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Property profile & analytics
OFF-MARKET
Commercial land
Troy, MI 48084
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-2539862
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
1 ac (43,560 SF)
Zoning code
P-1
APN
88-20-29-226-020
UPID
US43-2539862
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
Current use
Occupant on record · Public records
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Encore Big Beaver LLC · 8 yrs held
Encore Big Beaver LLC
since 2018
7 recorded transactions
Zoning & alternative use
P-1 · Troy, 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 Troy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Troy 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2022Property tax & assessments
Tax year 2022
Tax billed
$8,959
Tax year 2022
Assessed value
$232,640
Assessed 2022
Previous assessed
$232,640
+0.0% YoY
Effective rate
3.85%
On assessed value
Total market value
$465,280
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
Lot
1 ac (43,560 SF)
Zoning code
P-1
APN
88-20-29-226-020
UPID
US43-2539862
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
P-1 · Troy, MI
Zoning P-1 · permitted uses
P-1 · Troy, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Troy. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
1 ac
Current owner
From public records · entity-resolved
Encore Big Beaver LLC
Entity
Mailing address
1985 W BIG BEAVER RD STE #300, TROY, MI 48084-3409
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2022
—
Encore Big Beaver LLC
—
Deed
related
$9,450,000 · Alliance Catholic Cu
May 12, 2021
—
Encore Big Beaver LLC
—
Deed
related
$9,117,500 · Mcreif Subreit LLC
Jun 18, 2018
$6,000
Encore Big Beaver LLC
Jlc Big Beaver LLC
Trustees Deed
$5,800,000 · Genisys Cu
Dec 28, 2015
—
Jlc Big Beaver LLC
Cooke,christine C
Quit Claim Deed
related
$4,450,000 · Genisys Cu
Dec 1, 2005
—
Jlc Big Beaver LLC
Cooke,jay L
Quit Claim Deed
related
—
Mar 2, 2004
—
Cooke,jay L
Henderson,kevin S & Heather
Trustees Deed
$2,400,000 · Sterling Bank & Trust Fsb
Jun 6, 2003
—
Kevin S Henderson
Henderson,eric U & Donrutai
Quit Claim Deed
related
—
Jun 6, 2000
—
Barclay Henderson
—
Deed Of Trust
related
$2,300,000 · Sterling Bank & Trust Fsb
—
—
Jlc Big Beaver LLC
—
Deed Of Trust
related
$1,600,000 · Comerica Bank
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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