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Property profile & analytics
OFF-MARKET
Estimated value
$2,070,000
Industrial properties
2675 Milford Rd Highland, MI 48357-4986
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1953757
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Total area
53,236 SF
Lot
9.68 ac (421,661 SF)
Zoning code
BI
APN
H -11-34-326-015
UPID
US43-1953757
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
$2.33M
Blend (final)
Blend
$2.07M
Owner & transaction history
Vandrey Properties LLC · 4 yrs held
Vandrey Properties LLC
since 2021
Last sale
$2.0M
6 recorded transactions
Zoning & alternative use
BI · Highland, 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 Highland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Highland 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
$2,050,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.07M
Range $1.86M – $2.28M · ±10% · vs last sale $1.95M (Aug 30 2021)
Last sale anchor
$1.95M
Aug 30 2021
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
$39 / 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
$27,650
Tax year 2023
Assessed value
$1,360,670
Assessed 2024
Previous assessed
$590,310
+130.5% YoY
Effective rate
2.03%
On assessed value
Total market value
$2,721,340
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 LOFT BUILDING
Status
Off-Market
Heating
GAS
Cooling
YES
Buildings
4
Stories
1
Units
1
Total area
53,236 SF
Lot
9.68 ac (421,661 SF)
Zoning code
BI
APN
H -11-34-326-015
UPID
US43-1953757
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Highland, MIZoning BI · permitted uses
BI · Highland, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
GAS
Cooling
Yes
Stories
1
Buildings
4
Units
1
Lot
9.68 ac
Current owner
From public records · entity-resolved
Vandrey Properties LLC
Entity
Mailing address
2400 HARVEY LK RD, HIGHLAND, MI 48356-2131
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Nov 10, 2022
—
Vandrey Properties LLC
—
Deed
related
$2,346,917 · Bank Of Ann Arbor
Jan 11, 2022
—
Vandrey Properties LLC LLC
—
Deed
related
$62,600 · First National Bank In Howell
Aug 30, 2021
$1,950,000
Vandrey Properties LLC
2675 Highland Holding LLC
Warranty Deed
$1,600,000 · First National Bank In Howell
Mar 15, 2018
—
2675 Highland Holding LLC
A & A Rental Properties LLC
Warranty Deed
related
—
May 26, 2015
$2,000,000
A & A Rental Properties LLC
Heyn Properties LLC
Warranty Deed
$1,270,000 · First National Bank In Howell
Dec 28, 2012
—
Heyn Properties LLC
Van Camp Chevrolet INC
Warranty Deed
—
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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