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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Industrial properties
840 Victory Dr Howell, MI 48843-6633
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US43-1549731
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Total area
10,400 SF
Lot
3.28 ac (143,051 SF)
Zoning code
IND
APN
11-05-303-008
UPID
US43-1549731
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
-
Patrick Carbide Die Building Supply Metal Fabrication Plant
-
Two Men and a Truck Moving Moving Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$970k
Comparable Approach
Comparable
$691k
Blend (final)
Blend
$795k
Owner & transaction history
Livingston Property Holdings LLC · 5 yrs held
Livingston Property Holdings LLC
since 2021
Last sale
$795,000
6 recorded transactions
Zoning & alternative use
IND · Howell, 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 Howell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Howell 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
$830,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,050,000
6.5%
$970,000
7%
$900,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$630,000
Current use
Blend value · Realmo final
$795k
Range $716k – $875k · ±10% · vs last sale $795k (Mar 11 2021)
Last sale anchor
$795k
Mar 11 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
$76 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$9,641
Tax year 2019
Assessed value
$425,700
Assessed 2023
Previous assessed
$359,700
+18.3% YoY
Effective rate
2.26%
On assessed value
Total market value
$851,400
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Heating
FORCED AIR
Buildings
1
Bathrooms
1
Total area
10,400 SF
Lot
3.28 ac (143,051 SF)
Zoning code
IND
APN
11-05-303-008
UPID
US43-1549731
Jurisdiction
LIVINGSTON
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
IND · Howell, MI
Zoning IND · permitted uses
IND · Howell, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Howell. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$630,000
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
Heating
FORCED AIR
Buildings
1
Bathrooms
1
Lot
3.28 ac
Current owner
From public records · entity-resolved
Livingston Property Holdings LLC
Entity
Mailing address
125 DINO DR, ANN ARBOR, MI 48103-9502
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2021
—
Livingston Property Holdings LLC
—
Deed
related
$322,000 · Michigan Certified Development Corporati
Mar 12, 2021
—
Livingston Property Holdings LLC
—
Deed
related
$320,000 · Lake Trust Cu
Mar 11, 2021
$795,000
Livingston Property Holdings LLC
Gna Enterprises LLC
Warranty Deed
$400,000 · Lake Trust Cu
Jan 20, 2015
—
Gna Ents LLC
Mcgill-hall Sharon D Trust
Grant Deed
related
$386,500 · Bank Of America
Jun 16, 2005
—
Mcgill-hall Sharon D Trust
Rp Ents LLC
Grant Deed
—
—
—
Mcgill-hall,tr
—
Deed Of Trust
related
$151,706 · 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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