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Property profile & analytics
OFF-MARKET
Estimated value
$115,000
Community centers
9519 Main St Whitmore Lake, MI 48189-9401
Entity Owned
3-yr Hold
Free & Clear
Property ID
US43-5132087
Property summary
AI-generated overview
This exceptional Whitmore Lake commercial property, located at 9519 Main St (APN B-02-05-254-015), offers two available suites ideal for retail or traditional office use. The building totals 2,818 square feet, with each suite ranging from 900 to a maximum contiguous 1,800 square feet. Currently, 1,800 square feet is vacant and ready for immediate occupancy. Situated in the WL downtown subdistrict, this property benefits from high visibility on Main Street, with convenient access to US-23. The building features recently renovated, white-box interiors, allowing for complete customization to suit your business needs. Essential amenities, including restrooms, HVAC systems, and water heaters, are already installed. Large storefront windows provide excellent display opportunities. The property is zoned for retail and office use within Washtenaw County, Michigan, and boasts a prime location overlooking Whitmore Lake. This is a fantastic opportunity for businesses seeking a modern, updated space in a thriving commercial area. The zip code is 48189. The cross street is E Shore Dr.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1993
Total area
1,804 SF
Lot
0.12 ac (5,314 SF)
Zoning code
WLD-D
APN
B -02-05-254-015
UPID
US43-5132087
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
$115k
Owner & transaction history
Restorewhitmore LLC · 3 yrs held
Restorewhitmore LLC
since 2022
Last sale
$122,750
3 recorded transactions
Zoning & alternative use
WLD-D · Whitmore 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 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
$115,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$115k
Range $104k – $127k · ±10% · vs last sale $123k (Oct 11 2022)
Last sale anchor
$123k
Oct 11 2022
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
$5,205
Tax year 2023
Assessed value
$90,600
Assessed 2024
Previous assessed
$87,500
+3.5% YoY
Effective rate
5.75%
On assessed value
Total market value
$181,200
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1993
Heating
FORCED AIR
Buildings
2
Total area
1,804 SF
Lot
0.12 ac (5,314 SF)
Zoning code
WLD-D
APN
B -02-05-254-015
UPID
US43-5132087
Jurisdiction
WASHTENAW
Zoning & alternative use
WLD-D · Whitmore Lake, MIZoning WLD-D · permitted uses
WLD-D · Whitmore Lake, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1993
Heating
FORCED AIR
Buildings
2
Lot
0.12 ac
Current owner
From public records · entity-resolved
Restorewhitmore LLC
Entity
Free & Clear · 3 yrs held
Mailing address
5758 E SILO RDG DR, ANN ARBOR, MI 48108-9574
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2022
—
Restorewhitmore LLC
Malze Haze LLC
Quit Claim Deed
related
—
Mar 13, 2020
$122,750
Maize Haze LLC
Terry K Lawrence
Warranty Deed
—
Feb 13, 2007
$4,035
Terry K Lawrence
Treasurer Of Washtenaw County
Grant Deed
—
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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