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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Specialty properties
3711 Elizabeth Lk Rd, Waterford, MI 48328-3015
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US43-2662637
Property profile
Verified
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Year built
1964
Total area
4,199 SF
Lot
0.83 ac (36,155 SF)
Zoning code
II
APN
W -13-26-326-003
UPID
US43-2662637
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
$394k
Blend (final)
Blend
$560k
Owner & transaction history
Amir Reza Homayouni Sarvestani · 5 yrs held
Amir Reza Homayouni Sarvestani
since 2021
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
II · Waterford, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$735,000
+28.1%
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 Waterford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waterford 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
$580,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
VETERINARY, ANIMAL HOSPITAL
$575,000
Current use
COMMERCIAL (GENERAL)
$735,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±10% · vs last sale $550k (Apr 12 2021)
Last sale anchor
$550k
Apr 12 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
$133 / 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
$10,150
Tax year 2023
Assessed value
$200,210
Assessed 2024
Previous assessed
$192,430
+4.0% YoY
Effective rate
5.07%
On assessed value
Total market value
$400,420
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
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Status
Off-Market
Year built
1964
Heating
YES
Stories
1
Units
1
Total area
4,199 SF
Lot
0.83 ac (36,155 SF)
Zoning code
II
APN
W -13-26-326-003
UPID
US43-2662637
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
II · Waterford, MI
Zoning II · permitted uses
II · Waterford, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Waterford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
VETERINARY, ANIMAL HOSPITAL Current
Est. value
$575,000
COMMERCIAL (GENERAL)
Est. value
$735,000
VETERINARY, ANIMAL HOSPITAL Current
COMMERCIAL (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
1964
Heating
YES
Stories
1
Units
1
Lot
0.83 ac
Current owner
From public records · entity-resolved
Amir Reza Homayouni Sarvestani
Individual
Mailing address
3711 ELIZABETH LK RD, WATERFORD, MI 48328-3015
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2021
$550,000
Amir Reza Homayouni Sarvestani
Mohammed Fakhruldin
Warranty Deed
$440,000 · Bank Of America NA
Oct 20, 2017
$185,000
Mohammed Fakhruldin
Elizabeth Lake Prof Plaza LLC
Warranty Deed
—
Apr 3, 2017
—
Elizabeth Lk Prof Plz LLC
Deshmukh,murnal
Quit Claim Deed
related
—
Feb 2, 2016
$130,500
Mrunal Deshmukh
Talmer Bk
Grant Deed
—
Sep 12, 2014
$113,152
Talmer Bk & Trust
Sheriff Of Oakland County
Trustees Deed
related
—
Apr 9, 1998
$350,000
Adore Enterprises LLC
Kelin Trust
Grant Deed
$312,000 · Metrobank
—
—
Adore Enterprises LLC
—
Deed Of Trust
related
$342,142 · Metrobank
—
—
Adore Enterprises LLC
—
Deed Of Trust
related
$50,000 · Metrobank
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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