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Property profile & analytics
OFF-MARKET
Estimated value
$3,655,000
Manufacturing properties
8707 Samuel Barton Dr, Van Buren Township, MI 48111-1600
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0097855
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1983
Total area
73,716 SF
Lot
5 ac (217,800 SF)
Zoning code
M1 LIG
APN
83 047 99 0003 003
UPID
US43-0097855
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
-
SMW Manufacturing Inc Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.66M
Blend (final)
Blend
$3.66M
Owner & transaction history
Lande 8707 Samuel Barton Drive LLC · 2 yrs held
Lande 8707 Samuel Barton Drive LLC
since 2024
7 recorded transactions
Zoning & alternative use
M1 LIG · Van Buren Township, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.9M
+57.9%
Retail stores
$5.6M
+51.1%
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 Van Buren Township submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Van Buren Township 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)
$3,715,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,865,000
Change: +58% · Conversion: Difficult
RETAIL STORES
$5,615,000
Change: +51% · Conversion: Moderate
Blend value · Realmo final
$3.66M
Range $3.29M – $4.02M · ±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
$50 / 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
$60,050
Tax year 2023
Assessed value
$1,195,200
Assessed 2024
Previous assessed
$1,085,700
+10.1% YoY
Effective rate
5.02%
On assessed value
Total market value
$2,390,400
Applied tax rate
82,430.0000
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
1983
Heating
FORCED AIR
Stories
1
Total area
73,716 SF
Lot
5 ac (217,800 SF)
Zoning code
M1 LIG
APN
83 047 99 0003 003
UPID
US43-0097855
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
M1 LIG · Van Buren Township, MI
Zoning M1 LIG · permitted uses
M1 LIG · Van Buren Township, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Van Buren Township. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.9M
RETAIL STORES
Est. value
$5.6M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1983
Heating
FORCED AIR
Stories
1
Lot
5 ac
Current owner
From public records · entity-resolved
Lande 8707 Samuel Barton Drive LLC
Entity
Mailing address
178 COLUMBUS AVE UNIT #230248, NEW YORK, NY 10023-9608
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2024
—
Lande 8707 Samuel Barton Drive LLC
Mtp Amsted 3 Pack LLC
Warranty Deed
$2,600,000 · Community Choice Cu
Apr 6, 2022
—
Mtp Amsted 3 Pack LLC
Burgess Norton Mfg Co INC
Deed
$250,000,000 · Capital One NA
Nov 12, 2021
—
Burgess Norton Mfg Co INC
Ifg Properties LLC
Deed
—
Dec 2, 2020
—
Ifg Properties LLC
—
Deed
related
$3,000,000 · Comerica Bk
Mar 25, 2020
—
Ifg Properties LLC
—
Deed
related
$3,000,000 · Comerica Bk
Oct 16, 2019
—
Ifg Properties LLC
—
Deed
related
$2,300,000 · Comerica Bk
Mar 11, 2019
—
Ifg Properties LLC
—
Deed
related
$3,751,593 · Comerica Bk
Oct 12, 2018
—
Ifg Properties LLC
—
Deed
related
$3,800 · Comerica Bk
Mar 28, 2018
—
Ifg Properties LLC
—
Loan Modification
related
$15,000,000 · Comerica Bk
Dec 1, 2016
—
Ifg Properties LLC
—
Deed
related
—
Apr 25, 2011
—
Ifg Properties LLC
Aerl Lc
Grant Deed
$1,215,000 · American Equity Inv Life Ins
Nov 30, 2009
—
Aerl Lc
Nl Ventures V Carlisle
Warranty Deed
—
Aug 31, 2005
$3,000,000
Cep Acquisition LLC
Carlisle Engineered Products I
Warranty Deed
—
—
—
Ifg Properties LLC
—
Loan Modification
related
$2,300,000 · Comerica Bk
—
—
Ifg Properties LLC
—
Loan Modification
related
$3,000,000 · Comerica Bk
—
—
Ifg Properties LLC
—
Loan Modification
related
$3,000,000 · Comerica Bk
—
—
Ifg Properties LLC
—
Loan Modification
related
$3,800 · Comerica Bk
—
—
Ifg Properties LLC
—
Loan Modification
related
$3,751,593 · Comerica Bk
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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