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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Manufacturing properties
610 Cambourne St Ferndale, MI 48220-1378
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0289548
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1953
Total area
8,275 SF
Lot
0.5 ac (21,780 SF)
Zoning code
II
APN
24-25-27-481-019
UPID
US43-0289548
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$561k
Blend (final)
Blend
$530k
Owner & transaction history
Cambourne Properties LLC · 9 yrs held
Cambourne Properties LLC
since 2017
5 recorded transactions
Zoning & alternative use
II · Ferndale, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$755,000
+127.2%
Restaurant
$755,000
+127.1%
Neighborhood: shopping center
$625,000
+88.6%
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 Ferndale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ferndale 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
INDUSTRIAL (GENERAL)
$330,000
Current use
COMMERCIAL (GENERAL)
$755,000
Change: +127% · Conversion: Difficult
RESTAURANT
$755,000
Change: +127% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$625,000
Change: +89% · Conversion: Difficult
MEDICAL BUILDING
$520,000
Change: +57% · Conversion: Difficult
OFFICE BUILDING
$510,000
Change: +53% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$64 / 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
$7,988
Tax year 2023
Assessed value
$207,900
Assessed 2024
Previous assessed
$192,720
+7.9% YoY
Effective rate
3.84%
On assessed value
Total market value
$415,800
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1953
Heating
GAS
Cooling
YES
Stories
1
Units
1
Total area
8,275 SF
Lot
0.5 ac (21,780 SF)
Zoning code
II
APN
24-25-27-481-019
UPID
US43-0289548
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
II · Ferndale, MI
Zoning II · permitted uses
II · Ferndale, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ferndale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$330,000
COMMERCIAL (GENERAL)
Est. value
$755,000
RESTAURANT
Est. value
$755,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$625,000
MEDICAL BUILDING
Est. value
$520,000
OFFICE BUILDING
Est. value
$510,000
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
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
1953
Heating
GAS
Cooling
Yes
Stories
1
Units
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
Cambourne Properties LLC
Entity
Mailing address
645 GRISWOLD ST STE #4300, DETROIT, MI 48226-4211
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 25, 2018
—
Gershon Askenazy
—
Deed
related
—
Jan 20, 2017
$320,000
Cambourne Properties LLC
Jamison,robert M & Paula C
Warranty Deed
$78,690 · Paul H Huth
Sep 16, 2005
—
Cambourne Properties LLC
Jamison,robert M & Paula C
Grant Deed
—
Sep 16, 2005
$135,000
Robert M Jamison
W C Mccurdy
Warranty Deed
—
—
—
Gershon Askenazy
—
Deed Of Trust
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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