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Property profile & analytics
OFF-MARKET
Estimated value
$3,515,000
Automotive properties
48500 12th Mile Rd Wixom, MI 48393-3711
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1508798
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1992
Total area
35,839 SF
Lot
9.03 ac (393,347 SF)
Zoning code
B-3
APN
96-22-08-376-031
UPID
US43-1508798
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
-
Wilson Marine Wixom (Bike/Boat/Book/etc) Store
-
Wilson Marine Parts/Service Wixom Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
-
Nancy Baitas Agency: Mcnamara Robert Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.00M
Blend (final)
Blend
$3.52M
Owner & transaction history
Sun Acquisitions III LLC · 8 yrs held
Sun Acquisitions III LLC
since 2018
4 recorded transactions
Zoning & alternative use
B-3 · Wixom, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.7M
+28.8%
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 Wixom submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wixom 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
AUTO REPAIR, GARAGE
$4,395,000
Current use
MEDICAL BUILDING
$5,660,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$4,205,000
Change: -4% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,910,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$3.52M
Range $3.16M – $3.87M · ±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
$98 / 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
$71,273
Tax year 2023
Assessed value
$1,605,900
Assessed 2024
Previous assessed
$1,542,640
+4.1% YoY
Effective rate
4.44%
On assessed value
Total market value
$3,211,800
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1992
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
35,839 SF
Lot
9.03 ac (393,347 SF)
Zoning code
B-3
APN
96-22-08-376-031
UPID
US43-1508798
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Wixom, MI
Zoning B-3 · permitted uses
B-3 · Wixom, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wixom. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$4.4M
MEDICAL BUILDING
Est. value
$5.7M
OFFICE BUILDING
Est. value
$4.2M
INDUSTRIAL (GENERAL)
Est. value
$3.9M
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
OFFICE BUILDING
INDUSTRIAL (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
1992
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
9.03 ac
Current owner
From public records · entity-resolved
Sun Acquisitions III LLC
Entity
Mailing address
6095 GRAND RIV RD, BRIGHTON, MI 48114-9335
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2025
—
Sun Acquisition III LLC
—
Deed
related
$2,589,161 · Bank Of Ann Arbor
May 30, 2018
—
Sun Acquisitions III LLC
Lag Wixom LLC
Warranty Deed
$3,900,000 · Fifth Third Bank
Aug 10, 2016
$3,506,666
Lag Wixom LLC
Wixom East LLC
Warranty Deed
$2,981,000 · Dba Gm Financial
Aug 9, 2016
—
Wixom East LLC
Baidas,robert S & Nancy
Quit Claim Deed
related
—
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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