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Property profile & analytics
OFF-MARKET
Estimated value
$1,730,000
Warehouses
42950 Executive Dr, Harrison Township, MI 48045-1318
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US43-0785869
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1992
Total area
17,496 SF
Lot
1.11 ac (48,439 SF)
Zoning code
IND <20K SF
APN
17-12-07-301-005
UPID
US43-0785869
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
$1.66M
Blend (final)
Blend
$1.73M
Owner & transaction history
Bnf Real Estate Holdings LLC · 2 yrs held
Bnf Real Estate Holdings LLC
since 2024
Last sale
$1.8M
5 recorded transactions
Zoning & alternative use
IND <20K SF · Harrison Township, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.5M
+110.2%
Medical building
$2.2M
+82.1%
Retail stores
$1.8M
+54.7%
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
WAREHOUSE, STORAGE
$1,180,000
Current use
RESTAURANT
$2,480,000
Change: +110% · Conversion: Difficult
MEDICAL BUILDING
$2,150,000
Change: +82% · Conversion: Difficult
RETAIL STORES
$1,825,000
Change: +55% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,800,000
Change: +52% · Conversion: Difficult
OFFICE BUILDING
$1,660,000
Change: +41% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,505,000
Change: +28% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,140,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$1.73M
Range $1.56M – $1.90M · ±10% · vs last sale $1.80M (Mar 2 2024)
Last sale anchor
$1.80M
Mar 2 2024
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
$99 / 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
$17,285
Tax year 2022
Assessed value
$632,900
Assessed 2023
Previous assessed
$570,800
+10.9% YoY
Effective rate
2.73%
On assessed value
Total market value
$1,265,800
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1992
Heating
FORCED AIR
Stories
1
Total area
17,496 SF
Lot
1.11 ac (48,439 SF)
Zoning code
IND <20K SF
APN
17-12-07-301-005
UPID
US43-0785869
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
WAREHOUSE, STORAGE Current
Est. value
$1.2M
RESTAURANT
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.2M
RETAIL STORES
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.5M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
WAREHOUSE, STORAGE Current
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1992
Heating
FORCED AIR
Stories
1
Lot
1.11 ac
Current owner
From public records · entity-resolved
Bnf Real Estate Holdings LLC
Entity
Mailing address
54459 N BLUE CLOUD DR STE #205, SHELBY TOWNSHIP, MI 48315-1228
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2024
—
Bnf Real Estate Holdings LLC
Preferred Real Estate Holdings LLC
Deed
—
May 21, 2018
—
Preferred Real Estate Holdings LLC
—
Deed
related
$150,000 · The Huntington National Bank
May 13, 2011
$505,000
Preferred R/e Holdings LLC
Comerica Bk
Grant Deed
related
$429,250 · Huntington National Bank
Sep 16, 2010
$579,268
Comerica Bk
Sheriff Of Macomb County
Trustees Deed
related
—
—
—
Blankenburg Co LLC
—
Deed Of Trust
related
$15,487,736 · Comerica 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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