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Property profile & analytics
OFF-MARKET
Estimated value
$1,020,000
Manufacturing properties
910 Drayton St Ferndale, MI 48220-1410
Entity Owned
2-yr Hold
Free & Clear
Property ID
US43-0056636
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1966
Total area
15,975 SF
Lot
0.66 ac (28,750 SF)
Zoning code
II
APN
24-25-27-434-014
UPID
US43-0056636
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$1.02M
Owner & transaction history
Sjs III LLC · 2 yrs held
Sjs III LLC
since 2023
7 recorded transactions
Zoning & alternative use
II · Ferndale, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.5M
+127.2%
Restaurant
$1.5M
+127.1%
Neighborhood: shopping center
$1.2M
+88.6%
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 Ferndale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ferndale 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)
$640,000
Current use
COMMERCIAL (GENERAL)
$1,460,000
Change: +127% · Conversion: Difficult
RESTAURANT
$1,455,000
Change: +127% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,210,000
Change: +89% · Conversion: Difficult
MEDICAL BUILDING
$1,005,000
Change: +57% · Conversion: Difficult
OFFICE BUILDING
$985,000
Change: +53% · Conversion: Difficult
Blend value · Realmo final
$1.02M
Range $918k – $1.12M · ±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
$64 / 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
$12,677
Tax year 2023
Assessed value
$422,260
Assessed 2024
Previous assessed
$395,520
+6.8% YoY
Effective rate
3.00%
On assessed value
Total market value
$844,520
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
1966
Heating
GAS
Stories
1
Units
1
Total area
15,975 SF
Lot
0.66 ac (28,750 SF)
Zoning code
II
APN
24-25-27-434-014
UPID
US43-0056636
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
II · Ferndale, MI
Zoning II · permitted uses
II · Ferndale, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ferndale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$640,000
COMMERCIAL (GENERAL)
Est. value
$1.5M
RESTAURANT
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.0M
OFFICE BUILDING
Est. value
$985,000
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
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
1966
Heating
GAS
Stories
1
Units
1
Lot
0.66 ac
Current owner
From public records · entity-resolved
Sjs III LLC
Entity
Free & Clear · 2 yrs held
Mailing address
910 E DRAYTON ST, FERNDALE, MI 48220-1410
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Nov 14, 2023
—
Sjs III LLC
Ashley Real Estate Holdings LLC
Land Contract
—
Nov 7, 2019
—
Ashley R & E Hldgs LLC
—
Deed
related
$575,000 · Huntington Nat'l Bk
Oct 17, 2014
$475,000
Ashley Real Estate Holdings LLC
S & J Martin LLC
Warranty Deed
$360,000 · Firstmerit Bank NA
Nov 21, 2003
$521,400
S & J Martin LLC
Angelheart Enterprises
Grant Deed
$325,000 · National City Bank Michigan/il
Sep 10, 1998
$40,000
Burdette Street Investment Co
Christy,jacqueline
Quit Claim Deed
related
—
Sep 10, 1998
$100,000
Burdette Street Investment Co
Baughman,helen K
Quit Claim Deed
related
—
Sep 10, 1998
—
Angelheart Enterprises
Burdette Street Investment Co
Quit Claim Deed
related
—
Sep 10, 1998
$20,000
Burdette Street Investment Co
Christy,leigh
Quit Claim Deed
related
—
Jul 10, 1998
$65,488
Angel Heart Enterprises
Burdette Street Investment Co
Grant Deed
—
—
—
Ashley R & E Hldgs LLC
—
Loan Modification
related
$575,000 · Huntington Nat'l 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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