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Property profile & analytics
OFF-MARKET
Estimated value
$2,470,000
Manufacturing properties
777 8th Mile Rd, Whitmore Lake, MI 48189-9190
Entity Owned
7-yr Hold
Free & Clear
Property ID
US43-1063806
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1952
Total area
28,420 SF
Lot
19.67 ac (856,825 SF)
Zoning code
GI-GEN INDUSTRI
APN
B -02-06-200-022
UPID
US43-1063806
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
-
Stellar Materials LLC Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.47M
Blend (final)
Blend
$2.47M
Owner & transaction history
Thermbond R & E Hldgs INC · 7 yrs held
Thermbond R & E Hldgs INC
since 2019
4 recorded transactions
Zoning & alternative use
GI-GEN INDUSTRI · Whitmore Lake, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.1M
+119.7%
Retail stores
$3.3M
+76.5%
Warehouse, storage
$2.4M
+30.6%
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 Whitmore Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Whitmore Lake 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)
$1,850,000
Current use
COMMERCIAL (GENERAL)
$4,065,000
Change: +120% · Conversion: Difficult
RETAIL STORES
$3,270,000
Change: +77% · Conversion: Moderate
WAREHOUSE, STORAGE
$2,420,000
Change: +31% · Conversion: Easy
Blend value · Realmo final
$2.47M
Range $2.22M – $2.72M · ±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
$87 / 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
$64,008
Tax year 2023
Assessed value
$1,083,200
Assessed 2024
Previous assessed
$1,044,600
+3.7% YoY
Effective rate
5.91%
On assessed value
Total market value
$2,166,400
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
1952
Heating
FORCED AIR
Buildings
6
Total area
28,420 SF
Lot
19.67 ac (856,825 SF)
Zoning code
GI-GEN INDUSTRI
APN
B -02-06-200-022
UPID
US43-1063806
Jurisdiction
WASHTENAW
Zoning & alternative use
GI-GEN INDUSTRI · Whitmore Lake, MI
Zoning GI-GEN INDUSTRI · permitted uses
GI-GEN INDUSTRI · Whitmore Lake, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Whitmore Lake. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$4.1M
RETAIL STORES
Est. value
$3.3M
WAREHOUSE, STORAGE
Est. value
$2.4M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
1952
Heating
FORCED AIR
Buildings
6
Lot
19.67 ac
Current owner
From public records · entity-resolved
Thermbond R & E Hldgs INC
Entity
Free & Clear · 7 yrs held
Mailing address
600 RIVERWALK PKWY STE #120, TONAWANDA, NY 14150-5829
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 19, 2019
—
Thermbond R & E Hldgs INC
777 Investments LLC
Warranty Deed
—
Jun 15, 2005
—
Tower Lease Acquisition L Cell
—
Deed Of Trust
related
$200,000,000 · Cell Tower Lease Funding LLC
Jan 23, 2003
—
777 Investments LLC
O & S America LLC
Grant Deed
related
—
Oct 29, 2002
—
777 Investments LLC
—
Deed Of Trust
related
$1,611,000 · Comerica 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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