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Property profile & analytics
OFF-MARKET
Estimated value
$6,450,000
Manufacturing properties
51100 Pontiac Trl, Wixom, MI 48393-2041
Entity Owned
17-yr Hold
Free & Clear
Property ID
US43-5149075
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1979
Total area
75,499 SF
Lot
4.42 ac (192,535 SF)
Zoning code
M-1
APN
96-17-31-351-016
UPID
US43-5149075
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
-
Grand Steel Products Inc Factory Production Facility
-
Steel Testing Laboratory Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.45M
Blend (final)
Blend
$6.45M
Owner & transaction history
Barnett Industrial Properties LLC · 17 yrs held
Barnett Industrial Properties LLC
since 2008
7 recorded transactions
Zoning & alternative use
M-1 · Wixom, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$9.3M
+12.4%
Office building
$8.9M
+7.6%
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
INDUSTRIAL (GENERAL)
$8,235,000
Current use
AUTO REPAIR, GARAGE
$9,255,000
Change: +12% · Conversion: Easy
OFFICE BUILDING
$8,855,000
Change: +8% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,025,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$6.45M
Range $5.81M – $7.10M · ±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
$85 / 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
$87,271
Tax year 2023
Assessed value
$2,450,630
Assessed 2024
Previous assessed
$2,301,580
+6.5% YoY
Effective rate
3.56%
On assessed value
Total market value
$4,901,260
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
1979
Heating
GAS
Buildings
2
Stories
1
Units
1
Total area
75,499 SF
Lot
4.42 ac (192,535 SF)
Zoning code
M-1
APN
96-17-31-351-016
UPID
US43-5149075
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
M-1 · Wixom, MI
Zoning M-1 · permitted uses
M-1 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$8.2M
AUTO REPAIR, GARAGE
Est. value
$9.3M
OFFICE BUILDING
Est. value
$8.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.0M
INDUSTRIAL (GENERAL) Current
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
1979
Heating
GAS
Stories
1
Buildings
2
Units
1
Lot
4.42 ac
Current owner
From public records · entity-resolved
Barnett Industrial Properties LLC
Entity
Free & Clear · 17 yrs held
Mailing address
51100 PONTIAC TRL, WIXOM, MI 48393-2041
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2019
—
Barnett Indl Prop LLC
—
Deed
related
$23,596,731 · Huntington Nat'l Bk
Sep 10, 2008
$1,074,900
Barnett Industrial Properties LLC
Mkr Associates LLC
Warranty Deed
—
Dec 30, 2003
—
Mkr Associates LLC
Wixom Associates III LLC
Grant Deed
related
—
Jan 25, 2002
$1,400,000,000
Wixom Associates III LLC
Kennedy Boring & Machine INC
Grant Deed
$1,100,000 · Comerica Bank
—
—
Barnett Industrial Properties
—
Loan Modification
related
$8,169,039 · Huntington National Bank
—
—
Barnett Industrial Props LLC
—
Deed Of Trust
related
$4,380,000 · Huntington National Bank
—
—
Barnett Indl Prop LLC
—
Loan Modification
related
$23,596,731 · Huntington Nat'l 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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