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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Manufacturing properties
70 Oakman Blvd Highland Park, MI 48203-3052
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-4950610
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1936
Total area
24,747 SF
Lot
1.48 ac (64,469 SF)
APN
43 010 99 0003 000
UPID
US43-4950610
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
$496k
Blend (final)
Blend
$775k
Owner & transaction history
Sanders Building LLC · 5 yrs held
Sanders Building LLC
since 2021
Last sale
$950,000
7 recorded transactions
Zoning & alternative use
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 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
Method
Estimation
Statistic approach
$955,000
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)
$995,000
Current use
Blend value · Realmo final
$775k
Range $698k – $853k · ±10% · vs last sale $950k (Jan 13 2021)
Last sale anchor
$950k
Jan 13 2021
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
$31 / 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
$782
Tax year 2023
Assessed value
$9,300
Assessed 2024
Previous assessed
$9,000
+3.3% YoY
Effective rate
8.41%
On assessed value
Total market value
$18,600
Applied tax rate
82,070.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1936
Heating
FORCED AIR
Stories
1
Total area
24,747 SF
Lot
1.48 ac (64,469 SF)
APN
43 010 99 0003 000
UPID
US43-4950610
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$995,000
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
1936
Heating
FORCED AIR
Stories
1
Lot
1.48 ac
Current owner
From public records · entity-resolved
Sanders Building LLC
Entity
Free & Clear · 5 yrs held
Mailing address
500 S OLD WOODWARD AVE, BIRMINGHAM, MI 48009-6655
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2021
$950,000
Sanders Building LLC
Bushwick Gardens LLC
Warranty Deed
—
Sep 27, 2019
—
Bushwick Gardens LLC
Steven Rubinstein
Quit Claim Deed
related
$350,000 · Tbg Funding LLC
Nov 16, 2015
$3,500
Steven Rubinstein
Treasurer Of Charter Cnty/wayne M
Quit Claim Deed
related
—
Sep 16, 2015
—
Treasurer Of Wayne County
Owner Name Unavailable
Tax Deed
related
—
Jul 15, 2014
—
L2 Investment Properties LLC
Daniels-karim Investments LLC
Quit Claim Deed
related
—
Jun 12, 2014
—
L2 Investment Properties LLC
Hat Trick LLC
Quit Claim Deed
related
—
Apr 1, 2014
$30,000
Hat Trick LLC
Daniels Realty Group LLC
Quit Claim Deed
related
—
Sep 21, 2011
—
Daniels-karim Investments LLC
Daniels Realty Group LLC
Quit Claim Deed
related
—
Nov 30, 2010
$3,000
Daniels Realty Group LLC
Treasurer Of Charter Cnty/wayne M
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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