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Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Industrial properties
5263 6th Mile NW Ct, Comstock Park, MI 49321-9635
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US43-1027673
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1999
Total area
22,592 SF
Lot
1.72 ac (74,923 SF)
Zoning code
I-1
APN
41-09-24-351-048
UPID
US43-1027673
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
-
Kore Inc Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$933k
Blend (final)
Blend
$935k
Owner & transaction history
Karl Burdick · 10 yrs held
Karl Burdick
since 2016
7 recorded transactions
Zoning & alternative use
I-1 · Comstock Park, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.4M
+36.5%
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 Comstock Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Comstock Park 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)
$1,025,000
Current use
AUTO REPAIR, GARAGE
$1,400,000
Change: +36% · Conversion: Easy
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±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
$41 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$20,039
Tax year 2019
Assessed value
$532,200
Assessed 2023
Previous assessed
$489,800
+8.7% YoY
Effective rate
3.77%
On assessed value
Total market value
$1,064,400
Applied tax rate
13.0000
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
1999
Heating
NONE
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Total area
22,592 SF
Lot
1.72 ac (74,923 SF)
Zoning code
I-1
APN
41-09-24-351-048
UPID
US43-1027673
Jurisdiction
KENT
Zoning & alternative use
I-1 · Comstock Park, MI
Zoning I-1 · permitted uses
I-1 · Comstock Park, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Comstock Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$1.4M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
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
1999
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
1.72 ac
Current owner
From public records · entity-resolved
Karl Burdick
Individual
Mailing address
5263 6TH MILE CT NW, COMSTOCK PARK, MI 49321-9635
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2019
—
Karl Burdick
—
Deed
related
$470,000 · First Nat'l Bk/mi
Jun 14, 2018
—
Karl J Burdick
—
Deed
related
$1,250,000 · First Nat'l Bk/mi
Jul 12, 2016
—
Karl Burdick
—
Deed
related
$1,000,000 · First National Bank Of Michigan
Jun 30, 2016
—
Karl Burdick
—
Deed
related
$250,000 · First National Bank Of Michigan
Apr 14, 2016
—
Karl Burdick
Burdick Elsie A Trust
Quit Claim Deed
related
—
Jan 8, 2016
—
Karl Burdick
Burdick,elsie
Quit Claim Deed
related
—
Apr 19, 2013
—
Burdick,elsie A Trust
—
Trustees Deed
related
$450,000 · Huntington National Bank
—
—
Karl Burdick
—
Loan Modification
related
$470,000 · First Nat'l Bk/mi
—
—
Karl J Burdick
—
Deed Of Trust
related
$408,000 · Old Kent Bank
—
—
Burdick,elsie A Trust
—
Deed Of Trust
related
$222,155 · Huntington National Bank
—
—
Burdick Elsie A Trust
—
Deed Of Trust
related
$264,000 · Huntington National Bank
—
—
Karl J Burdick
—
Loan Modification
related
$1,250,000 · First Nat'l Bk/mi
—
—
Burdick Else A Trust
—
Deed Of Trust
related
$311,000 · Standard Federal Bank
—
—
Burdick Elsie A Trust
—
Deed Of Trust
related
$250,000 · Huntington National Bank
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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