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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Office buildings
2905 Hilton Rd Ferndale, MI 48220-1406
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US43-0208465
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Total area
7,786 SF
Lot
0.72 ac (31,363 SF)
Zoning code
BI
APN
24-25-27-280-025
UPID
US43-0208465
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
$792k
Blend (final)
Blend
$790k
Owner & transaction history
Island Properties North LLC · 18 yrs held
Island Properties North LLC
since 2008
7 recorded transactions
Zoning & alternative use
BI · Ferndale, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$710,000
+48.1%
Restaurant
$710,000
+48.0%
Neighborhood: shopping center
$590,000
+22.9%
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 Ferndale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ferndale 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
OFFICE BUILDING
$480,000
Current use
COMMERCIAL (GENERAL)
$710,000
Change: +48% · Conversion: Easy
RESTAURANT
$710,000
Change: +48% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$590,000
Change: +23% · Conversion: Difficult
MEDICAL BUILDING
$490,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$790k
Range $711k – $869k · ±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
$101 / 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
$14,147
Tax year 2023
Assessed value
$349,730
Assessed 2024
Previous assessed
$322,990
+8.3% YoY
Effective rate
4.05%
On assessed value
Total market value
$699,460
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1970
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
7,786 SF
Lot
0.72 ac (31,363 SF)
Zoning code
BI
APN
24-25-27-280-025
UPID
US43-0208465
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Ferndale, MI
Zoning BI · permitted uses
BI · Ferndale, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ferndale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$480,000
COMMERCIAL (GENERAL)
Est. value
$710,000
RESTAURANT
Est. value
$710,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$590,000
MEDICAL BUILDING
Est. value
$490,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
1970
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
Island Properties North LLC
Entity
Mailing address
2905 HILTON RD, FERNDALE, MI 48220-1406
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2020
—
Island Properties North LLC
—
Deed
related
$490,000 · Community Fin'l Cu
Mar 21, 2008
—
Island Properties North LLC
Kevin J O'mara
Quit Claim Deed
related
$506,000 · Lasalle Bank Midwest NA
Jun 19, 2007
—
Kevin J O'mara
Omara,kitty
Quit Claim Deed
related
—
Jan 22, 2001
$450,000
Island Properties North LLC
Southeastern Oakland County
Grant Deed
$460,000 · Bank One Michigan
—
—
Island Properties North LLC
—
Deed Of Trust
related
$560,000 · Huntington National Bank
—
—
Island Properties North LLC
—
Deed Of Trust
related
$490,000 · Community Fin'l Cu
—
—
Island Properties North LLC
—
Deed Of Trust
related
$490,000 · Community Fin'l Cu
—
—
Island Properties North LLC
—
Deed Of Trust
related
$1,235,000 · Bank Of America
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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