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Property profile & analytics
OFF-MARKET
Estimated value
$92,915,000
Outlet malls
6500 14th Mile Rd, Warren, MI 48092-1281
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US43-4035111
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Total area
881,368 SF
Lot
63.2 ac (2,752,818 SF)
Zoning code
M-2
APN
12-13-04-126-021
UPID
US43-4035111
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
-
Avasi Services Inc. Trucking Company
-
Fisher Dynamics Warehouse & Storage
-
Samsung Warehouse (B3) Warehouse & Storage
-
Lipari Foods warehouse #4 Storage Facility
-
Ashley Distribution Center Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$92.91M
Blend (final)
Blend
$92.92M
Owner & transaction history
Local Union No 1700 Uaw Building Co · 2 yrs held
Local Union No 1700 Uaw Building Co
since 2024
3 recorded transactions
Zoning & alternative use
M-2 · Warren, 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 Warren submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Warren 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
RETAIL STORES
$91,425,000
Current use
OFFICE BUILDING
$83,570,000
Change: -9% · Conversion: Easy
RESTAURANT
$76,140,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$92.92M
Range $83.62M – $102.21M · ±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
$105 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$1,618,160
Tax year 2022
Assessed value
$27,382,280
Assessed 2023
Previous assessed
$27,382,280
+0.0% YoY
Effective rate
5.91%
On assessed value
Total market value
$54,764,560
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Heating
FORCED AIR
Stories
1
Total area
881,368 SF
Lot
63.2 ac (2,752,818 SF)
Zoning code
M-2
APN
12-13-04-126-021
UPID
US43-4035111
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
M-2 · Warren, MI
Zoning M-2 · permitted uses
M-2 · Warren, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Warren. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$91.4M
OFFICE BUILDING
Est. value
$83.6M
RESTAURANT
Est. value
$76.1M
RETAIL STORES Current
OFFICE BUILDING
RESTAURANT
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
Heating
FORCED AIR
Stories
1
Lot
63.2 ac
Current owner
From public records · entity-resolved
Local Union No 1700 Uaw Building Co
Entity
Mailing address
30500 VAN DYKE AVE STE #701, WARREN, MI 48093-2114
Ownership since
2024
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 8, 2024
—
Local Union No 1700 Uaw Building Co
14 Mack LP
Warranty Deed
—
Oct 28, 2021
$52,500,000
14 Mack LP
Lcn Avf Warren M I LLC
Deed
$31,000,000 · Lcn North American Fund II Reit
Apr 3, 2017
—
Lcn Avf Warren Mi LLC
Art Van Furniture LLC
Grant Deed
$68,750,000 · Ubs Ag
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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