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Property profile & analytics
OFF-MARKET
Auto shops
621 State Fair Highland Park, MI 48203-1112
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-5154891
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1970
Total area
6,640 SF
Lot
0.26 ac (11,326 SF)
Zoning code
B4
APN
09008057-60
UPID
US43-5154891
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
State Fair Property LLC · 4 yrs held
State Fair Property LLC
since 2022
7 recorded transactions
Zoning & alternative use
B4 · Highland Park, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Maps - City of Highland Park
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 Highland Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Highland Park 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 2020Property tax & assessments
Tax year 2020
Tax billed
$6,158
Tax year 2020
Assessed value
$122,200
Assessed 2024
Previous assessed
$111,300
+9.8% YoY
Effective rate
5.04%
On assessed value
Total market value
$244,400
Applied tax rate
82,010.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1970
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
6,640 SF
Lot
0.26 ac (11,326 SF)
Zoning code
B4
APN
09008057-60
UPID
US43-5154891
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
B4 · Highland Park, MIZoning B4 · permitted uses
B4 · Highland Park, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Maps - City of Highland Park
Building & site characteristics
From public records
Year built
1970
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
State Fair Property LLC
Entity
Free & Clear · 4 yrs held
Mailing address
47211 MALBURG WAY DR, MACOMB, MI 48044-3048
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2022
—
State Fair Property LLC
Wayne County Land Bank Corporation
Intrafamily Transfer
related
—
Mar 9, 2022
—
Wayne County Land Bank Corporation
State Fair Property LLC
Quit Claim Deed
related
—
Jul 11, 2019
—
State Fair Property LLC
Yaldo,raphy R & Ramy R
Quit Claim Deed
related
—
Nov 30, 2016
$500
Raphy R Yaldo
Treasurer Of Charter Cnty/wayne M
Quit Claim Deed
related
—
Sep 7, 2016
—
Treasurer Of Wayne County
Owner Name Unavailable
Tax Deed
related
—
Jun 10, 2014
$184,005
Select Commercial Assets LLC
Deputy Sheriff Of Wayne County|waad,maher
Trustees Deed
related
—
Sep 23, 2011
—
Marks Five Investments 5 LLC
Waad,maher
Quit Claim Deed
related
—
Jul 10, 2008
$120,000
Bashi,james
Rose Land & Finance Corp
Warranty Deed
—
Apr 7, 2008
—
Bashi,james
Goldfarb Bonding Agency LLC
Quit Claim Deed
related
—
Feb 28, 2008
—
Rose Acceptance INC
First National Acceptance
Quit Claim Deed
related
—
Sep 7, 2007
—
Rose Acceptance INC
First National Acceptance
Quit Claim Deed
related
—
Jul 5, 2005
—
Bashi,james
Heremetian Financial LLC
Quit Claim Deed
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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