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Property profile & analytics
OFF-MARKET
Industrial land
5665 Sterling Dr Howell, MI 48843-9555
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-0972948
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
5.03 ac (219,107 SF)
Zoning code
IND
APN
11-15-200-029
UPID
US43-0972948
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
-
Pool Geek (Bike/Boat/Book/etc) Store Hardware & Home Improvement
-
5665 Sterling Dr Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
William R Johns · 1 yrs held
William R Johns
since 2025
7 recorded transactions
Zoning & alternative use
IND · Howell, 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 Howell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Howell 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,280
Tax year 2019
Assessed value
$104,100
Assessed 2023
Previous assessed
$93,100
+11.8% YoY
Effective rate
4.11%
On assessed value
Total market value
$208,200
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 land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
5.03 ac (219,107 SF)
Zoning code
IND
APN
11-15-200-029
UPID
US43-0972948
Jurisdiction
LIVINGSTON
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
IND · Howell, MI
Zoning IND · permitted uses
IND · Howell, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Howell. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
5.03 ac
Current owner
From public records · entity-resolved
William R Johns
Individual
Free & Clear · 1 yrs held
Mailing address
44700 N GROESBECK HWY, CLINTON TOWNSHIP, MI 48036-1105
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2025
—
William R Johns
William R Johns
Deed
related
—
Feb 14, 2022
—
William Johns
Adams Outdoor Advertising LP
Lease
—
Dec 3, 2020
—
William R Johns
Masonite Corp
Warranty Deed
—
Oct 8, 2020
—
William R Johns
Masonite Corp
Warranty Deed
related
$1,350,000 · North Star Bk
Oct 11, 2017
—
Masonite Corp
Korich INC
Warranty Deed
related
—
Apr 23, 2002
—
Korich INC
—
Deed Of Trust
related
$1,215,000 · Community Bank Of Dearborn
—
—
Korich INC
—
Deed Of Trust
related
$801,374 · United Bank & Trust Co
—
—
Korich INC
—
Deed Of Trust
related
$433,000 · Community Bank Of Dearborn
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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