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Property profile & analytics
FOR LEASE
Commercial real estate
4685 Investment Dr, Troy, MI 48098
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US43-0424100
For Lease
1 / 2
$13,410,000
4685 Investment Dr, Troy, MI 48098
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1999
Total area
79,188 SF
Lot
5.33 ac (232,175 SF)
Zoning code
O-1
APN
88-20-17-278-014
UPID
US43-0424100
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
-
Continental Automotive Systems Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.41M
Blend (final)
Blend
$13.41M
Owner & transaction history
Long Lake 2 LLC · 12 yrs held
Long Lake 2 LLC
since 2014
6 recorded transactions
Zoning & alternative use
O-1 · Troy, 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 Troy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Troy 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
COMMERCIAL (GENERAL)
$14,460,000
Current use
RESTAURANT
$13,705,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$13,365,000
Change: -8% · Conversion: Easy
MEDICAL BUILDING
$12,500,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$13.41M
Range $12.07M – $14.75M · ±10%
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
$169 / 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
$155,323
Tax year 2022
Assessed value
$4,526,740
Assessed 2022
Previous assessed
$4,526,740
+0.0% YoY
Effective rate
3.43%
On assessed value
Total market value
$9,053,480
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1999
Heating
YES
Cooling
YES
Stories
3
Units
1
Total area
79,188 SF
Lot
5.33 ac (232,175 SF)
Zoning code
O-1
APN
88-20-17-278-014
UPID
US43-0424100
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
O-1 · Troy, MI
Zoning O-1 · permitted uses
O-1 · Troy, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Troy. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$14.5M
RESTAURANT
Est. value
$13.7M
RETAIL STORES
Est. value
$13.4M
MEDICAL BUILDING
Est. value
$12.5M
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
MEDICAL 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
1999
Heating
YES
Cooling
Yes
Stories
3
Units
1
Lot
5.33 ac
Current owner
From public records · entity-resolved
Long Lake 2 LLC
Entity
Mailing address
4685 INVESTMENT DR, TROY, MI 48098-6335
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
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
Apr 13, 2017
—
Long Lake 2 LLC
—
Grant Deed
related
$18,000,000 · Deutsche Bk Ag
May 6, 2014
—
Long Lake 2 LLC
Piedmont Op-piedmond Jv Ptshp
Grant Deed
related
—
Jun 30, 2000
—
Wells Fund Xii-ret Joint Ventu
Troy Development #1 LLC
Grant Deed
related
—
Aug 12, 1999
—
Troy Development #1 LLC
—
Grant Deed
related
$9,920,000 · Key Bank NA
Aug 25, 1998
—
Troy Development #1 LLC
Bellemead Of Michigan INC
Grant Deed
related
—
—
—
Long Lake 2 LLC
—
Deed Of Trust
related
$12,250,000 · Aetna Health & Life Ins Co
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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