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Property profile & analytics
OFF-MARKET
Commercial real estate
5901 Weller Rd Gregory, MI 48137-9523
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US43-1471673
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1978
Total area
30,416 SF
Lot
11.07 ac (482,209 SF)
Zoning code
IND
APN
09-35-400-012
UPID
US43-1471673
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
-
P & M Industries Inc. Industrial Manufacturer
-
Pierron Corporation 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
Weller Road Properties LLC · 5 yrs held
Weller Road Properties LLC
since 2020
Last sale
$740,000
7 recorded transactions
Zoning & alternative use
IND · Gregory, 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 Gregory submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gregory 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 2023Property tax & assessments
Tax year 2023
Tax billed
$17,896
Tax year 2023
Assessed value
$373,300
Assessed 2024
Previous assessed
$373,300
+0.0% YoY
Effective rate
4.79%
On assessed value
Total market value
$746,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1978
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
30,416 SF
Lot
11.07 ac (482,209 SF)
Zoning code
IND
APN
09-35-400-012
UPID
US43-1471673
Jurisdiction
LIVINGSTON
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
IND · Gregory, MIZoning IND · permitted uses
IND · Gregory, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1978
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
11.07 ac
Current owner
From public records · entity-resolved
Weller Road Properties LLC
Entity
Mailing address
29500 TELEGRAPH RD STE #100, SOUTHFIELD, MI 48034-1358
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
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 24, 2020
$740,000
Weller Road Properties LLC
Detroits Own Farms LLC
Warranty Deed
$100,000 · Detroits Own Farms LLC
Nov 24, 2020
—
Detroits Own Farms LLC
5901 Weller Road LLC
Warranty Deed
related
$50,000 · F & S Real Prop Assocs LLC
Nov 13, 2020
—
Detroits Own Farm LLC
—
Deed
related
$50,000 · F & S Real Prop Assocs LLC
Aug 29, 2018
$211,509
5901 Weller Road LLC
Cataldb,r Christopher
Grant Deed
$270,000 · F & S Real Prop Assocs LLC
Aug 29, 2018
—
5901 Weller Road LLC
Pierron Corp
Warranty Deed
related
—
Jun 19, 2018
$203,355
First Natl Bk
Sheriff Of Livingston County|pierron Corp
Trustees Deed
related
—
Jun 25, 2001
$600,000
Pierron Corp
Daymon,robert C & Ruth
Grant Deed
$150,000 · First National Bank Howell
—
—
Pierron Corp
—
Deed Of Trust
related
$25,000 · First National Bank Howell
—
—
Pierron Corp
—
Deed Of Trust
related
—
—
—
Fnbh P Shipley
—
Deed Of Trust
related
$50,000 · First National Bank Howell
—
—
Pierron Corp
—
Deed Of Trust
related
$35,000 · First National Bank Howell
—
—
Pierron Corp
—
Deed Of Trust
related
$123,000 · First National Bank Howell
—
—
Pierron Corp
—
Deed Of Trust
related
$15,000 · Gg Capital Investments LLC
—
—
Detroits Own Farm LLC
—
Deed Of Trust
related
$50,000 · F & S Real Prop Assocs LLC
—
—
Pierron Corp
—
Deed Of Trust
related
$269,842 · First National Bank Howell
—
—
Pierron Corp
—
Deed Of Trust
related
$269,842 · First National Bank Howell
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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