New search
Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Commercial land
4150 Middlebelt Rd, West Bloomfield, MI 48323-3217
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1504769
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1949
Total area
2,968 SF
Lot
2.66 ac (115,870 SF)
Zoning code
BV
APN
X -18-13-251-015
UPID
US43-1504769
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
$350k
CAP Approach
CAP
$460k
Comparable Approach
Comparable
$759k
Blend (final)
Blend
$575k
Owner & transaction history
Charter Township Of West Bloomfield · 2 yrs held
Charter Township Of West Bloomfield
since 2023
5 recorded transactions
Zoning & alternative use
BV · West Bloomfield, 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 West Bloomfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Bloomfield 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
$350,000
CAP Approach
CAP Return
Estimation
6%
$500,000
6.5%
$460,000
7%
$430,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$525,000
Current use
RETAIL STORES
$500,000
Change: -4% · Conversion: Easy
MEDICAL BUILDING
$470,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$194 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$8,101
Tax year 2021
Assessed value
$457,890
Assessed 2022
Previous assessed
$457,890
+0.0% YoY
Effective rate
1.77%
On assessed value
Assessed land
$318,640
Assessed improvement
$139,250
Land market value
$637,280
Improvement market value
$278,500
Total market value
$915,780
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1949
Heating
WOOD FURNACE
Cooling
EVAPORATIVE
Stories
1
Total area
2,968 SF
Lot
2.66 ac (115,870 SF)
Zoning code
BV
APN
X -18-13-251-015
UPID
US43-1504769
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BV · West Bloomfield, MI
Zoning BV · permitted uses
BV · West Bloomfield, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Bloomfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$525,000
RETAIL STORES
Est. value
$500,000
MEDICAL BUILDING
Est. value
$470,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
MEDICAL BUILDING
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
1949
Heating
WOOD FURNACE
Cooling
Yes
Stories
1
Lot
2.66 ac
Current owner
From public records · entity-resolved
Charter Township Of West Bloomfield
Individual
Free & Clear · 2 yrs held
Mailing address
32300 NORTHWESTERN HWY STE #230, FARMINGTON HILLS, MI 48334-1571
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2023
—
Charter Township Of West Bloomfield
Hunter Pasteur Homes Prescott Park
Quit Claim Deed
related
—
Dec 21, 2022
—
Hunter Pasteur Homes Prescott Park
—
Deed
related
$3,000,000 · Cibc Bank USA
Jun 16, 2022
—
Hunter Pasteur Homes Prescott Park
—
Deed
related
$1,650,000 · Cibc Bank USA
Dec 17, 2021
—
Hunter Pasteur Homes Prescott Park
W And E Building Company INC
Warranty Deed
—
Sep 23, 2002
$280,000
W & E Building Co INC
Moss,gary B
Grant Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4150 Middlebelt Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
