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Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Warehouses
5625 Alpine NW Ave Comstock Park, MI 49321-8394
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US43-1152015
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Total area
10,500 SF
Lot
1 ac (43,560 SF)
Zoning code
C-2
APN
41-09-23-276-005
UPID
US43-1152015
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
-
Comstock Park Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$755k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$860k
Owner & transaction history
5625 Alpine LLC · 3 yrs held
5625 Alpine LLC
since 2022
Last sale
$950,000
7 recorded transactions
Zoning & alternative use
C-2 · Comstock Park, 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 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
$795,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$820,000
6.5%
$755,000
7%
$700,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$865,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$855,000
Change: 0% · Conversion: Moderate
OFFICE BUILDING
$805,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$650,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$860k
Range $774k – $946k · ±10% · vs last sale $950k (Oct 4 2022)
Last sale anchor
$950k
Oct 4 2022
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
$82 / 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
$2,488
Tax year 2019
Assessed value
$296,900
Assessed 2023
Previous assessed
$275,000
+8.0% YoY
Effective rate
0.84%
On assessed value
Total market value
$593,800
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Heating
NONE
Buildings
3
Stories
1
Total area
10,500 SF
Lot
1 ac (43,560 SF)
Zoning code
C-2
APN
41-09-23-276-005
UPID
US43-1152015
Jurisdiction
KENT
Zoning & alternative use
C-2 · Comstock Park, MI
Zoning C-2 · permitted uses
C-2 · 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
COMMERCIAL (GENERAL)
Est. value
$865,000
RETAIL STORES
Est. value
$855,000
OFFICE BUILDING
Est. value
$805,000
AUTO REPAIR, GARAGE
Est. value
$650,000
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
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
Heating
NONE
Stories
1
Buildings
3
Lot
1 ac
Current owner
From public records · entity-resolved
5625 Alpine LLC
Entity
Mailing address
7824 HAWKVIEW CT NE, ADA, MI 49301-8857
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2022
—
5625 Alpine LLC
—
Deed
related
$344,000 · Great Lakes Commercial Finance
Oct 17, 2022
—
5625 Alpine LLC
—
Deed
related
$344,000 · Great Lakes Commercial Finace
Oct 4, 2022
$950,000
5625 Alpine LLC
Self Storage First LLC
Warranty Deed
$472,500 · Consumers Cu
Oct 8, 2021
—
Self Storage First LLC
—
Deed
related
—
Jun 10, 2020
—
Self Storage First LLC
David G Jewell
Warranty Deed
$375,000 · Lake Mi Cu
May 8, 2020
—
Self Storage First LLC
—
Deed Of Trust
related
$375,000 · Lake Mi Cu
Nov 13, 2018
—
David G Jewell
—
Deed
related
$80,000 · Mercantile Bk/mi
Aug 14, 2013
$75,000
David G Jewell
Spruit Bernard A Trust
Warranty Deed
—
Aug 25, 2011
—
Spruit Bernard A Trust
Spruit,bernard A
Quit Claim Deed
related
—
Nov 18, 2010
—
Spruit Bernard A Trust
Spruit,bernard A
Quit Claim Deed
related
—
Oct 31, 2008
—
Bernard A Spruit
Spruit,bernard A
Quit Claim Deed
related
—
—
—
David G Jewell
—
Deed Of Trust
related
$80,000 · Mercantile Bk/mi
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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