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Property profile & analytics
OFF-MARKET
Manufacturing properties
4389 Lessing, Waterford, MI 48329-1425
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1010221
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1941
Total area
2,296 SF
Lot
0.84 ac (36,590 SF)
Zoning code
II
APN
W -13-05-127-027
UPID
US43-1010221
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Hollingshead Materials LLC · 4 yrs held
Hollingshead Materials LLC
since 2021
7 recorded transactions
Zoning & alternative use
II · Waterford, 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 Waterford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waterford 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2019Property tax & assessments
Tax year 2019
Tax billed
$1,664
Tax year 2019
Assessed value
$67,980
Assessed 2020
Previous assessed
$67,980
+0.0% YoY
Effective rate
2.45%
On assessed value
Total market value
$135,960
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1941
Heating
SPACE
Buildings
2
Stories
1
Units
1
Total area
2,296 SF
Lot
0.84 ac (36,590 SF)
Zoning code
II
APN
W -13-05-127-027
UPID
US43-1010221
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
II · Waterford, MI
Zoning II · permitted uses
II · Waterford, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Waterford. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1941
Heating
SPACE
Stories
1
Buildings
2
Units
1
Lot
0.84 ac
Current owner
From public records · entity-resolved
Hollingshead Materials LLC
Entity
Mailing address
48000 HIXSON AVE, SHELBY TOWNSHIP, MI 48317-2731
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2021
—
Hollingshead Materials LLC
Elmr Leasing Company
Deed
—
Mar 5, 2020
—
Elmer Leasing Company
—
Deed
related
$14,000,000 · Jpmorgan Chase Bank NA
Dec 19, 2019
—
Paragon Holdings INC
—
Deed
related
—
Dec 21, 2009
—
Elmr Leasing Co
Nagy Concrete Co INC
Quit Claim Deed
related
—
Oct 29, 1998
—
Nagy Concrete Co
Boss Trust
Trustees Deed
related
—
Jul 7, 1998
$382,500
Tom Kuhn
Boss Trust
Grant Deed
—
Apr 13, 1998
—
Waterford Ready Mix LLC
Viers,mark & Giacoma
Quit Claim 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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