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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Office buildings
605 Lapeer Rd Ste A Oxford, MI 48371-6509
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US43-0506672
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1974
Total area
5,453 SF
Lot
0.39 ac (16,988 SF)
Zoning code
BI
APN
P -04-26-303-011
UPID
US43-0506672
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
-
Farmers Insurance - Kenneth Spindler Insurance Agency
-
Parrish & Heimbecker Inc Trucking Company
-
Red Carpet Keim Unlimited Real Estate Agency
-
Katie Mysen, DNP & Associates Physician
-
Hometown Family Practice Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$822k
Blend (final)
Blend
$695k
Owner & transaction history
Herrgott LLC · 14 yrs held
Herrgott LLC
since 2012
3 recorded transactions
Zoning & alternative use
BI · Oxford, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$960,000
+50.2%
Restaurant
$945,000
+47.6%
Retail stores
$920,000
+43.9%
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 Oxford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oxford 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
OFFICE BUILDING
$640,000
Current use
COMMERCIAL (GENERAL)
$960,000
Change: +50% · Conversion: Easy
RESTAURANT
$945,000
Change: +48% · Conversion: Moderate
RETAIL STORES
$920,000
Change: +44% · Conversion: Moderate
MEDICAL BUILDING
$860,000
Change: +35% · Conversion: Easy
AUTO REPAIR, GARAGE
$670,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$695k
Range $626k – $765k · ±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
$127 / 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
$13,290
Tax year 2023
Assessed value
$327,400
Assessed 2024
Previous assessed
$327,100
+0.1% YoY
Effective rate
4.06%
On assessed value
Total market value
$654,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1974
Heating
YES
Stories
1
Units
1
Total area
5,453 SF
Lot
0.39 ac (16,988 SF)
Zoning code
BI
APN
P -04-26-303-011
UPID
US43-0506672
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Oxford, MI
Zoning BI · permitted uses
BI · Oxford, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Oxford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$640,000
COMMERCIAL (GENERAL)
Est. value
$960,000
RESTAURANT
Est. value
$945,000
RETAIL STORES
Est. value
$920,000
MEDICAL BUILDING
Est. value
$860,000
AUTO REPAIR, GARAGE
Est. value
$670,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
MEDICAL 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
Year built
1974
Heating
YES
Stories
1
Units
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
Herrgott LLC
Entity
Mailing address
605 S LAPEER RD STE A, OXFORD, MI 48371-6509
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 16, 2012
—
Herrgott LLC
Herrgott,louise L
Quit Claim Deed
related
—
—
—
Louise L Herrgott
—
Deed Of Trust
related
$20,000 · National City Bank Michigan/il
—
—
Robert H Herrgott
—
Deed Of Trust
related
$200,000 · National City Bank Midwest
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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