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Property profile & analytics
OFF-MARKET
Estimated value
$4,190,000
Office buildings
51701 Grand Riv Ave Wixom, MI 48393-2307
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US43-1533219
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2021
Total area
172,700 SF
Lot
21.78 ac (948,737 SF)
Zoning code
II
APN
K -21-12-451-016
UPID
US43-1533219
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
-
NLB Corporation Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.40M
Blend (final)
Blend
$4.19M
Owner & transaction history
Nlb Corp · 5 yrs held
Nlb Corp
since 2020
Last sale
$3.6M
7 recorded transactions
Zoning & alternative use
II · Wixom, 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 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
$4,070,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.19M
Range $3.77M – $4.61M · ±10% · vs last sale $3.65M (Sep 24 2020)
Last sale anchor
$3.65M
Sep 24 2020
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
$24 / 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
$36,341
Tax year 2023
Assessed value
$986,690
Assessed 2024
Previous assessed
$939,250
+5.1% YoY
Effective rate
3.68%
On assessed value
Total market value
$1,973,380
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2021
Heating
YES
Buildings
2
Stories
2
Units
1
Total area
172,700 SF
Lot
21.78 ac (948,737 SF)
Zoning code
II
APN
K -21-12-451-016
UPID
US43-1533219
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
II · Wixom, MI
Zoning II · permitted uses
II · 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.
Building & site characteristics
From public records
Year built
2021
Heating
YES
Stories
2
Buildings
2
Units
1
Lot
21.78 ac
Current owner
From public records · entity-resolved
Nlb Corp
Entity
Mailing address
51701 GRAND RIV AVE, WIXOM, MI 48393-2307
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2020
$3,645,000
Nlb Corp
51701 Grand River Avenue LLC
Warranty Deed
—
Apr 7, 2004
—
Richard Brainer
—
Deed Of Trust
related
$1,000,000 · Private Bank
—
—
Richard J Brainer
—
Deed Of Trust
related
$200,000 · Metrobank
—
—
Richard J Brainer
—
Deed Of Trust
related
$200,000 · Metrobank
—
—
Richard Brainer
—
Deed Of Trust
related
$518,253 · Greenstone Farm Credit Svcs
—
—
Richard Brainer
—
Deed Of Trust
related
$938,238 · Greenstone Farm Credit Svcs
—
—
Richard Brainer
—
Deed Of Trust
related
$770,000 · Nations Hm Loan
—
—
Richard Brainer
—
Deed Of Trust
related
$100,000 · Nations Hm Loan
—
—
Richard J Brainer
—
Deed Of Trust
related
$730,000 · Bank Of George
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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