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Property profile & analytics
OFF-MARKET
Estimated value
$2,755,000
Auto shops
48600 12th Mile Rd Wixom, MI 48393-3712
Entity Owned
14-yr Hold
Free & Clear
Property ID
US43-1015280
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1975
Total area
32,912 SF
Lot
6 ac (261,360 SF)
Zoning code
B-3
APN
96-22-08-376-010
UPID
US43-1015280
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
-
Hadley's Towing Wixom Auto Repair Shop
-
Hadley's Towing Auto Repair Shop
-
Varsity Lincoln Collision Center Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.13M
Blend (final)
Blend
$2.76M
Owner & transaction history
Varsity Lincoln Properties LLC · 14 yrs held
Varsity Lincoln Properties LLC
since 2012
1 recorded transaction
Zoning & alternative use
B-3 · Wixom, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The B-3 general business district is designed to cater to the needs of a larger consumer population, including the overall community, other surrounding communities and passerby traffic
Zone name
General Business
General category
COMMERCIAL
Zone area
134.77 ac
Source
Realmo
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
$4,035,000
Current use
OFFICE BUILDING
$3,860,000
Change: -4% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,590,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$2.76M
Range $2.48M – $3.03M · ±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
$84 / 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
$43,991
Tax year 2023
Assessed value
$1,257,690
Assessed 2024
Previous assessed
$1,200,500
+4.8% YoY
Effective rate
3.50%
On assessed value
Total market value
$2,515,380
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1975
Heating
GAS
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
32,912 SF
Lot
6 ac (261,360 SF)
Zoning code
B-3
APN
96-22-08-376-010
UPID
US43-1015280
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Wixom, MIZoning 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
Zoning description
The B-3 general business district is designed to cater to the needs of a larger consumer population, including the overall community, other surrounding communities and passerby traffic
Zone name
General Business
General category
COMMERCIAL
Zone area
134.77 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$4.0M
OFFICE BUILDING
Est. value
$3.9M
INDUSTRIAL (GENERAL)
Est. value
$3.6M
AUTO REPAIR, GARAGE Current
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
1975
Heating
GAS
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
6 ac
Current owner
From public records · entity-resolved
Varsity Lincoln Properties LLC
Entity
Free & Clear · 14 yrs held
Mailing address
PO BOX 633, NOVI, MI 48376-0633
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2012
—
Varsity Lincoln Properties LLC
Stanford Brothers Properties
Grant Deed
—
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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