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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Manufacturing properties
4495 Highland Rd, Waterford, MI 48328-1223
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1019044
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1979
Total area
4,789 SF
Lot
1.34 ac (58,370 SF)
Zoning code
II
APN
W -13-22-178-007
UPID
US43-1019044
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
$513k
Blend (final)
Blend
$620k
Owner & transaction history
4495 Highland Road INC · 1 yrs held
4495 Highland Road INC
since 2025
Last sale
$800,000
6 recorded transactions
Zoning & alternative use
II · Waterford, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$840,000
+116.7%
Medical building
$755,000
+95.0%
Retail stores
$490,000
+26.2%
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
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
INDUSTRIAL (GENERAL)
$390,000
Current use
COMMERCIAL (GENERAL)
$840,000
Change: +117% · Conversion: Difficult
MEDICAL BUILDING
$755,000
Change: +95% · Conversion: Difficult
RETAIL STORES
$490,000
Change: +26% · Conversion: Moderate
AUTO REPAIR, GARAGE
$465,000
Change: +20% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$445,000
Change: +15% · Conversion: Difficult
OFFICE BUILDING
$420,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$620k
Range $558k – $682k · ±10% · vs last sale $800k (Mar 26 2025)
Last sale anchor
$800k
Mar 26 2025
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
$129 / 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
$6,597
Tax year 2023
Assessed value
$209,420
Assessed 2024
Previous assessed
$201,900
+3.7% YoY
Effective rate
3.15%
On assessed value
Total market value
$418,840
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
1979
Heating
YES
Stories
1
Units
1
Total area
4,789 SF
Lot
1.34 ac (58,370 SF)
Zoning code
II
APN
W -13-22-178-007
UPID
US43-1019044
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$390,000
COMMERCIAL (GENERAL)
Est. value
$840,000
MEDICAL BUILDING
Est. value
$755,000
RETAIL STORES
Est. value
$490,000
AUTO REPAIR, GARAGE
Est. value
$465,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$445,000
OFFICE BUILDING
Est. value
$420,000
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE 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
1979
Heating
YES
Stories
1
Units
1
Lot
1.34 ac
Current owner
From public records · entity-resolved
4495 Highland Road INC
Entity
Mailing address
20 W WASHINGTON ST STE #15, CLARKSTON, MI 48346-1576
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2025
—
4495 Highland Road INC
—
Deed
related
$337,000 · Great Lakes Commercial Finance
Jun 26, 2025
$800,000
4495 Highland Road INC
Seba Road LLC
Warranty Deed
$724,500 · Security Cu
Oct 8, 2015
$450,000
Seba Road LLC
Rising,dennis S & Denise H
Warranty Deed
$616,000 · Huron Vly State Bk
Nov 12, 2013
—
Seba Road LLC
Rising,dennis S & Denise H
Grant Deed
—
Aug 23, 2002
$297,000
Dennis S Rising
Richardson,tr
Grant Deed
—
—
—
Rising Enterprises Of Mi LLC
—
Deed Of Trust
related
$2,000,000 · State 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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