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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Warehouses
28807 Reilly Rd, New Hudson, MI 48165-8566
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-4827745
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Total area
6,900 SF
Lot
2.33 ac (101,495 SF)
Zoning code
II
APN
K -21-11-251-020
UPID
US43-4827745
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
Current use
Occupant on record · Public records
-
National Concrete Construction Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$640k
Comparable Approach
Comparable
$887k
Blend (final)
Blend
$880k
Owner & transaction history
Hat Avenue Enterprises LLC · 5 yrs held
Hat Avenue Enterprises LLC
since 2020
Last sale
$935,000
7 recorded transactions
Zoning & alternative use
II · New Hudson, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+130.7%
Restaurant
$1.2M
+126.7%
Retail stores
$1.2M
+121.0%
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 New Hudson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Hudson 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
$1,155,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$690,000
6.5%
$640,000
7%
$595,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,215,000
Change: +131% · Conversion: Difficult
RESTAURANT
$1,195,000
Change: +127% · Conversion: Difficult
RETAIL STORES
$1,165,000
Change: +121% · Conversion: Moderate
MEDICAL BUILDING
$1,090,000
Change: +107% · Conversion: Difficult
AUTO REPAIR, GARAGE
$845,000
Change: +60% · Conversion: Easy
OFFICE BUILDING
$810,000
Change: +54% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$640,000
Change: +22% · Conversion: Moderate
Blend value · Realmo final
$880k
Range $792k – $968k · ±10% · vs last sale $935k (Nov 23 2020)
Last sale anchor
$935k
Nov 23 2020
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
$128 / 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
$14,569
Tax year 2023
Assessed value
$425,350
Assessed 2024
Previous assessed
$404,060
+5.3% YoY
Effective rate
3.43%
On assessed value
Total market value
$850,700
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2000
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
6,900 SF
Lot
2.33 ac (101,495 SF)
Zoning code
II
APN
K -21-11-251-020
UPID
US43-4827745
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
II · New Hudson, MI
Zoning II · permitted uses
II · New Hudson, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Hudson. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.2M
RESTAURANT
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$845,000
OFFICE BUILDING
Est. value
$810,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$640,000
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2000
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
2.33 ac
Current owner
From public records · entity-resolved
Hat Avenue Enterprises LLC
Entity
Mailing address
1874 ROTHBURY DR, WIXOM, MI 48393-1177
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2020
$935,000
Hat Avenue Enterprises LLC
Ckms Enterprises LLC
Warranty Deed
—
Nov 28, 2018
—
Ckms Ents LLC
—
Deed
related
$550,000 · Nations Hm Loan
Aug 7, 2008
$700,000
Ckms Enterprises LLC
Innisfree Holdings LLC
Warranty Deed
—
Feb 2, 2006
$830,000
Innisfree Holdings LLC
Micon Investments
Warranty Deed
$985,000 · Independent Bank East Michigan
Dec 8, 1999
$187,500
Micon Investments
Lynch Trust
Grant Deed
—
—
—
Ckms Ents LLC
—
Deed Of Trust
related
$550,000 · Nations Hm Loan
—
—
Micon Investments
—
Deed Of Trust
related
$426,222 · D D P Holdings INC
—
—
Micon Investments
—
Deed Of Trust
related
$560,000 · Old Kent Bank
—
—
Micon Investments
—
Deed Of Trust
related
$615,000 · Citizens Federal Bank Fsb
—
—
Micon Investments
—
Deed Of Trust
related
$15,966 · Machinery & Tool Rentals INC
—
—
Micon Investments
—
Deed Of Trust
related
$100,000 · Bravo Cement Contracting INC
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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