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Property profile & analytics
OFF-MARKET
Estimated value
$4,230,000
Office buildings
29797 Beck Rd Wixom, MI 48393-2834
Entity Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1013127
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Total area
30,615 SF
Lot
3.05 ac (132,858 SF)
Zoning code
M-1
APN
96-22-05-476-052
UPID
US43-1013127
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
-
Versetta Stone General Contractor
-
Boral Building Products Corporate Office
-
Grayne Building Supply Industrial Manufacturer
-
Vantage Shutters General Contractor
-
Atlantic Shutter (Bike/Boat/Book/etc) Store Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.01M
Blend (final)
Blend
$4.23M
Owner & transaction history
Tapco International Corp · 18 yrs held
Tapco International Corp
since 2008
6 recorded transactions
Zoning & alternative use
M-1 · Wixom, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.4M
+50.2%
Restaurant
$5.3M
+47.6%
Retail stores
$5.2M
+43.9%
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 Wixom submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wixom 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
$3,590,000
Current use
COMMERCIAL (GENERAL)
$5,395,000
Change: +50% · Conversion: Easy
RESTAURANT
$5,300,000
Change: +48% · Conversion: Moderate
RETAIL STORES
$5,170,000
Change: +44% · Conversion: Moderate
MEDICAL BUILDING
$4,835,000
Change: +35% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,750,000
Change: +5% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,340,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$4.23M
Range $3.81M – $4.65M · ±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
$138 / 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
$70,998
Tax year 2023
Assessed value
$1,997,020
Assessed 2024
Previous assessed
$1,952,800
+2.3% YoY
Effective rate
3.56%
On assessed value
Total market value
$3,994,040
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
2002
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Units
1
Total area
30,615 SF
Lot
3.05 ac (132,858 SF)
Zoning code
M-1
APN
96-22-05-476-052
UPID
US43-1013127
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
M-1 · Wixom, MI
Zoning M-1 · permitted uses
M-1 · Wixom, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wixom. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$5.4M
RESTAURANT
Est. value
$5.3M
RETAIL STORES
Est. value
$5.2M
MEDICAL BUILDING
Est. value
$4.8M
AUTO REPAIR, GARAGE
Est. value
$3.8M
INDUSTRIAL (GENERAL)
Est. value
$3.3M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
2002
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Units
1
Lot
3.05 ac
Current owner
From public records · entity-resolved
Tapco International Corp
Entity
Mailing address
2801 POST OAK BLVD STE #600, HOUSTON, TX 77056-6110
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2011
—
Tapco International Corp
—
Deed Of Trust
related
$728,250,000 · Wilmington Trust Fsb
Mar 19, 2008
—
Tapco International Corp
Tapco International Corp
Quit Claim Deed
related
—
—
—
Tapco International Corp
—
Deed Of Trust
related
$70,000 · Bank Of America
—
—
Bank Of America NA
—
Loan Modification
related
—
—
—
Wamco Corp
—
Deed Of Trust
related
—
—
—
Wamco Corp
—
Deed Of Trust
related
—
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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