New search
Property profile & analytics
OFF-MARKET
Estimated value
$970,000
Individual retail properties
9136 Highland Rd, White Lake, MI 48386-2032
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0278354
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
2001
Total area
6,900 SF
Lot
1.13 ac (49,223 SF)
Zoning code
BI
APN
Y -12-14-476-012
UPID
US43-0278354
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
by Request
Blend (final)
Blend
$970k
Owner & transaction history
White Lake Re Holdings LLC · 3 yrs held
White Lake Re Holdings LLC
since 2023
Last sale
$971,250
7 recorded transactions
Zoning & alternative use
BI · White 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 White Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs White 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
$1,115,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,015,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$945,000
Change: 0% · Conversion: Difficult
RESTAURANT
$940,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$690,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$645,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$970k
Range $873k – $1.07M · ±10% · vs last sale $971k (Mar 8 2023)
Last sale anchor
$971k
Mar 8 2023
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
$141 / 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
$14,470
Tax year 2023
Assessed value
$451,150
Assessed 2024
Previous assessed
$435,460
+3.6% YoY
Effective rate
3.21%
On assessed value
Total market value
$902,300
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
2001
Heating
YES
Buildings
2
Stories
1
Units
1
Total area
6,900 SF
Lot
1.13 ac (49,223 SF)
Zoning code
BI
APN
Y -12-14-476-012
UPID
US43-0278354
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · White Lake, MI
Zoning BI · permitted uses
BI · White Lake, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
White Lake. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.0M
RETAIL STORES
Est. value
$945,000
RESTAURANT
Est. value
$940,000
MEDICAL BUILDING
Est. value
$690,000
AUTO REPAIR, GARAGE
Est. value
$645,000
COMMERCIAL (GENERAL)
RETAIL STORES
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2001
Heating
YES
Stories
1
Buildings
2
Units
1
Lot
1.13 ac
Current owner
From public records · entity-resolved
White Lake Re Holdings LLC
Entity
Mailing address
30201 ORCH LK RD STE #110, FARMINGTON HILLS, MI 48334-5603
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2024
—
White Lake Re Holdings LLC
—
Deed
related
$607,100 · The Farmers & Merchants State Bank
Mar 8, 2023
$971,250
White Lake Re Holdings LLC
9136 Highland LLC
Warranty Deed
$712,500 · The Farmers & Merchants State Bank
Jan 22, 2021
—
9136 Highland LLC
—
Deed
related
$725,000 · White Lake Cap LLC
May 31, 2019
$790,000
9136 Highland LLC
Solid Property LLC
Warranty Deed
$711,000 · Bet-ter Hldgs LLC
Jun 23, 2011
—
Solid Property LLC
Wells Fargo 2002-ckn2
Grant Deed
—
Mar 1, 2011
—
Fargo Series 2002-ckn2 Wells
3160 White Lake LLC
Warranty Deed
—
Aug 18, 2005
—
Scott Vanwambeke
Vanwambeke,kari M
Quit Claim Deed
related
—
Feb 25, 2003
$1,940,000
3160 White Lake LLC
Insite White Lake LLC
Grant Deed
—
Jul 3, 2001
—
Insite White Lake LLC
Ramco Gershenson Properties LP
Grant Deed
related
—
—
—
Insite White Lake LLC
—
Deed Of Trust
related
$1,312,000 · Column Financial INC
—
—
9136 Highland LLC
—
Deed Of Trust
related
$725,000 · White Lake Cap LLC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 9136 Highland Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
