$249,800
Improvement market value
$4,305,600
Total market value
$4,555,400
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2005
Heating
FORCED AIR
Stories
2
Total area
77,432 SF
Lot
1.93 ac (84,071 SF)
Zoning code
B-2
APN
52-25-19-101-024
UPID
US43-0019920
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Oak Park, MI
Zoning B-2 · permitted uses
B-2 · Oak Park, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Oak Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$7.1M
RESTAURANT
Est. value
$7.1M
INDUSTRIAL (GENERAL)
Est. value
$6.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.9M
RETAIL STORES
Est. value
$5.4M
MEDICAL BUILDING
Est. value
$4.9M
COMMERCIAL (GENERAL)
RESTAURANT
INDUSTRIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
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
2005
Heating
FORCED AIR
Stories
2
Lot
1.93 ac
Current owner
From public records · entity-resolved
Pie Place Ventures
Entity
Mailing address
26640 HARDING ST, OAK PARK, MI 48237-1043
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2021
—
Pie Place Ventures LLC
—
Deed
related
$30,000,000 · Wells Fargo Bank NA
Dec 10, 2019
—
Pie Place Ventures LLC
—
Deed
related
$7,500,000 · Chemical Bk
Jun 20, 2019
—
Pie Place Ventures LLC
—
Deed
related
$2,600,000 · Chemical Bank
Jul 25, 2016
—
Pie Place Ventures LLC
—
Deed
related
$5,000,000 · Talmer Bank And Trust
May 6, 2004
$805,000
Pie Place Ventures
Silver Colt Realty Associates
Warranty Deed
—
—
—
Pie Place Ventures LLC
—
Loan Modification
related
$7,500,000 · Chemical Bk
—
—
Pie Place Ventures LLC
—
Deed Of Trust
related
$2,600,000 · Comerica Bank
—
—
Pie Place Ventures LLC
—
Deed Of Trust
related
$4,627,500 · Comerica Bank
—
—
Colt Realty Assoc LP Silver
—
Deed Of Trust
related
$701,640 · Ge Capital Business Asset Fund
—
—
Colt Realty Assoc LP Silver
—
Deed Of Trust
related
$4,933,999 · Ge Capital Franchise Finance
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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