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Property profile & analytics
OFF-MARKET
Estimated value
$9,735,000
Warehouses
4000 Highland Rd, Highland, MI 48357-4007
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US43-4249942
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2007
Total area
83,159 SF
Lot
34.44 ac (1,500,206 SF)
APN
H -11-19-400-028
UPID
US43-4249942
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
$10.69M
Blend (final)
Blend
$9.74M
Owner & transaction history
Aml Ventures LLC · 2 yrs held
Aml Ventures LLC
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$14.7M
+130.7%
Restaurant
$14.4M
+126.7%
Retail stores
$14.0M
+121.0%
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
WAREHOUSE, STORAGE
$6,350,000
Current use
COMMERCIAL (GENERAL)
$14,650,000
Change: +131% · Conversion: Difficult
RESTAURANT
$14,395,000
Change: +127% · Conversion: Difficult
RETAIL STORES
$14,035,000
Change: +121% · Conversion: Moderate
MEDICAL BUILDING
$13,125,000
Change: +107% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,195,000
Change: +60% · Conversion: Easy
OFFICE BUILDING
$9,755,000
Change: +54% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,740,000
Change: +22% · Conversion: Moderate
Blend value · Realmo final
$9.74M
Range $8.76M – $10.71M · ±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
$117 / 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
$171,502
Tax year 2023
Assessed value
$4,429,670
Assessed 2024
Previous assessed
$4,025,340
+10.0% YoY
Effective rate
3.87%
On assessed value
Total market value
$8,859,340
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2007
Heating
SPACE
Buildings
2
Stories
1
Units
1
Total area
83,159 SF
Lot
34.44 ac (1,500,206 SF)
APN
H -11-19-400-028
UPID
US43-4249942
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
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
WAREHOUSE, STORAGE Current
Est. value
$6.4M
COMMERCIAL (GENERAL)
Est. value
$14.7M
RESTAURANT
Est. value
$14.4M
RETAIL STORES
Est. value
$14.0M
MEDICAL BUILDING
Est. value
$13.1M
AUTO REPAIR, GARAGE
Est. value
$10.2M
OFFICE BUILDING
Est. value
$9.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.7M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2007
Heating
SPACE
Stories
1
Buildings
2
Units
1
Lot
34.44 ac
Current owner
From public records · entity-resolved
Aml Ventures LLC
Entity
Mailing address
4000 W HIGHLAND RD, HIGHLAND, MI 48357-4007
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 5, 2023
—
Aml Ventures LLC
—
Deed
related
$5,000,000 · Amricredit Financial Services INC
May 13, 2021
—
Aml Ventures LLC
—
Deed
related
$13,850,000 · Americredit Financial Services INC
Oct 18, 2019
—
Amls Ventures LLC
—
Deed
related
$13,238,000 · Americredit Financial Services INC
Oct 31, 2017
—
Aml Ventures LLC
—
Deed
related
$13,238,000 · Americredit Financial Services INC
Jul 14, 2017
—
Amil Ventures LLC
—
Grant Deed
related
$13,238,000 · Gm Fin'l
Feb 1, 2016
—
Aml Ventures LLC
—
Trustees Deed
related
$1,500,000 · Toyota Motor Credit
Sep 5, 2007
—
Aml Ventures LLC
—
Grant Deed
related
$9,928,500 · Toyota Motor Credit
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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