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Property profile & analytics
OFF-MARKET
Estimated value
$1,380,000
Industrial properties
6202 State Rd, Goodrich, MI 48438-8850
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US43-0991370
Property summary
AI-generated overview
This exceptional industrial warehouse property, located at 6202 S State Rd, Goodrich, MI 48438, offers 22,120 square feet of versatile space for lease. The building is currently fully vacant and features four individual suites, with a minimum divisible space of 5,460 square feet and a maximum contiguous space of 8,400 square feet. The property boasts a substantial 29-foot ceiling height, ideal for various industrial uses. Loading and unloading is facilitated by one dock-high door and one loading dock. Power is ample, with a 3,200 amp / 480-volt system in place. The property is zoned M-1 and C-2, offering flexibility for a range of businesses. Its convenient location near Perry Road provides easy access to major transportation routes. This is a rare opportunity to secure a large, well-equipped warehouse in a desirable Michigan location. The property is ready for immediate occupancy, allowing for a swift start to your operations. Contact us today to schedule a viewing and explore the possibilities this exceptional warehouse offers. The total building comprises four suites, all currently available.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1986
Construction
STEEL FRAME
Total area
43,036 SF
Lot
24.96 ac (1,087,258 SF)
Zoning code
M-1
APN
02-10-100-019
UPID
US43-0991370
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
-
PolyFlex Products, Inc. Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$1.38M
Owner & transaction history
Adore Investments LLC · 2 yrs held
Adore Investments LLC
since 2023
6 recorded transactions
Zoning & alternative use
M-1 · Goodrich, 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 Goodrich submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Goodrich 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)
$1,680,000
Current use
Blend value · Realmo final
$1.38M
Range $1.24M – $1.52M · ±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
$32 / 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
$28,968
Tax year 2019
Assessed value
$620,200
Assessed 2023
Previous assessed
$541,900
+14.4% YoY
Effective rate
4.67%
On assessed value
Total market value
$1,240,400
Applied tax rate
2.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1986
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Total area
43,036 SF
Lot
24.96 ac (1,087,258 SF)
Zoning code
M-1
APN
02-10-100-019
UPID
US43-0991370
Jurisdiction
GENESEE
Zoning & alternative use
M-1 · Goodrich, MI
Zoning M-1 · permitted uses
M-1 · Goodrich, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Goodrich. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.7M
INDUSTRIAL (GENERAL) Current
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
1986
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Lot
24.96 ac
Current owner
From public records · entity-resolved
Adore Investments LLC
Entity
Mailing address
3664 NESTING RDG DR, ROCHESTER HILLS, MI 48309-4515
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2023
—
Adore Investments LLC
Dmk Investors LLC
Quit Claim Deed
related
$2,295,000 · Jpmorgan Chase Bank NA
Jul 10, 2023
—
Adore Investments LLC
Dmk Investors LLC
Warranty Deed
—
Nov 9, 2021
—
Dmk Investors LLC
—
Deed
related
$250,000 · Comerica Bank
Mar 22, 2016
—
Dmk Investors LLC
Lindark Investment LLC
Warranty Deed
$680,000 · Bank Of America
—
—
Lindark Investments LLC
—
Deed Of Trust
related
$2,750,000 · Huntington National Bank
—
—
Lindark Investments LLC
—
Loan Modification
related
$210,000 · State Bank
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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