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Property profile & analytics
OFF-MARKET
Estimated value
$4,155,000
Automotive properties
3372 Highland Rd Highland, MI 48357-4000
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US43-0916102
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1995
Total area
34,075 SF
Lot
14.06 ac (612,454 SF)
Zoning code
BI
APN
H -11-19-400-014
UPID
US43-0916102
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
$4.72M
Blend (final)
Blend
$4.16M
Owner & transaction history
M59 Highland Properties LLC
M59 Highland Properties LLC
since 2026
6 recorded transactions
Zoning & alternative use
BI · Highland, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.0M
+43.7%
Restaurant
$5.9M
+41.2%
Retail stores
$5.8M
+37.7%
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 Highland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Highland 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
AUTO REPAIR, GARAGE
$4,175,000
Current use
COMMERCIAL (GENERAL)
$6,000,000
Change: +44% · Conversion: Moderate
RESTAURANT
$5,900,000
Change: +41% · Conversion: Difficult
RETAIL STORES
$5,750,000
Change: +38% · Conversion: Difficult
MEDICAL BUILDING
$5,380,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$3,995,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$4.16M
Range $3.74M – $4.57M · ±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
$122 / 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
$75,599
Tax year 2023
Assessed value
$1,896,780
Assessed 2024
Previous assessed
$1,832,250
+3.5% YoY
Effective rate
3.99%
On assessed value
Total market value
$3,793,560
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1995
Heating
ZONE
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
34,075 SF
Lot
14.06 ac (612,454 SF)
Zoning code
BI
APN
H -11-19-400-014
UPID
US43-0916102
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Highland, MIZoning BI · permitted uses
BI · Highland, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$4.2M
COMMERCIAL (GENERAL)
Est. value
$6.0M
RESTAURANT
Est. value
$5.9M
RETAIL STORES
Est. value
$5.8M
MEDICAL BUILDING
Est. value
$5.4M
OFFICE BUILDING
Est. value
$4.0M
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
OFFICE 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
1995
Heating
ZONE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
14.06 ac
Current owner
From public records · entity-resolved
M59 Highland Properties LLC
Entity
Mailing address
8598 W COTTER ST, LEWIS CENTER, OH 43035-7137
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
Mar 24, 2026
—
M59 Highland Properties LLC
—
Deed
related
$5,879,000 · Americredit Financial Services INC
Oct 8, 2020
—
M 59 Highland Properties LLC
—
Deed
related
$6,436,000 · Americredit Financial Services INC
Oct 20, 2008
—
M-59/higland Properties LLC
—
Deed Of Trust
related
$11,885,000 · Gmac Bank
—
—
M-59/highland Properties LLC
—
Deed Of Trust
related
$5,437,000 · Ally Bank
—
—
Jay-mar Enterprises LLC
—
Deed Of Trust
related
$910,000 · Fifth Third Bank
—
—
Jay-mar Enterprises LLC
—
Deed Of Trust
related
$4,800,000 · Fifth Third Bank Eastern Mi
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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