New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,350,000
Manufacturing properties
4999 Mccarthy Dr, Milford, MI 48381-3947
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1503749
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1987
Total area
13,525 SF
Lot
2.74 ac (119,354 SF)
Zoning code
II
APN
L -16-35-451-026
UPID
US43-1503749
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.03M
Comparable Approach
Comparable
$1.21M
Blend (final)
Blend
$1.35M
Owner & transaction history
Jms Mccarthy LLC · 1 yrs held
Jms Mccarthy LLC
since 2024
Last sale
$1.4M
6 recorded transactions
Zoning & alternative use
II · Milford, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.1M
+95.0%
Auto repair, garage
$1.7M
+51.4%
Office building
$1.6M
+44.9%
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 Milford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milford 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
$1,445,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,115,000
6.5%
$1,030,000
7%
$955,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,095,000
Current use
MEDICAL BUILDING
$2,135,000
Change: +95% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,660,000
Change: +51% · Conversion: Easy
OFFICE BUILDING
$1,585,000
Change: +45% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,260,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$1.35M
Range $1.22M – $1.49M · ±10% · vs last sale $1.37M (Aug 23 2021)
Last sale anchor
$1.37M
Aug 23 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
$100 / 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
$20,915
Tax year 2023
Assessed value
$441,000
Assessed 2024
Previous assessed
$426,300
+3.4% YoY
Effective rate
4.74%
On assessed value
Total market value
$882,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1987
Heating
GAS
Cooling
YES
Stories
1
Units
1
Total area
13,525 SF
Lot
2.74 ac (119,354 SF)
Zoning code
II
APN
L -16-35-451-026
UPID
US43-1503749
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
II · Milford, MI
Zoning II · permitted uses
II · Milford, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Milford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1987
Heating
GAS
Cooling
Yes
Stories
1
Units
1
Lot
2.74 ac
Current owner
From public records · entity-resolved
Jms Mccarthy LLC
Entity
Mailing address
4TH DR DR, MILFORD, MI 48381
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Nov 12, 2024
—
Jms Mccarthy LLC
Mjm Folsom
Quitclaim Deed
related
$700,000 · Huron Valley State Bank
Dec 7, 2021
$440,000
Mjm Folsom
Zina Smith
Warranty Deed
—
Oct 5, 2021
—
Zina Smith
Robert Hawley
Quitclaim Deed
related
—
Aug 23, 2021
$1,374,200
Jms Mccarthy LLC
Parita Michigan Ventures LLC
Warranty Deed
$1,095,000 · Waterford Bank NA
May 30, 2008
—
Parita Michigan Ventures LLC
Hawley,robert & Darline
Warranty Deed
—
Aug 13, 2007
—
Robert W Hawley
Cornwall Properties LLC
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.
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?”
You own 4999 Mccarthy Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
