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Property profile & analytics
OFF-MARKET
Office buildings
6557 Highland Rd 105, Waterford, MI 48327-1655
Trust Owned
4-yr Hold
Free & Clear
Property ID
US43-2663917
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Total area
16,037 SF
Lot
0.74 ac (32,234 SF)
Zoning code
BI
APN
W -13-20-129-010
UPID
US43-2663917
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
Revocable Living Trust Of Patrick J · 4 yrs held
Revocable Living Trust Of Patrick J
since 2021
Last sale
$250,000
7 recorded transactions
Zoning & alternative use
BI · Waterford, 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 Waterford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waterford 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 2023Property tax & assessments
Tax year 2023
Tax billed
$32,285
Tax year 2023
Assessed value
$657,590
Assessed 2024
Previous assessed
$623,580
+5.5% YoY
Effective rate
4.91%
On assessed value
Total market value
$1,315,180
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
1988
Heating
YES
Stories
2
Units
1
Total area
16,037 SF
Lot
0.74 ac (32,234 SF)
Zoning code
BI
APN
W -13-20-129-010
UPID
US43-2663917
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Waterford, MI
Zoning BI · permitted uses
BI · Waterford, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Waterford. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Heating
YES
Stories
2
Units
1
Lot
0.74 ac
Current owner
From public records · entity-resolved
Revocable Living Trust Of Patrick J
Trust
Free & Clear · 4 yrs held
Mailing address
6557 HIGHLAND RD #107, WATERFORD, MI 48327-1655
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2021
—
Revocable Living Trust Of Patrick J
Blh LLC
Intrafamily Transfer
related
—
Nov 4, 2010
$250,000
Blh LLC
First Place Bk
Grant Deed
—
Feb 12, 2008
$563,878
Franklin Bank
Sheriff Of Oakland County
Trustees Deed
related
—
Jul 19, 2004
—
Adnan K Cheaitli
Highland Road Associates LLC
Warranty Deed
related
—
Sep 28, 1999
$670,000
Highland Road Associates LLC
6557 Highland Road Co
Grant Deed
related
$469,000 · Franklin Bank
—
—
Adnan Cheaitli
—
Deed Of Trust
related
$762,347 · Franklin Bank
—
—
Adnan Cheaitli
—
Deed Of Trust
related
$787,500 · Franklin Bank
—
—
Sharon Makled-cheaitli
—
Deed Of Trust
related
$30,000 · Franklin 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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