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Property profile & analytics
OFF-MARKET
Estimated value
$5,495,000
Office buildings
8000 Yankee Rd Ottawa Lake, MI 49267-9500
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-0545733
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1971
Total area
106,064 SF
Lot
332 ac (14,461,920 SF)
Zoning code
M2
APN
15-032-011-00
UPID
US43-0545733
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
-
Laser and Engraved Creations Production Facility
-
Georgetown Steel Factory Production Facility
-
MiMed Vault (Bike/Boat/Book/etc) Store Corporate Office
-
Proving Grounds Driving School, LLC Vocational School
-
Walter Ruhl State Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.50M
Blend (final)
Blend
$5.50M
Owner & transaction history
4 Point Support Services · 1 yrs held
4 Point Support Services
since 2025
7 recorded transactions
Zoning & alternative use
M2 · Ottawa Lake, 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 Ottawa Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ottawa 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
RESTAURANT
$8,465,000
Change: -13% · Conversion: Moderate
RETAIL STORES
$8,030,000
Change: -17% · Conversion: Moderate
COMMERCIAL (GENERAL)
$8,000,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$5.50M
Range $4.95M – $6.04M · ±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
$52 / 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
$91,396
Tax year 2023
Assessed value
$2,596,700
Assessed 2023
Previous assessed
$2,596,700
+0.0% YoY
Effective rate
3.52%
On assessed value
Total market value
$5,193,400
Applied tax rate
15.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1971
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
106,064 SF
Lot
332 ac (14,461,920 SF)
Zoning code
M2
APN
15-032-011-00
UPID
US43-0545733
Jurisdiction
MONROE
Zoning & alternative use
M2 · Ottawa Lake, MI
Zoning M2 · permitted uses
M2 · Ottawa Lake, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ottawa Lake. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$8.5M
RETAIL STORES
Est. value
$8.0M
COMMERCIAL (GENERAL)
Est. value
$8.0M
RESTAURANT
RETAIL STORES
COMMERCIAL (GENERAL)
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
1971
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
332 ac
Current owner
From public records · entity-resolved
4 Point Support Services
Individual
Mailing address
8000 YANKEE RD, OTTAWA LAKE, MI 49267-9500
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2025
—
4 Point Support Services
Mitop LLC
Deed
—
Mar 25, 2025
—
Mitrp LLC
4 Point Superies Services
Deed
—
May 29, 2024
—
Mitrp LLC
Advanced Parking Technologies LLC
Lease
—
May 9, 2019
—
Mitrp LLC
—
Deed
related
$1,278,000 · Hillsdale County National Bank
Jun 11, 2018
—
Mitrp LLC
—
Deed
related
$1,304,329 · Hillsdale County National Bank
Apr 27, 2018
—
Mitrp LLC
—
Grant Deed
related
$6,000,000 · Toyota Research Institute INC
Nov 2, 2010
$1,950,000
Mitrp LLC
Dana Ltd
Grant Deed
$1,800,000 · Dana Limited
Feb 26, 2008
—
Dana Ltd
Dana Corp
Quit Claim Deed
related
—
—
—
Mitrp LLC
—
Loan Modification
related
$200,000 · United Bank & Trust Co
—
—
Mitrp LLC
—
Deed Of Trust
related
$1,750,000 · United Bank & Trust Co
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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