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Property profile & analytics
OFF-MARKET
Estimated value
$1,240,000
Warehouses
4701 Van Dyke Rd Almont, MI 48003-8516
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US43-4376341
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1962
Total area
22,252 SF
Lot
1.94 ac (84,506 SF)
Zoning code
IND
APN
001-130-001-00
UPID
US43-4376341
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
-
R.A.B. Industries, Inc. Factory Industrial Manufacturer
-
Legacy Metal Services Metal Fabrication Plant Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.24M
Owner & transaction history
Legacy Metal Properties LLC · 6 yrs held
Legacy Metal Properties LLC
since 2020
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
IND · Almont, 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 Almont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Almont 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
$1,325,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,725,000
Change: 0% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,550,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.24M
Range $1.12M – $1.36M · ±10% · vs last sale $1.20M (May 12 2020)
Last sale anchor
$1.20M
May 12 2020
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
$56 / 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
$8,063
Tax year 2023
Assessed value
$188,300
Assessed 2024
Previous assessed
$167,900
+12.2% YoY
Effective rate
4.28%
On assessed value
Total market value
$376,600
Applied tax rate
1.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1962
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
22,252 SF
Lot
1.94 ac (84,506 SF)
Zoning code
IND
APN
001-130-001-00
UPID
US43-4376341
Jurisdiction
LAPEER
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
IND · Almont, MI
Zoning IND · permitted uses
IND · Almont, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Almont. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.6M
RETAIL STORES
COMMERCIAL (GENERAL)
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
1962
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
1.94 ac
Current owner
From public records · entity-resolved
Legacy Metal Properties LLC
Entity
Mailing address
4701 VAN DYKE RD, ALMONT, MI 48003-8516
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2024
—
Legacy Metal Properties LLC
—
Deed
related
$466,653 · Choiceone Bank
Aug 31, 2020
—
Legacy Metal Properties LLC
—
Deed
related
$600,000 · Choice One Bk
Jun 3, 2020
—
Legacy Metal Properties LLC
—
Deed
related
$496,000 · Community Dev Commission
May 12, 2020
$1,200,000
Legacy Metal Properties LLC
B & B Storage LLC
Warranty Deed
$1,080,000 · Lakestone Bk&tr
Jan 2, 2007
$250,000
B & B Storage LLC
New Venture R/e Holdings LLC
Warranty Deed
$250,000 · Tri-county Bank
—
—
B & B Storage LLC
—
Deed Of Trust
related
$385,669 · Huntington National Bank
—
—
Legacy Metal Properties LLC
—
Deed Of Trust
related
$496,000 · Community Dev Commission
—
—
Legacy Metal Properties LLC
—
Deed Of Trust
related
$600,000 · Choice One Bk
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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