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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Retail space
8475 Main St Whitmore Lake, MI 48189-9247
Entity Owned
5-yr Hold
Free & Clear
Property ID
US43-1499935
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2018
Total area
2,892 SF
Lot
0.53 ac (23,261 SF)
Zoning code
GC-GEN COMMERCI
APN
B -02-08-250-017
UPID
US43-1499935
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
-
Quest Cannabis - Recreational Marijuana Dispensary (Bike/Boat/Book/etc) Store
-
Quest Cannabis - Recreational Cannabis Dispensary Whitmore Lake (Bike/Boat/Book/etc) Store
-
Quest Spirits - Snacks, Craft Beer, Wine, Tobacco, Glass, Liquor Store (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Cash2Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$605k
Comparable Approach
Comparable
$437k
Blend (final)
Blend
$775k
Owner & transaction history
Pure Dev LLC · 5 yrs held
Pure Dev LLC
since 2020
Last sale
$851,000
6 recorded transactions
Zoning & alternative use
GC-GEN COMMERCI · Whitmore Lake, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$435,000
+31.0%
Commercial (general)
$415,000
+24.4%
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
$775,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$655,000
6.5%
$605,000
7%
$560,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$435,000
Change: +31% · Conversion: Easy
COMMERCIAL (GENERAL)
$415,000
Change: +24% · Conversion: Easy
Blend value · Realmo final
$775k
Range $698k – $853k · ±10% · vs last sale $851k (Dec 9 2020)
Last sale anchor
$851k
Dec 9 2020
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
$268 / 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
$14,280
Tax year 2023
Assessed value
$243,100
Assessed 2024
Previous assessed
$235,400
+3.3% YoY
Effective rate
5.87%
On assessed value
Total market value
$486,200
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2018
Heating
NONE
Buildings
2
Total area
2,892 SF
Lot
0.53 ac (23,261 SF)
Zoning code
GC-GEN COMMERCI
APN
B -02-08-250-017
UPID
US43-1499935
Jurisdiction
WASHTENAW
Zoning & alternative use
GC-GEN COMMERCI · Whitmore Lake, MIZoning GC-GEN COMMERCI · permitted uses
GC-GEN COMMERCI · Whitmore Lake, MI
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
OFFICE BUILDING
Est. value
$435,000
COMMERCIAL (GENERAL)
Est. value
$415,000
OFFICE BUILDING
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
2018
Heating
NONE
Buildings
2
Lot
0.53 ac
Current owner
From public records · entity-resolved
Pure Dev LLC
Entity
Free & Clear · 5 yrs held
Mailing address
8475 MAIN ST, WHITMORE LAKE, MI 48189-9247
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Dec 9, 2020
$851,000
Pure Dev LLC
Hatfields Holdings LLC
Warranty Deed
—
Dec 10, 2013
—
Whitmore Weed Patch LLC
Falkiewicz,marlene D
Warranty Deed
—
Sep 1, 2006
—
Whitmore Weed Patch LLC
Falkiewicz,marlene
Grant Deed
related
—
Jan 21, 2003
—
Marlene D Falkiewicz
Falkiewicz,marlene D
Quit Claim Deed
related
—
—
—
Marlene D Falkiewicz
—
Deed Of Trust
related
$78,000 · National City Bank Michigan/il
—
—
Marlene D Falkiewicz
—
Deed Of Trust
related
$81,142 · Bank One NA
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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