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Property profile & analytics
OFF-MARKET
Estimated value
$280,000
Individual retail properties
970 Long Lk Rd Bloomfield Hills, MI 48302-2012
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-1786970
Property profile
Verified
Property type
Individual retail properties
Use group
DRY CLEANER
Year built
1964
Total area
1,925 SF
Lot
0.46 ac (20,038 SF)
Zoning code
BI
APN
C -19-16-177-014
UPID
US43-1786970
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
$280k
Owner & transaction history
Brm Mi Mgmt LLC · 1 yrs held
Brm Mi Mgmt LLC
since 2025
6 recorded transactions
Zoning & alternative use
BI · Bloomfield Hills, MI
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 Bloomfield Hills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bloomfield Hills 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
$280k
Range $252k – $308k · ±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
$145 / 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
$12,420
Tax year 2023
Assessed value
$339,010
Assessed 2024
Previous assessed
$331,210
+2.4% YoY
Effective rate
3.66%
On assessed value
Total market value
$678,020
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
DRY CLEANER
Status
Off-Market
Year built
1964
Heating
YES
Stories
1
Units
1
Total area
1,925 SF
Lot
0.46 ac (20,038 SF)
Zoning code
BI
APN
C -19-16-177-014
UPID
US43-1786970
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Bloomfield Hills, MIZoning BI · permitted uses
BI · Bloomfield Hills, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1964
Heating
YES
Stories
1
Units
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Brm Mi Mgmt LLC
Entity
Mailing address
970 W LONG LK RD, BLOOMFIELD HILLS, MI 48302-2012
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2025
—
Brm Mi Mgmt LLC
Gerald And Teresa Laginess LLC
Warranty Deed
$600,000 · Gerald And Teresa Laginess LLC
Apr 18, 2018
—
Gerald & Teresa Laginess LLC
—
Deed
related
$315,960 · Bank Of Ann Arbor
Apr 24, 2008
—
Gerald & Teresa Laginess LLC
Long Lake-telegraph Road LLC
Warranty Deed
$480,000 · Bank Of Birmingham
Mar 26, 2008
—
Long-lake Telegraph Road LLC
Mossman Ben Living Trust
Quit Claim Deed
related
—
Mar 25, 2008
—
Long Lake-telegraph Road LLC
Frankel,samuel & Jean
Quit Claim Deed
related
—
—
—
Gerald & Teresa Laginess LLC
—
Loan Modification
related
$315,960 · Bank Of Ann Arbor
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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