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Property profile & analytics
OFF-MARKET
Estimated value
$1,105,000
Distribution centers
33233 Kelly Rd Fraser, MI 48026-4227
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US43-1357075
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1975
Total area
13,774 SF
Lot
0.94 ac (40,946 SF)
Zoning code
IR
APN
03-11-32-476-058
UPID
US43-1357075
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
-
Earl's Battery & Charging Service Auto Parts Store
-
Briggs & Co. CPA, PC Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$1.11M
Owner & transaction history
My Dream Property LLC · 14 yrs held
My Dream Property LLC
since 2011
7 recorded transactions
Zoning & alternative use
IR · Fraser, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.7M
+82.1%
Retail stores
$1.4M
+54.7%
Commercial (general)
$1.4M
+52.4%
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
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
WAREHOUSE, STORAGE
$930,000
Current use
MEDICAL BUILDING
$1,690,000
Change: +82% · Conversion: Difficult
RETAIL STORES
$1,435,000
Change: +55% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,415,000
Change: +52% · Conversion: Difficult
OFFICE BUILDING
$1,305,000
Change: +41% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,185,000
Change: +28% · Conversion: Easy
INDUSTRIAL (GENERAL)
$750,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$1.11M
Range $995k – $1.22M · ±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
$80 / 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
$14,506
Tax year 2022
Assessed value
$420,800
Assessed 2023
Previous assessed
$400,000
+5.2% YoY
Effective rate
3.45%
On assessed value
Total market value
$841,600
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1975
Heating
FORCED AIR
Stories
1
Total area
13,774 SF
Lot
0.94 ac (40,946 SF)
Zoning code
IR
APN
03-11-32-476-058
UPID
US43-1357075
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
WAREHOUSE, STORAGE Current
Est. value
$930,000
MEDICAL BUILDING
Est. value
$1.7M
RETAIL STORES
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
INDUSTRIAL (GENERAL)
Est. value
$750,000
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE 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
1975
Heating
FORCED AIR
Stories
1
Lot
0.94 ac
Current owner
From public records · entity-resolved
My Dream Property LLC
Entity
Mailing address
33233 KELLY RD, FRASER, MI 48026-4227
Ownership since
2011
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
Mar 4, 2019
—
My Dream Property LLC
—
Deed
related
$799,497 · Lakestone Bk&tr
Feb 15, 2018
—
My Dream Property LLC
—
Deed
related
$692,617 · Lakestone Bk&tr
Dec 2, 2011
$242,550
My Dream Property LLC
City Of Fraser
Warranty Deed
$224,000 · Huntington National Bank
Aug 18, 2010
$105,610
City Of Fraser
Wahby,ted B
Quit Claim Deed
related
—
—
—
My Dream Property LLC
—
Loan Modification
related
$799,497 · Lakestone Bk&tr
—
—
My Dream Property LLC
—
Loan Modification
related
$150,000 · Csb Bk
—
—
My Dream Property LLC
—
Deed Of Trust
related
$488,000 · Csb Bk
—
—
My Dream Property LLC
—
Loan Modification
related
$692,617 · Lakestone Bk&tr
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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