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Property profile & analytics
OFF-MARKET
Estimated value
$10,815,000
Manufacturing properties
531 Ajax Dr 631, Madison Heights, MI 48071-2429
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1493218
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1989
Total area
112,911 SF
Lot
5.82 ac (253,519 SF)
APN
44-25-11-427-021
UPID
US43-1493218
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
-
TrynEx® International—SnowEx, TurfEx & SweepEx Industrial Manufacturer Production Facility
-
Dr. James A. Truan, MD Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.82M
CAP Approach
CAP
$8.61M
Comparable Approach
Comparable
$8.36M
Blend (final)
Blend
$10.82M
Owner & transaction history
Agnl Blizzard LLC · 1 yrs held
Agnl Blizzard LLC
since 2024
Last sale
$10.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$17.8M
+110.0%
Auto repair, garage
$13.8M
+63.1%
Office building
$13.2M
+56.0%
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 Madison Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madison Heights 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
$10,815,000
ML approach
$10,815,000
CAP Approach
CAP Return
Estimation
6%
$9,325,000
6.5%
$8,605,000
7%
$7,990,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$8,490,000
Current use
MEDICAL BUILDING
$17,825,000
Change: +110% · Conversion: Difficult
AUTO REPAIR, GARAGE
$13,840,000
Change: +63% · Conversion: Easy
OFFICE BUILDING
$13,245,000
Change: +56% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,510,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$10.82M
Range $9.73M – $11.90M · ±10% · vs last sale $10.81M (Sep 20 2024)
Last sale anchor
$10.81M
Sep 20 2024
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
$96 / 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
$113,888
Tax year 2023
Assessed value
$3,259,310
Assessed 2024
Previous assessed
$3,044,210
+7.1% YoY
Effective rate
3.49%
On assessed value
Total market value
$6,518,620
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
1989
Heating
YES
Buildings
2
Stories
1
Units
1
Total area
112,911 SF
Lot
5.82 ac (253,519 SF)
APN
44-25-11-427-021
UPID
US43-1493218
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$8.5M
MEDICAL BUILDING
Est. value
$17.8M
AUTO REPAIR, GARAGE
Est. value
$13.8M
OFFICE BUILDING
Est. value
$13.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.5M
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
1989
Heating
YES
Stories
1
Buildings
2
Units
1
Lot
5.82 ac
Current owner
From public records · entity-resolved
Agnl Blizzard LLC
Entity
Free & Clear · 1 yrs held
Mailing address
245 PARK AVE #631, NEW YORK, NY 10167-0002
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2024
—
Agnl Blizzard LLC
—
Deed
related
$42,097,500 · Bank Of Montreal
Sep 20, 2024
$10,813,806
Agnl Blizzard LLC
Trynex International LLC
Deed
—
Sep 20, 2024
—
Douglas Dynamics LLC
Agnl Blizzard LLC
Lease
—
Oct 17, 2016
—
Trynex International LLC
—
Deed
related
—
May 20, 2013
—
Acquisition Tango LLC
Dynamex Properties LLC
Grant Deed
—
Mar 23, 2010
—
Dynamex Properties LLC
Ogura Corp
Warranty Deed
$8,092 · Comerica Bank
—
—
Trynex International LLC
—
Loan Modification
related
—
—
—
Trynex International LLC
—
Loan Modification
related
—
—
—
Trynex International LLC
—
Loan Modification
related
—
—
—
Trynex International LLC
—
Loan Modification
related
—
—
—
Dynamex Properties LLC
—
Deed Of Trust
related
$8,738,897 · Comerica 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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