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Property profile & analytics
OFF-MARKET
Estimated value
$3,825,000
Flex space
40800 Executive Dr, Harrison Township, MI 48045-1302
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1978007
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1960
Total area
45,000 SF
Lot
2.15 ac (93,828 SF)
Zoning code
IND
APN
17-11-13-277-027
UPID
US43-1978007
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
$3.82M
Blend (final)
Blend
$3.83M
Owner & transaction history
Industrial Harrison Township LLC · 1 yrs held
Industrial Harrison Township LLC
since 2025
4 recorded transactions
Zoning & alternative use
IND · Harrison Township, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.5M
+88.4%
Retail stores
$4.7M
+60.0%
Commercial (general)
$4.6M
+57.7%
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 Harrison Township submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Harrison Township 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
INDUSTRIAL (GENERAL)
$2,935,000
Current use
MEDICAL BUILDING
$5,525,000
Change: +88% · Conversion: Difficult
RETAIL STORES
$4,695,000
Change: +60% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,625,000
Change: +58% · Conversion: Difficult
OFFICE BUILDING
$4,265,000
Change: +45% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,870,000
Change: +32% · Conversion: Easy
WAREHOUSE, STORAGE
$3,035,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$3.83M
Range $3.44M – $4.21M · ±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
$85 / 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
$61,255
Tax year 2022
Assessed value
$1,537,100
Assessed 2023
Previous assessed
$1,222,300
+25.8% YoY
Effective rate
3.99%
On assessed value
Total market value
$3,074,200
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
1960
Heating
FORCED AIR
Stories
1
Total area
45,000 SF
Lot
2.15 ac (93,828 SF)
Zoning code
IND
APN
17-11-13-277-027
UPID
US43-1978007
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
IND · Harrison Township, MI
Zoning IND · permitted uses
IND · Harrison Township, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Harrison Township. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$5.5M
RETAIL STORES
Est. value
$4.7M
COMMERCIAL (GENERAL)
Est. value
$4.6M
OFFICE BUILDING
Est. value
$4.3M
AUTO REPAIR, GARAGE
Est. value
$3.9M
WAREHOUSE, STORAGE
Est. value
$3.0M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
RETAIL STORES
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
1960
Heating
FORCED AIR
Stories
1
Lot
2.15 ac
Current owner
From public records · entity-resolved
Industrial Harrison Township LLC
Entity
Mailing address
41900 EXECUTIVE DR, HARRISON TOWNSHIP, MI 48045-1310
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2025
—
Industrial Harrison Township LLC
Iip Mi 2 LLC
Warranty Deed
$8,500,000 · Iip-mi 2 LLC
Jun 14, 2019
—
Itp-mi 2 LLC
Egh Executive LLC
Warranty Deed
—
Jul 10, 2013
$350,000
Production Drive Properties
Talmer Bk
Grant Deed
—
Oct 5, 2011
$244,272
Talmer Bk & Trust
Deputy Sheriff Of Macomb County
Trustees Deed
related
—
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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