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Property profile & analytics
OFF-MARKET
Industrial properties
4426 Fernlee Ave Royal Oak, MI 48073-1723
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-5184717
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1956
Total area
3,846 SF
Lot
0.2 ac (8,712 SF)
Zoning code
GEN IND
APN
72-25-05-130-005
UPID
US43-5184717
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
-
HM Homes Construction Company General Contractor
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
4426 Fernlee LLC · 10 yrs held
4426 Fernlee LLC
since 2016
7 recorded transactions
Zoning & alternative use
GEN IND · Royal Oak, 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 Royal Oak submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Royal Oak 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 2021Property tax & assessments
Tax year 2021
Tax billed
$5,922
Tax year 2021
Assessed value
$120,540
Assessed 2024
Previous assessed
$112,400
+7.2% YoY
Effective rate
4.91%
On assessed value
Total market value
$241,080
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1956
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
3,846 SF
Lot
0.2 ac (8,712 SF)
Zoning code
GEN IND
APN
72-25-05-130-005
UPID
US43-5184717
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
GEN IND · Royal Oak, MI
Zoning GEN IND · permitted uses
GEN IND · Royal Oak, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Royal Oak. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1956
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
4426 Fernlee LLC
Entity
Free & Clear · 10 yrs held
Mailing address
2715 NAKOTA RD, ROYAL OAK, MI 48073-1817
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2021
—
4426 Fernlee LLC
—
Deed
related
$360,000 · Alliance Catholic Cu
Jan 22, 2016
—
4426 Fernlee LLC
Grombala,sandra K
Quit Claim Deed
related
—
Jul 13, 2015
—
4426 Fernlee LLC
Schwartz,samuel G
Quit Claim Deed
related
—
Sep 12, 2013
$115,000
Samuel G Schwartz
Meisner,andrew E
Grant Deed
—
Jun 8, 2007
—
Sandra Grombala
Rehe,gary V
Grant Deed
related
—
Mar 16, 2005
—
A B S Home Improvement INC
—
Trustees Deed
related
$135,200 · General Electric Capital Corp
Mar 15, 2005
$330,000
Abs Home Improvement INC
Amtech Electrocircuits INC
Warranty Deed
$169,000 · General Electric Capital Corp
Dec 28, 2001
—
Amtech Electrocircuits INC
—
Deed Of Trust
related
$1,300,000 · Comerica Bank
Aug 17, 1999
$150,000
Amtech Electrocircuits INC
Gucciardo,anthony L & Virginia
Grant Deed
$98,000 · Comerica Bank
—
—
Amtech Electrocircuits INC
—
Deed Of Trust
related
$200,000 · Comerica Bank
—
—
A B S Home Improvement INC
—
Deed Of Trust
related
$142,000 · Michigan Certified Dev Corp
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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