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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Commercial real estate
4600 Garfield Rd, Auburn, MI 48611-9369
Entity Owned
5-yr Hold
Free & Clear
Property ID
US43-1100309
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
2.38 ac (103,673 SF)
APN
140-022-200-070-10
UPID
US43-1100309
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
-
North Shore Health Services Medical Clinic
-
Active Community Nursing, LLC Home Health Care Service Occupational Therapist
-
Memorial Healthcare Allergy & Immunology - Auburn Physician Medical Clinic
-
FedEx Drop Box Postal Service Courier Service
-
Mary Olabisi Hollist Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$790k
Owner & transaction history
Toro Investments LLC · 5 yrs held
Toro Investments LLC
since 2021
Last sale
$791,000
5 recorded transactions
Zoning & alternative use
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 Auburn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Auburn 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
$795,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$790k
Range $711k – $869k · ±10% · vs last sale $791k (Jun 2 2021)
Last sale anchor
$791k
Jun 2 2021
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
—
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
$19,952
Tax year 2023
Assessed value
$444,800
Assessed 2024
Previous assessed
$453,750
-2.0% YoY
Effective rate
4.49%
On assessed value
Total market value
$889,600
Applied tax rate
140.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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 real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
FORCED AIR
Lot
2.38 ac (103,673 SF)
APN
140-022-200-070-10
UPID
US43-1100309
Jurisdiction
BAY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
FORCED AIR
Lot
2.38 ac
Current owner
From public records · entity-resolved
Toro Investments LLC
Entity
Free & Clear · 5 yrs held
Mailing address
4867 WHEAT RDG CT, AUBURN, MI 48611-8535
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2021
$791,000
Toro Investments LLC
Parkview Office Plaza LLC
Warranty Deed
—
May 14, 2020
—
The Pines Self Storage Of Auburn Ll
—
Deed
related
$490,000 · 1st State Bank
Mar 1, 2011
—
Parkview Office Plaza LLC
Board Of Cnty Road Commissioners
Quit Claim Deed
related
—
Feb 22, 2011
—
Parkview Office Plaza LLC
Board Of Cnty Road Commissioners
Quit Claim Deed
related
—
Sep 15, 2010
—
Parkview Office Plaza LLC
—
Trustees Deed
related
$440,000 · Independent 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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