New search
Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Industrial properties
505 Territorial Rd, Manchester, MI 48158-8703
Entity Owned
2-yr Hold
Free & Clear
Property ID
US43-0440167
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1979
Lot
5.11 ac (222,592 SF)
Zoning code
I-1 LIM
APN
16-16-11-226-001
UPID
US43-0440167
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
-
Arbor Contracting Inc General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$595k
Owner & transaction history
505 Territorial LLC · 2 yrs held
505 Territorial LLC
since 2023
Last sale
$595,000
7 recorded transactions
Zoning & alternative use
I-1 LIM · Manchester, 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 Manchester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manchester 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
$565,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $595k (Jul 24 2023)
Last sale anchor
$595k
Jul 24 2023
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
—
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 2019Property tax & assessments
Tax year 2019
Tax billed
$6,546
Tax year 2019
Assessed value
$214,800
Assessed 2024
Previous assessed
$205,300
+4.6% YoY
Effective rate
3.05%
On assessed value
Total market value
$429,600
Applied tax rate
16.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1979
Heating
FORCED AIR
Lot
5.11 ac (222,592 SF)
Zoning code
I-1 LIM
APN
16-16-11-226-001
UPID
US43-0440167
Jurisdiction
WASHTENAW
Zoning & alternative use
I-1 LIM · Manchester, MI
Zoning I-1 LIM · permitted uses
I-1 LIM · Manchester, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Manchester. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1979
Heating
FORCED AIR
Lot
5.11 ac
Current owner
From public records · entity-resolved
505 Territorial LLC
Entity
Free & Clear · 2 yrs held
Mailing address
12040 CROOKED LN, SOUTH LYON, MI 48178-8800
Ownership since
2023
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
Jul 24, 2023
$595,000
505 Territorial LLC
Newplace Properties LLC
Warranty Deed
—
Sep 21, 2012
$250,000
Newplace Properties LLC
Richard D Stetler
Warranty Deed
$150,000 · Chelsea State Bank
Sep 5, 2001
—
Richard D Stetler
Arbor Contracting INC
Grant Deed
$300,000 · United Bank & Trust Co
Mar 29, 2001
—
Village Mi Manchester
Davis,bascum J & Joyce E
Grant Deed
related
—
Jan 31, 2001
—
Bascum J Davis
Davis Excavating INC
Quit Claim Deed
related
$53,500 · Greenstone Farm Credit Svcs
Jun 30, 1995
$185,000
Davis Excavating INC
Union Const Co
Grant Deed
$149,500 · Farm Credit Serv Se Mi
—
—
Richard D Stetler
—
Deed Of Trust
related
$50,000 · United Bank & Trust Washtenaw
—
—
Richard D Stetler
—
Deed Of Trust
related
$108,479 · United Bank & Trust Washtenaw
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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