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Property profile & analytics
OFF-MARKET
Estimated value
$1,690,000
Flex space
40801 Irwin Dr, Harrison Township, MI 48045-1326
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US43-0073931
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1985
Construction
CONCRETE BLOCKS
Total area
29,000 SF
Lot
1.24 ac (53,927 SF)
Zoning code
IND 20K SF+
APN
17-12-18-102-043
UPID
US43-0073931
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
$1.72M
Blend (final)
Blend
$1.69M
Owner & transaction history
40801 Irwin Drive LLC · 2 yrs held
40801 Irwin Drive LLC
since 2024
7 recorded transactions
Zoning & alternative use
IND 20K SF+ · Harrison Township, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.8M
+45.4%
Auto repair, garage
$2.5M
+31.9%
Warehouse, storage
$2.0M
+3.5%
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)
$1,890,000
Current use
OFFICE BUILDING
$2,750,000
Change: +45% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,495,000
Change: +32% · Conversion: Easy
WAREHOUSE, STORAGE
$1,955,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$1.69M
Range $1.52M – $1.86M · ±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
$58 / 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
$32,734
Tax year 2022
Assessed value
$690,900
Assessed 2023
Previous assessed
$627,200
+10.2% YoY
Effective rate
4.74%
On assessed value
Total market value
$1,381,800
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
1985
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
29,000 SF
Lot
1.24 ac (53,927 SF)
Zoning code
IND 20K SF+
APN
17-12-18-102-043
UPID
US43-0073931
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
IND 20K SF+ · Harrison Township, MI
Zoning IND 20K SF+ · permitted uses
IND 20K SF+ · 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
$1.9M
OFFICE BUILDING
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.5M
WAREHOUSE, STORAGE
Est. value
$2.0M
INDUSTRIAL (GENERAL) Current
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
1985
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.24 ac
Current owner
From public records · entity-resolved
40801 Irwin Drive LLC
Entity
Mailing address
63 SEA RAY BLVD, HARRISON TOWNSHIP, MI 48045-5016
Ownership since
2024
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
May 29, 2024
—
40801 Irwin Drive LLC
S & Dw Group LLC
Warranty Deed
—
May 1, 2020
$832,924
S & Dw Group LLC
Vella Property Management LLC
Warranty Deed
$1,075,403 · Mbank
Jan 21, 2016
—
Vella Property Management LLC
Zielke,kenneth D & Darlene
Quit Claim Deed
related
—
Sep 28, 2015
$775,000
Kenneth D Zielke
Irwin Investment Group LLC
Warranty Deed
$581,250 · Team One Cu
Sep 24, 2015
$662,000
Irwin Investment Group LLC
Hr2 Investment & Leasing LLC
Deed In Lieu Of Foreclosure
—
Jul 9, 2004
$1,064,000
Hr2 Investment & Leasing LLC
Dude Investments LLC
Warranty Deed
$850,000 · Citizens Federal Bank Fsb
—
—
Hr2 Investment & Leasing LLC
—
Deed Of Trust
related
$200,000 · William Tundo
—
—
Hr2 Investment & Leasing LLC
—
Deed Of Trust
related
$325,000 · Citizens State Bank
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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