Entity Owned 
For Lease
1 / 2
$10 SF/Yr
999 Republic Dr, Allen Park, MI 48101
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Property summary
AI-generated overview
This exceptional Allen Park, Michigan industrial flex space, located at 999 Republic Dr, 48101, offers 58,730 total square feet, including 23,799 square feet of rentable office space. The property boasts a 17'6" ceiling height, perfect for various industrial and office uses. The building features four 14'x12' loading docks and one 10'x10' grade-level door, ensuring efficient loading and unloading. Ample parking is available with a ratio of 3.69 spaces per 1,000 square feet, totaling 197 spaces. The property is fully air-conditioned and zoned for research and development (R&D). High-bay and office spaces are available, making it ideal for a variety of businesses. The property is available for sale, and lease options are available at a rate of $5.00 per square foot, NNN. Build-to-suit options are also available for potential tenants. This prime location in Wayne County offers easy access to major transportation routes and is situated within a high-image building and park. This is a rare opportunity to acquire a versatile and well-equipped industrial flex space in a desirable location.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1994
Total area
57,600 SF
Lot
6 ac (261,360 SF)
Zoning code
RD RESEARCH
APN
30 001 02 0016 310
UPID
US43-5217806
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Corporate Office
-
Data Entry Service Office
-
University
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.09M
Blend (final)
Blend
$675k
Owner & transaction history
since 2023
2 recorded transactions
Zoning & alternative use
RD RESEARCH · Allen Park, MI
Top alternative use upside
Retail stores
$4.9M
+68.6%
Neighborhood: shopping center
$4.6M
+57.9%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$675k
Value range
$608k – $743k
±10% around blend
Estimated value / SF
$12 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
Income certainty
100
$608k
blend $675k
$743k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
57,600 SF
Lot area
6 ac
Year built
1994
Stories
1
APN
30 001 02 0016 310
Zoning
RD RESEARCH
Assessed value
$1,008,700
Annual tax
$68,325
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$68,325
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$3.09M
Range $1.49M – $4.47M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$675k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 380 sales
$50
-77%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $12/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+69%
vs current-use indication
Neighborhood: Shopping Center
Industrial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$4.34M
Move the market yield to see immediate price impact.
Value / SF
$75
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$274k
$5.47M
$3.91M
$3.04M
$304k
$6.08M
$4.34M
$3.38M
$334k
$6.69M
$4.78M
$3.72M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$68,325
Tax year 2023
Assessed value
$1,008,700
Assessed 2024
Previous assessed
$1,248,100
-19.2% YoY
Effective rate
6.77%
On assessed value
Total market value
$2,017,400
Applied tax rate
82,045.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1994
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
57,600 SF
Lot
6 ac (261,360 SF)
Zoning code
RD RESEARCH
APN
30 001 02 0016 310
UPID
US43-5217806
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
RD RESEARCH · Allen Park, MIZoning RD RESEARCH · permitted uses
RD RESEARCH · Allen Park, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1994
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
6 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
RD RESEARCH
Jurisdiction
Allen Park, MI
Recorded code
RD RESEARCH
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for RD RESEARCH in Allen Park, MI.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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