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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Commercial land
9361 Cooley Lk Rd White Lake, MI 48386-3935
Individually Owned
Absentee Owner
Free & Clear
Property ID
US43-1837519
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Total area
8,539 SF
Lot
35.66 ac (1,553,350 SF)
Zoning code
GB
APN
Y -12-35-455-001
UPID
US43-1837519
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
$1.02M
Blend (final)
Blend
$800k
Owner & transaction history
Joseph Schulist
Joseph Schulist
since 2025
7 recorded transactions
Zoning & alternative use
GB · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$800k
Range $720k – $880k · ±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
$94 / 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
$5,726
Tax year 2023
Assessed value
$164,670
Assessed 2024
Previous assessed
$159,680
+3.1% YoY
Effective rate
3.48%
On assessed value
Total market value
$329,340
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Stories
1
Total area
8,539 SF
Lot
35.66 ac (1,553,350 SF)
Zoning code
GB
APN
Y -12-35-455-001
UPID
US43-1837519
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
GB · White Lake, MI
Zoning GB · permitted uses
GB · 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.
Building & site characteristics
From public records
Heating
NONE
Stories
1
Lot
35.66 ac
Current owner
From public records · entity-resolved
Joseph Schulist
Individual
Free & Clear · 0 yrs held
Mailing address
32969 HAMILTON CT STE G110, FARMINGTON HILLS, MI 48334-3383
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2025
—
Joseph Schulist
Equity Trust Company
Quitclaim Deed
related
—
Nov 21, 2013
—
Joseph Schulist
Spina,ann
Warranty Deed
—
Apr 9, 2013
$200,000
Heppard Investments LLC
Deputy Sheriff Of Oakland County
Trustees Deed
related
—
Jun 21, 2004
$38,500
Oakland County Board Of Road
Spina,ann
Quit Claim Deed
related
—
—
—
Anna Spina
—
Deed Of Trust
related
$150,000 · Fidelity Bank NA
—
—
Gabriel Spina
—
Deed Of Trust
related
$500,000 · Investment Properties Of South
—
—
Ann M Spina
—
Deed Of Trust
related
$37,500 · Brian Kramer
—
—
Ann M Spina
—
Deed Of Trust
related
$200,000 · Mutual Mortgage
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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