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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Flex space
31313 Kendall, Fraser, MI 48026-2546
Individually Owned
5-yr Hold
Free & Clear
Property ID
US43-0494159
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1965
Total area
9,573 SF
Lot
0.94 ac (40,946 SF)
Zoning code
IR
APN
03-14-06-477-003
UPID
US43-0494159
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
-
Detroit Furnace LLC Hardware & Home Improvement HVAC Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$795k
Comparable Approach
Comparable
$619k
Blend (final)
Blend
$595k
Owner & transaction history
Transit William B · 5 yrs held
Transit William B
since 2021
Last sale
$480,000
2 recorded transactions
Zoning & alternative use
IR · Fraser, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$985,000
+89.2%
Office building
$910,000
+74.5%
Auto repair, garage
$825,000
+58.3%
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 Fraser submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fraser 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
$575,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$860,000
6.5%
$795,000
7%
$735,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$520,000
Current use
COMMERCIAL (GENERAL)
$985,000
Change: +89% · Conversion: Difficult
OFFICE BUILDING
$910,000
Change: +74% · Conversion: Difficult
AUTO REPAIR, GARAGE
$825,000
Change: +58% · Conversion: Easy
WAREHOUSE, STORAGE
$645,000
Change: +24% · Conversion: Easy
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $480k (Jan 22 2021)
Last sale anchor
$480k
Jan 22 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
$62 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$20,172
Tax year 2022
Assessed value
$309,200
Assessed 2023
Previous assessed
$309,200
+0.0% YoY
Effective rate
6.52%
On assessed value
Total market value
$618,400
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1965
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
9,573 SF
Lot
0.94 ac (40,946 SF)
Zoning code
IR
APN
03-14-06-477-003
UPID
US43-0494159
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
IR · Fraser, MI
Zoning IR · permitted uses
IR · Fraser, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fraser. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$520,000
COMMERCIAL (GENERAL)
Est. value
$985,000
OFFICE BUILDING
Est. value
$910,000
AUTO REPAIR, GARAGE
Est. value
$825,000
WAREHOUSE, STORAGE
Est. value
$645,000
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1965
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.94 ac
Current owner
From public records · entity-resolved
Transit William B
Individual
Free & Clear · 5 yrs held
Mailing address
31313 KENDALL, FRASER, MI 48026-2546
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2021
$480,000
Transit William B
Kendall R/e Invs LLC
Warranty Deed
—
Jan 22, 2021
$415,000
Kendall R & E Invs LLC
Merriweather Road Ltd
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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