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Property profile & analytics
OFF-MARKET
Estimated value
$17,095,000
Warehouses
41199 Van Born Rd, Van Buren Township, MI 48111-1358
Entity Owned
Absentee Owner
Free & Clear
Property ID
US43-1050944
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2001
Total area
405,592 SF
Lot
28.4 ac (1,237,104 SF)
Zoning code
M1 LIG
APN
83 002 99 0006 701
UPID
US43-1050944
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
Current use
Occupant on record · Public records
-
Recall Total Information Management Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.09M
Blend (final)
Blend
$17.10M
Owner & transaction history
Van Born Owner LLC
Van Born Owner LLC
since 2026
7 recorded transactions
Zoning & alternative use
M1 LIG · Van Buren Township, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Van Buren Township submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Van Buren 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
WAREHOUSE, STORAGE
$16,550,000
Current use
Blend value · Realmo final
$17.10M
Range $15.39M – $18.80M · ±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
$42 / 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
$318,968
Tax year 2023
Assessed value
$6,203,600
Assessed 2024
Previous assessed
$5,769,300
+7.5% YoY
Effective rate
5.14%
On assessed value
Total market value
$12,407,200
Applied tax rate
82,430.0000
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
2001
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
405,592 SF
Lot
28.4 ac (1,237,104 SF)
Zoning code
M1 LIG
APN
83 002 99 0006 701
UPID
US43-1050944
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
M1 LIG · Van Buren Township, MI
Zoning M1 LIG · permitted uses
M1 LIG · Van Buren Township, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Van Buren Township. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$16.6M
WAREHOUSE, STORAGE Current
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
2001
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
28.4 ac
Current owner
From public records · entity-resolved
Van Born Owner LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1001 WOODWARD AVE FL 5TH, DETROIT, MI 48226-2723
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2026
—
Van Born Owner LLC
Van Born Propco LLC
Deed
related
—
Dec 5, 2025
—
Ld Outdoor Propco LLC
—
Deed
related
$274,500 · Wilmington Trust NA
Mar 16, 2023
—
Van Born Propco LLC
G&i Ix Detroit Van Born Road LLC
Deed
$58,500,000 · Voya Investment Management LLC
Nov 1, 2021
—
Ld Outdoor Propco LLC
Landmark Infrastructure Holding Co
Assignment Of Lease (leasehold Sale)
—
Sep 16, 2019
—
G & I Ix Detroit Van Born Road L
—
Loan Modification
related
$60,087,000 · Bank Of America
Jul 31, 2017
—
G & I Ix Detroit Van Born Road
Welsh Romulus LLC
Trustees Deed
$47,000,000 · Bank Of America
Feb 1, 2010
—
Welsh Romulus LLC
—
Deed Of Trust
related
$64,560,000 · Bear Stearns Com'l Mtg Secs In
Jun 1, 2007
—
Welsh Romulus LLC
Liberty Property LP
Other
$64,560,000 · Prudential Mortgage Capital Co LLC
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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