Valuation Disclosure 2025.pdf

D & M Plumbing Specialists Inc, Petitioner Vs. Township Of Waterford, Respondent · 25-002183-TT

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MICHIGAN TAX TRIBUNAL 

 

 

DOCKET # 25-002183 

 

 

 

 

 

 

 

 

D & M Plumbing Specialists 

6695 Highland Road 

Waterford, Michigan 48327 

 

 

 

 

Parcel No. 13-20-126-002 

 

 

 

 

 

 

 

 

 

 

 

For Year 

 

2025

September 3, 2026 

Michigan Tax Tribunal 

P. O. Box 30232 

Lansing, Michigan 48909 

Gentlemen/Ladies: 

Pursuant to Michigan Tax Tribunal Docket #25-002183 herewith is our valuation 

of the True Cash Value 

of 

real 

property 

located 

at 6695 

Highland 

Road, 

Waterford, Michigan 48327, Tax I.D. # 13-20-126-002. 

In 

our opinion 

the True Cash Value 

of the 

property 

is $1,200,000, 

as 

of 

December 31, 2024. 

One Million Two Hundred thousand dollars 

\ 

Respectfully 

ubmitted,

XI. 

TABLE OF CONTENTS 

Statement of the Problem 

Summary of Salient Facts and Conclusions 

Map of Subject 

Township Data 

Neighborhood Map 

Neighborhood Analysis 

Site Data 

Subject Data 

Income Approach 

Sales Comparison Approach 

Conclusion 

Appendix

1

PROPERTY RIGHTS APPRAISED: 

This valuation disclosure is made with the 

understanding that the present ownership of subject property includes all of the 

STATEMENT OF THE PROBLEM 

rights that may be lawfully owned and is therefore titled "fee simple". 

PURPOSE OF THE VALUATION: 

This valuation 

is made for the purpose of 

estimating the true cash value of the subject property 

in 

its current condition. 

True cash value 

is defined as "the usual selling price at the place where the 

property to which the term 

is applied shall be at the time of assessment, being 

the price which could be obtained therefore at a private sale"!. 

held to be synonymous with true cash value. 

Market value is defined as 

"The most probable price, as of a specific date, 

in cash or in terms 

equivalent to cash, or in other precisely revealed terms, for which 

the specified property rights should sell after reasonable exposure 

in 

a competitive market under all conditions requisite to fair sale, 

with the buyer and seller each acting prudently, knowledgeably, 

and for self-interest, and assuming that neither 

is under undue 

duress. 

Fundamental assumptions and conditions presumed in this definition are 

1. 

2. 

3. 

4. 

Buyer and seller are motivated by self-interest. 

Buyer and seller are well informed and are acting prudently. 

The property is exposed for a reasonable time on the open 

market. 

Payment 

is made 

in cash, 

its equivalent, 

or 

in specified 

financing terms. 

Specified financing, 

if any, may be the financing actually in 

place or on terms generally available for the property type in 

its locale on the effective appraisal date. 

The effect, 

if any, on the amount of market value of atypical 

financing, 

services, 

or fees 

shall 

be clearly and 

precisely 

Market value is

SUMMARY OF SALIENT FACTS AND CONCLUSIONS 

Subject Property: 

Owner: 

Tax 1.0. No.: 

Legal Description: 

2025 Assessed Value: 

2025 Capped Value: 

2025 Taxable Value: 

School Districts: 

Taxes Paid: 

Site Size: 

Zoning: 

Improvements: 

Size: 

Year Built: 

Class Quality: 

Highest & Best Use: 

Estimate of Value: 

6695 Highland Road 

Waterford, Michigan 48327 

Zuehlke, Crake and Liles, a registered Co-Partnership 

13-20-126-002 

T3N, R9E, SEC 20 E 130 FT OF W 210 FT OF N 1056 FT 

OF NE 1/4 OF NW 1/4, EXC N 60 FT IN M-59 HWY 2.97 

AW405B 

$587,950 

$509,130 

$509,130 

Local: 

Waterford 

Intermediate: 

Oakland 

Community College: Oakland 

$27,775.38 paid for 2025 Taxes 

2.97 acres 

C-4 Extensive Business 

Commercial Improved 

9,482 square feet of Office 

5,838 square feet of mini storage 

Office Building 1980 

Mini Storage 2004 

C for Office Building 

D for Mini Storage Building 

Mixed Use 

Sales Comparison Approach: $ 

Income Approach:$ 

1,200,000

1,200,000

2

159.25

202.16

130.00

80.00

149.00

149.00

250.00

290.00

250.00

250.00

250.00

80.00

135.00

135.00

159.25

610.00

362.50

1263.74

1263.55

80 00

157.43

157.41

126.46

136.46

27.

154.77

157.21

27.31

88.19

54.18

56.75

38.44

55.14

65.78

96.67

159.40

35.68

12

29.33

9.11

376.00

66.22

52.42

27

R=986.50

370.55

R=1013.50

35.00

290 00

806.00

806.00

1

2

3

4

5

13-20-101-023

13-20-126-006

13-20-126-002

13-20-101-022

13-20-130-037

13-20-101-091

13-20-126-003

13-20-101-021

13-20-130-002

13-20-130-001

13-20-130-003

13-20-130-004

S

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Map of Subject

Oakland County 2100 Pontiac Lake Road Bldg. 41 West Waterford, MI 48328 Phone: 248-858-0721 Web: www.oakgov.com

Date Created: 9/3/2026

N

David Coulter

Oakland County Executive

2 Foot Contours

5 Foot Contours

FEMA Base Flood Elevations

FEMA Cross Sections

100 yr - FEMA Floodplain

100 yr (detailed) - FEMA Floodplain

500 yr - FEMA Floodplain

FLOODWAY - FEMA Floodplain

Disclaimer: The information provided herewith has been compiled from recorded

deeds, plats, tax maps, surveys and other public records. It is not a legally recorded

map or survey and is not intended to be used as one. Users should consult the

information sources mentioned above when questions arise. FEMA Floodplain data

may not always be present on the map.

1 inch = 100 feet

3

4

Township Data 

Type of Government 

Waterford Township 

is 

a Charter Township regulated by the Charter Township Act 

adopted by the State Legislature in 1947. The 7-member Board of Trustees consists of 

the Supervisor, Clerk, Treasurer, and 4 elected Trustees. Term of office is 4 years. The 

open meeting of the Board of Trustees is held every second and fourth Monday at 6 

p.m. at Township Hall Auditorium, 5200 Civic Center Drive, Waterford, Michigan. 

If a 

legal holiday falls on a second or fourth Monday, the open meeting will be held on the 

Wednesday immediately following the holiday. All meeting agendas are published in the 

newspaper the weekend prior to the meeting and are also available online the Friday 

prior to the meeting. 

Location 

The center of Oakland County with neighboring communities such 

as the 

City of 

Pontiac, Village of Clarkston and Keego Harbor and White Lake and West Bloomfield 

Townships. 

Waterford Township 

is approximately 30 miles northwest of Detroit and 

only a 45-minute drive from either Flint or Detroit. 

Area 

The total area of Waterford Township is 35.3 square miles. 

Land Use (SEMCOG) - 2020 

. 

42% Residential 

. 

6% Commercial 

. 

2% Industrial 

. 

4% Institutional

5

Lakes 

1% Barren and Extractive 

There are 34 lakes in Waterford Township. 

There are over 400 lakes in Oakland County. 

Transportation 

I-75 

U.S. 10 (Telegraph) 

U.S. 24 (Dixie Highway) 

M-59 (Highland Road and West Huron) 

Oakland County International Airport 

Detroit Metro Airport 

Flint Bishop Airport 

Grand Trunk Western Railroad 

Greyhound Regional 

Oakland International Airport 2024 

Over 600 airplanes based at Oakland International Airport. 

There were approximately 154,944 takeoffs and landings.

6

Neighborhood Map 

a 

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7

NEIGHBORHOOD ANALYSIS 

Location and Boundaries 

The subject is located on the south side of Highland Road west of the Williams Lake Road 

intersection. 

Its boundaries are delineated by Airport Road to the east, Pontiac Lake 

Road to the south, Williams Lake Road to the West and Hatchery Road to the North. 

The boundaries were chosen because of the commercial, residential and the airport area 

surrounding the subject property that would potential have the greatest use of the facility 

for their retail needs. There is shopping centers across the street and down the road to 

the east and west of the subject which 

is also available for customers 

in Waterford 

Township. Most people would not want to travel too far for things they need or wish to do, 

but in this area there are some options. 

Physical Characteristics 

The neighborhood 

is made up of commercial properties, residential properties and the 

Oakland County International Airport. 

Directly across the street from the subject property 

there 

is more businesses plus the Oakland County International Airport. 

The building 

contains office tenants, 

it is next to a restaurant bar with residential properties behind. 

With 

it 

being 

part commercial 

and 

residential 

in 

the 

area 

there 

are employment 

opportunities with Waterford Cinemas, the airport and the other smaller businesses in the 

area. 

Recreational facilities are found throughout the township, 

like the schools and 

churches. All the main roads are paved as are most of the side streets. Access to several 

neighboring communities is good. 

Social Characteristics 

The apartment complexes attract both single people, couples and families given there are 

one and two bedroom apartments available. 

The rents start at $900 per month and go 

up to $1200 for a two bedroom apartment. 

Sale prices in the residential area have been 

going from $180,000 up to approximately $325,000. The leases on the surrounding office 

buildings range from approximately $9.00 per square foot up to $12 per square foot 

depending on the location and retail buildings $12 to $18 per square foot.

8

7.25% for a 30 year fixed mortgage. 

The commercial loans are for 75% Land to Value 

ratio for 15 years is from 6.76% interest rate. 

Conclusion 

Waterford is primarily residential with some commercial properties. The main corridor for 

the commercial properties is M-59 or otherwise known as Highland Road. The subject is 

off the main corridor and is easily accessible. The market is in an increasing climate so 

it is expected that property values will continue to increase. 

The neighborhood is full of 

shopping, restaurants and entertainment such as VG's Market, Dollar Tree, Waterford 

Cinemas, Lakeland 

Ice Arena, Airport, Shark’s Club, Culvers and Burger King which 

makes this area desirable as it brings a lot people.

9

Site Data 

Location 

The site is located on the South side of Highland Road, West of Airport Road, East of 

Williams Lake Road, South of Hatchery Road and North of Pontiac Lake Road. 

Size and Shape 

The site is rectangular in shape. 

The land for 6695 Highland Road has a gross area of 

2.97 acres. The frontage on Highland Road is 130 feet and the average depth of the lot 

is 996 feet. The total square footage is 129,480. 

Elevation 

The elevation 

is level at the street and then slopes down. 

Drainage appears to be 

flowing down into Wetlands beyond the parking lot, so drainage is adequate. 

Utilities 

Electricity 

Detroit Edison 

Natural Gas 

Consumers Power 

Water 

Waterford Township 

Sewer 

Waterford Township 

Access 

The subject 

is facing 

which provides direct access to the site and also to Highland 

Road 

as 

it 

is the main 

corridor through Waterford Township. 

This 

road 

is 

highly 

traveled. 

The road travels east and west directly in front of the property. 

Entering or 

exiting the property is only an issue during rush hour traffic. 

Zoning

10

Physical Appearance and Functional Character of the Commercial Corridors, by 

permitting commercial uses that require intensive use of the land on zoning lots located 

with access along major arterial streets, are properly scaled and designed for major 

arterial street oriented and open air businesses, and contain substantial land area for 

safe vehicular accessibility, off-street parking, and product display. This zoning district is 

intended to utilize extensive planning and site development design to ensure that 

effective setbacks and landscape buffers are established so that the quality of life in 

adjacent residential areas are not adversely affected.”

159.25

202.16

130.00

80.00

149.00

149.00

250.00

290.00

250.00

250.00

250.00

80.00

135.00

135.00

159.25

610.00

362.50

1263.74

1263.55

80 00

157.43

157.41

126.46

136.46

27.

154.77

157.21

27.31

88.19

54.18

56.75

38.44

55.14

65.78

96.67

159.40

35.68

2

29.33

9.11

376.00

66.22

52.42

2 7

R=986.50

370.55

R=1013.50

3 5 . 0 0

290 00

806.00

806.00

1

2

2

1

3

4

5

20

13-20-101-023

13-20-126-006

13-20-126-002

13-20-101-022

13-20-130-037

13-20-101-091

13-20-126-003

13-20-101-021

13-20-130-002

13-20-130-001

13-20-130-003

13-20-130-004

S

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F

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Site Map of Subject

Oakland County 2100 Pontiac Lake Road Bldg. 41 West Waterford, MI 48328 Phone: 248-858-0721 Web: www.oakgov.com

Date Created: 9/3/2026

N

David Coulter

Oakland County Executive

2 Foot Contours

5 Foot Contours

FEMA Base Flood Elevations

FEMA Cross Sections

100 yr - FEMA Floodplain

100 yr (detailed) - FEMA Floodplain

500 yr - FEMA Floodplain

FLOODWAY - FEMA Floodplain

Disclaimer: The information provided herewith has been compiled from recorded

deeds, plats, tax maps, surveys and other public records. It is not a legally recorded

map or survey and is not intended to be used as one. Users should consult the

information sources mentioned above when questions arise. FEMA Floodplain data

may not always be present on the map.

1 inch = 100 feet

11

12

Subject Data 

6695 Highland Road 

The building is a 2 story brick building. 

This building was built in 1980. 

It has a total 

square footage of 9482 and has approximately 2.97 acres of land. 

It currently has office 

tenants. 

This parcel also has mini warehouse storage units behind the office building 

which has 5,838 square feet. 

This building also has many tenants for inside storage 

and outside storage. 

Legal Description: T3N, ROE, SEC 20 E 130 FT OF W 210 FT OF N 1056 FT OF NE 

1/4 OF NW 1/4, EXC N 60 FT IN M-59 HWY 2.97 AW405B 

The property fronts Highland Road (M-59) just east of Williams Lake Road and west of 

Airport Road in Waterford Township, Michigan. 

The current values on the record as approved by the March Board of Review are as 

follows: 

2025 Assessed Value: 

$587,950 

2025 Taxable Value: 

~~ $509,130 

Subject Property Front

13

West Side of Subject Property 

East Side of Subject

14

Rear of Subject Office Building 

Subject Sign on Highland Road 

04M PLUNBING 

SPECIALISTS, INC. 

i 

| 

bl coun 

248-666-8500 (lf 240. 

248-666-3300 

il

15

Side and Front of Subject Property Building #2 

Rear of Subject Building #2

16

Looking West on Highland Road from Subject

17

Income Approach 

According to the book, Property Assessment Valuation by the International Association 

of Assessing Officers (IAAO), “the income approach converts 

all expected future net 

benefits 

into an expression 

of present value.” 

The income approach considers the 

principle of substitution meaning that the buyer will not pay more than it would take to buy 

a substitute property with the same or similar return on investment. 

For this valuation, 

direct capitalization of the net operating income will be taken into consideration. 

Market rents were considered when analyzing the property for the income potential and 

value. There were several similar use properties that were in the area that were reviewed 

to determine the market rates for neighborhood shopping centers. 

According to Crexi 

advertised rents for office ranges from $9-$18 per square foot so 

| chose to use $14 per 

square foot. 

This appears to be consistent with what is on the market, which is $15 per 

square foot. 

The vacancy and expense 

ratio were also used 

in accordance with 

information from Crexi and approximate expenses. The market vacancy is 7.2% and the 

expense ratio 40%. 

The Capitalization Rate is 7.4% based upon sales in Crexi ending 

12/31/2024. 

Effective tax rate is 2.7%. Below are the calculations used to determine the 

value for the property. 

Potential Gross Income 

156320 X $14 

$214,480 

Vacancy 7.2% 

$214,480 X 7.2% 

$15,433 

Effective Gross Income 

$199,037 

Expenses 40% 

$199,037 X 40% 

$79,614.98 

NOI 

$119,422.46 

Cap Rate 7.4% + ETR 2.7% 

$119442.46/10.10% 

$1,182,401

18

Market Analysis 

Subject 

Sale A 

Sale B 

Sale C 

Parcel Number 

13-20-126-002 

13-20-129-005 

13-03-452-028 

24-14-226-054 

Address 

6695 Highland Road 

6501 Highland Road 

4468 Walton Blvd 

18505 W 12 Mile Rd 

City 

Waterford 

Waterford 

Waterford 

Lathrup Village 

Liber/Page 

59539:753 

59416:330 

59593:852 

Inst Type 

LC 

LC 

cD 

Sale Date 

7/23/2024 

6/7/2024 

8/16/2024 

Sales Price 

561,800 

850,000 

550,000 

Grantor 

Seibs Holding Corp 

Walton Blvd LLC 

South Oakland Shelter 

Anbari Commercial Dev 

Grantee 

American Postal Workers 

4LLC 

TOHQ 

Location 

Superior 

Superior 

Good 

Superior 

Site (sq ft) 

129,373 

17,946 

30,013 

21,997 

Property Type 

Office/Mini Warehouse 

Office 

Office 

Office 

Year Built 

1980/2004 

1972 

2001 

1976 

Effective Age 

35/21 

31 

17 

41 

Condition 

Average 

Average 

Average 

Average 

Gross Bld Area 

9482/5838 Total 15320 

4,948 

11724 

9,676 

Land to Bldg Ratio 

01:08.4 

01:03.6 

01:02.5 

Building Height 

12 and 16 

10 

12 

9 

Functional Obsolescence 

Building Construction 

Class C/Class D 

Class D 

Class D 

Class C 

Heating/Cooling 

Zoned 

Package Heating & CoolindPackage Heating & CoolindPackage Heating & Cooling 

Parking 

53 

39 

40 

33 

Zoning 

C-4 Extensive Business 

|O-1-local Office 

0-1 Local Office 

0O-Office 

Unadj $ per sq ft 

$113.54 

$72.50 

$56.80 

Time Adjustment 

0% 

0% 

Time Adj per square foot 

113.54 

72.50 

56.80 

Location Adjustment 

0 

5% 

Location Adj per square foot 

113.54 

76.10 

56.80 

Effective Age Adjustment 

0% 

-5% 

5% 

Effective Age Adj/sq ft 

113.54 

72.50 

59.60 

Physical Characteristic Adj 

-5% 

0% 

0% 

Physical Charact Adj/sq ft 

107.94 

72.50 

59.60 

Gross % Adjustment 

5% 

10% 

5% 

Net % Adjustment 

-5% 

0% 

5% 

median sale price/sq ft 

72.5 

$1,110,700 

avg sale price/sq ft 

80 

$1,225,600

Sales Comparison Approach 

 

The sales comparison approach is “the process of deriving a value indication for the 

subject property by comparing sales of similar properties to the property being 

appraised, identifying appropriate units of comparison, and making adjustments to the 

sales prices (or unit of prices, as appropriate) of the comparable properties based on 

relevant, market-derived elements of comparison. The sales comparison approach may 

be used to value improved properties, vacant land, or land being considered as though 

vacant when an adequate supply of comparable sales is available.”3 This process is 

used to determine a value for the subject property. The subject is compared to three 

properties, two located within Oakland County and one located in Wayne County that 

have the same or similar use. I compared the subject to the most comparable 

properties that are available using Crexi and BS&A to assist in locating the sales. 

 

The sales were adjusted accordingly with Sale A and B being very close in proximity to 

the subject. The subject has substantially larger land size to all the comparables. Sale 

C is in Lathrup Village approximately 18 mile away. Sales A is less than a half a mile 

from the subject and Sale B is within five miles of the Subject and is a good indicator of 

the market for the area. All three sales occurred in 2024, which were all fairly close to 

Tax Day, December 31, 2024, so the time was not adjusted for these sales. As far as 

location I gave Sale B an adjustment just due to not being as good a location as the 

subject and Sale A and C. Sale B was given a slight adjustment down for the effective 

age and a slight increase for Sale C due to its condition. As far as the physical 

condition, after weighing the size of the building and lot and the class the adjustment 

ended in a negative adjustment. With Sale B and C the differences netted in a 0% 

adjustment. 

 

Conclusion 

 

Once all the adjustments are completed, a final dollar per square foot is determined for 

each sale. The average dollar per square foot of the Sales for 2025 is $80. The 

 

3 The Dictionary of Real Estate Appraisal, 6th Edition, 2015, Appraisal Institute, Chicago, IL, 

19

median of the sales is $72.50 per square foot. These rates per square footage are 

applied to the subject square footage to determine the value. Using the average sale 

price per square foot produces a value of $1,225,600 or $1,225,000 round and by using 

the median value of $72.5 per square foot gives a value of $1,110,700 or $1,100,000 

rounded. Therefore, using the Sales Comparison Approach the final value 

determination of the subject for 2025, based upon putting the most weight on the 

average value of the sales, the value of the property is $1,200,000. This would give an 

assessed value of $600,000 for 2025. 

 

page 207. 

20

21

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21

22

Real Estate Summary Sheet 

***Information herein deemed reliable but not guaranteed*** 

09/03/2026 2:22 PM 

Parcel: 

W -13-20-129-005 

Current Class: 

201.COMMERCIAL-IMPROVED 

Owner's Name: 

AMERCN PSTL WORKERS 480-481 BLDEigable status. 

Taxsgte oo 

Property Address: 

6501 HIGHLAND RD 

WATERFORD, MI 48327-1655 

Prev. Taxable Stat 

TAXABLE 

. 

Gov. Unit: 

W_Township of Waterford 

Liber/Page: 

60048:727 

Created: 

/ 

/ 

ITOnly 

POST 

it: 

// 

ive: 

i 

School: 

63300 WATERFORD SCHOOL DISTRICT 

Split: 

Active: 

Active 

Neighborhood: 

~~ COF E.C.F. Table COF 

Office 

Public Impr.: 

Paved Road, Storm Sewer, Sidewalk, Water, Sewer, Electric, Gas, Curb, Street Lights 

Topography: 

Level 

Mailing Address: 

Description: 

AMERCN PSTL WORKERS 480-481 BLDG ~~ T3N, RE, SEC 20 PART OF NE 1/4 OF NW 1/4 BEG AT PT DIST S 00-15-20 W 60.00 FT FROM N 1/4 COR, TH S 00-15-20 W 

co 

190.00 FT, TH W 85.00 FT, TH N 00-15-20 E 90.00 FT, TH W 17 FT, TH N 00-15-20 E 100.00 FT, TH E 102 FT TO BEG 0.41 A 

810 LIVERNOIS ST 

FERNDALE MI 48220-2309 

Most Recent Sale Information 

Sold on 01/29/2025 for 561,800 by SEIBS HOLDING CORP. 

Terms of Sale: 

16-LC PAYOFF 

Liber/Page: 

60048:727 

Most Recent Permit Information 

Permit W03344263222B on 09/01/1999 for $0 category SelectCategory. 

Physical Property Characteristics 

2025 S.E.V.: 

228,510 

2025 Taxable: 

228,510 

Lot Dimensions: 

2024 S.E.V.: 

201,620 

2024 Taxable: 

196,490 

Acreage: 

0.41 

Zoning: 

0-1 

Land Value: 

96,912 

Frontage: 

1.0 

PRE: 

0.000 

Land Impr. Value: 

14,949 

Average Depth: 

17,950.0 

Improvement Data 

# of Commercial Buildings: 

2 

Type: 

Office Buildings 

Desc: 

Building 

1, Section 1 

Class: 

D 

Quality: 

Average 

Built: 

1972 Remodeled: 

0 

Overall Building Height: 

20 

Floor Area: 4,948 

Sale Price/Floor Area: 

113.54 

Estimated TCV: 345,163 

Cmts:

23

Printed on 

08/13/2028 

Parcel 

Number: 

W -13-20-12%-005 

Jurisdiction: 

Township 

of Waterford 

County: 

OAKLAND 

Grantor 

oo 

Grantee 

sale 

Sale 

Inst. 

Terms of Sale 

"Liber 

Verified 

Prent. 

Price 

Date 

Type 

& 

Page 

By 

Trans. 

SEIBS HOLDING CORP 

AMERCN PSTL WORKERS 480-4¢ 

561,800 

01/29/2025 

WD 

16-LC PAYOFF 

60048:727 

DEED 

— 

0.0 

SEIBS HOLDING CORP 

AMERICAN POSTAL WORKERS 

4f 

561,800 

07/23/2024 

MLC 

03-ARM'S LENGTH 

59539:753 

PROPERTY TRANSFER 

100.0 

Property Address 

[Class: COMMERCIAL-IMPROVE Zoning: 

O-1 

Building Permit (s) 

Date 

Number 

Status 

6501 HIGHLAND RD 

School: 

WATERFORD SCHOOL DISTRICT 

SelectCategory 

09/01/1999 

W03344263222B Closed 

Owner's Name/Address 

___P.R.E. 

0% 

BMERCN PSTL WORKERS 

480-481 BLDG CO 

810 LIVERNOIS 

ST 

FERNDALE MI 48220-2309 

ITOnly: 

POST 

2025 

Est TCV 457,024 TCV/TFA: 

92.37 

X 

| Improved 

|Vacant 

Land Value Estimates 

for Land Table COFH.Land Table COF HIGHLAND 

| 

Public 

| 

* 

Factors 

* 

| 

Improvements 

Description 

Frontage 

Depth 

Front 

Depth 

Rate 

$%Adj. 

Reason 

Value 

=r 

ee 

Di 

1.0017950.00 

1.0000 

0.0000 

0 

100* 

0 

TAXiDesEription 

4 

Eee 

| office Highland Rd 

17,946.700 Sq Ft 

5.40 

100 

96,912 

T3N, 

ROE, 

SEC 

20 

PART 

OF NE 

1/4 

OF NW 

1/4 

| x 

|paved Road 

| 

* 

denotes 

lines 

that 

do not contribute 

to the total 

acreage calculation. 

BEG AT 

PT DIST 

S 00-15-20 

W 60.00 

FT 

FROM | x 

|storm Sewer 

[ 

1 Actual Front 

Feet, 

0.41 

Total Acres 

Total 

Est. 

Land Value 

= 

96,912 

N 1/4 COR, 

TH S 00-15-20 W 190.00 FT, 

TH 

|x |sidewalk 

3 

es 

W 85.00 FT, 

TH N 00-15-20 

E 90.00 FT, 

TH 

|x |yater 

W 

17 

FT, 

TH 

N 00-15-20 

E 

100.00 

FT, 

TH 

E 

X 

|Sewer 

Land Improvement Cost Estimates 

102 

FT TO BEG 0.41 

A 

| 

x 

|g1ectric 

Description 

Rate 

Size 

§ Good 

Cash Value 

Comments/Influences 

| x 

|cas 

D/W/P: 

4in Concrete 

6.71 

298 

44 

880 

12/16/24 

On site 

for review, 

occupied 

| 

X 

[Curb 

[ Commeriial Local 

fosk 

(band, Typrovenshts 

" 

now, 

said there 

is 

all 

new carpet 

and 

| 

x 

|street 

Lights 

Description 

Rate 

Size 

% 

Good Arch 

Mult 

Cash yeu 

paint but no structural changes. 

TL 

Standard Utilities 

JEL Rarkingspaces 

y 

925.00 

39 

id 

10 

14.9 

8/28/24 

On site 

for sale, 

no exterior 

Underground Utils. 

Total Estimated Land Improvements True Cash Value 

= 

14,949 

changes. 

Est interior has work being 

"Topography of 

! 

NR — 

| 

site 

| 

[X 

[Level 

| 

Rolling 

| 

Low 

[ 

High 

| 

Landscaped 

Swamp 

Wooded 

Pond 

Waterfront 

Ravine 

Wetland 

== 

i 

= RN 

Flood Plain 

Year 

Land, 

Building 

Assessed 

Board of 

Tribunal/ 

Taxable 

| 

value, 

Value 

Value 

Review 

Other) 

value 

When 

What 

2025 

48,4860] 

180,050] 

228,510 

228,5108 

Thi 

1 

C 

ht 

( 

1999 

2 

966 12/16/2024 ExteriorRe 2024 

| 

48,460] 

153,160 

201,620] 

196, 490C 

e Equalizer. 

opyright 

(c) 

- 2009. |966 08/28/2024 ExteriorRe 

f 

| 

== 

T 

a. 

Licensed To: County of Oakland, Michigan 

[964 04/13/2018 coer Lh 

— 

46:960 

14%210 

192367) 

ol _ 

187, 140C 

| 

[2022 

48,460] 

129,770| 

178,230 

178,2308 

*** 

Information herein deemed reliable but 

not guaranteed*** 

23

24

Commercial/Industrial Building/Section 

1 

of 

2 

Parcel Number: 

W -13-20-12%-005 

Printed 

on 

08/13/2028 

Desc. of Bldg/Sectior 

<<<<< 

Calculator 

Cost 

Computations 

>>>>> 

© Building 

1, 

Section 

1 

Calculator Occupancy: 

Office Buildings 

Clas 

D 

Quality: 

Average 

Class: 

D 

— 

“Construction Cost 

~~" 

Stories: 

2 

Story Height: 

10 

Perimeter: 

202 

. 

— 

__ 

Overall Building Height: 

20 

Floor a 

near 4,048 

High 

Above Ave. 

Ave. 

¥ 

Low 

Stories Rbove Grd: 

2 

*% 

#% 

Calculator Cost Data 

** #*+ Base Rate for Upper Floors 

= 147.30 

Average 

Sty Hght 

: 

10 

Quality: 

Average 

Bsmnt Wall Hght 

Heat#l: 

Package Heating 

& Cooling 

100% 

(10) 

Heating system: 

Package Heating 

& Cooling 

Cost/SqFt: 

29.46 

100% 

___Heat#2: 

Electric, 

Cable 

or Baseboard 

0% 

Adjusted Square 

Foot Cost for Upper Floors 

= 176.76 

Depr. 

Table 

Ave. 

SgFt/Story: 

2215 

Effective Age 

: 

31 

Ave. 

Perimeter: 

202 

Total Floor Area: 

4,429 

Base Cost New 

of Upper Floors 

= 

782,870 

Physical 

$Good: 

53 

Has 

Elevators: 

Func. 

%Good 

: 

100 

Reproduction/Replacement Cost 

= 

782,870 

Economic $Good: 

100 

*** Basement 

Info 

*** 

Eff.Age:31 

Phy. %Good/Abnr.Phy./Func./Econ./Overall $Good: 

53 /100/100/100/53.0 

— Area: 

Total Depreciated Cost 

= 

414,921 

Remodeled 

pene 

Unit in Place Items 

Rate Quantity Arch 

$Good 

Depr. Cost 

TT30 0verall 

Bldg | 

Heat: 

wee 

83.49 

30 1.00 

53 

1,327 

Height 

| 

Cccp 

55.71 

38 

1.00 

53 

1,122 

- 

* Mezzanine Info 

* 

| 

Comments: 

Area #1: 

| ECF 

(E.C.F. 

Table COF 

Office) 

0.708 => TCV of Bldg: 

1 

= 

295,498 

Type 

#1: 

| 

Replacement Cost/Floor Area= 177.80 

Est. 

TCV/Floor Area= 66.72 

Area 

#2: 

| 

[Type 

#2: 

| 

* Sprinkler Info 

* 

| 

|Area: 

| 

Type: 

FE — 

(1) 

Excavation/Site 

Prep: 

(7) 

Interior: 

© 

(11) 

Electric 

and Lighting: 

(39) 

Miscellaneous: 

(2) 

Foundation: 

Footings 

(8) 

Plumbing: 

— 

_ 

So 

TT 

Outlets: 

Fixtures: 

X 

‘Poured Conc. 

‘Brick/Stone 

Block 

Many 

Average 

Few 

___ 

I 

— 

—- 

— 

Above Ave. 

Typical 

None 

Few 

Few 

, 

- 

. 

Average 

‘Average 

Total 

Fixtures 

Urinals 

Many 

§ 

Many 

(3) 

Frame: 

3-Piece Baths 

Wash Bowls 

‘Unfinished 

Unfinished 

2-Piece Baths 

Water Heaters 

Typical 

Typical 

Shower Stalls 

Wash Fountains 

Toilets 

Water Softeners 

Flex Conduit 

| 

Incandescent 

~ 

a 

Rigid Conduit 

Fluorescent 

NB 

(4) 

Floor 

Structure: 

Armored Cable 

| 

Mercury 

(40) 

Exterior Wall: 

Non-Metalic 

| 

‘Sodium Vapor 

_ 

EE —— 

. 

(9) 

Sprinklers: 

Bus 

Duct 

Transformer 

Thickness 

— 

"(13) 

Roof Structure: 

Slope=0 

(5) 

Floor 

Cover: 

(10) 

Heating and Cooling: 

Gas 

Coal 

Hand Fired 

0il 

Stoker 

Boiler 

(6) Ceiling: 

*** 

Information herein deemed reliable 

but 

not guaranteed*** 

Commercial/Industrial Building/Section 

2 

of 

2 

Parcel Number: 

W -13-20-129-005 

Printed 

on 

08/12420 

© o

25

Desc. of Bldg/Section: Building 

1, 

Section 

2 

Calculator Occupancy: 

Office Buildings 

<<<<< 

Class: 

D 

Quality: 

Average 

Calculator 

Cost 

Computations 

>>>>> 

class: 

D 

- 

Construction Cost 

777 

Stories: 

1 

Story Height: 

10 

Perimeter: 

143 

Floor 

Area: 

519 

- 

Overall 

Building Height: 

10 

Gross 

Bldg Area: 

4,948 

R 

Stories Bbove 

Grd: 

1 

Fx 

ost 

Data 

Base 

Rate 

for Upper Floors 

= 212.52 

Average 

Sty Hght 

: 

10 

Quality: 

Average 

A 

A 

Bsmnt Wall 

Hght 

Heat#l: 

Package Heating 

& 

Cooling 

100g 

(10) 

Heating 

system: 

Package 

Heating 

& 

Cooling 

Cost/SgFt: 

42.50 

100% 

— 

— 

..__Heat#2: 

Electric, 

Cable 

or Baseboard 

0% 

Adjusted Square 

Foot 

Cost 

for Upper Floors 

= 255.02 

Depr. 

Table 

T 

2% 

Ave. 

SgFt/Story: 

519 

~ 

Effective Age 

: 

31 

Ave. Perimeter: 

143 

Total Floor Area: 

519 

Base Cost New of Upper Floors 

= 

132,356 

Physical 

%Good: 

53 

Has 

Elevators: 

Func. 

%$Good 

100 

Reproduction/Replacement 

Cost 

= 

132,356 

Economic 

%Good: 

100 

*#% 

Basement 

Info 

*** 

Eff.Age:31 

Phy. %Good/Abnr. 

Phy. /Func. /Econ. /Overall %Good: 

53 

/100/100/100/53.0 

——— 

. 

i 

= 

70,149 

157% Year 

Built 

Area: 

Total 

Depreciated 

Cost 

Perimeter: 

Remodeled 

Type: 

ECF 

(E.C.F. Table COF 

Office) 

0.708 => TCV of Bldg: 

2 

= 

19,665 

Heat: 

Replacement Cost/Floor Area= 255.02 

Est. 

TCV/Floor Area= 95.69 

Height 

Pa 

* Mezzanine 

Info 

* 

Comments: 

Area 

#1: 

Type 

#1: 

Area 

#2: 

Type 

#2: 

* Sprinkler 

Info 

* 

Area: 

BE 

Type: Average 

- 

SE 

(1) 

Excavation/Site 

Prep: 

(7) 

Interior: 

(11) 

Electric and Lighting: 

72) Foundation: | Footings 

) 

(8) 

Plumbing: 

SE 

- 

TT 

o 

L 

. 

i. 

— 

Fixture 

. 

X 

Poured 

Conc. 

Brick/Stone 

Block 

Many 

Average 

Few 

N— 

SS 

- 

— 

Above Ave. 

Typical 

None 

Few 

Few 

— 

. 

Average 

Average 

Co 

Total 

Fixtures 

Urinals 

Many 

Many 

(3) 

Frame: 

3-Piece Baths 

Wash Bowls 

Unfinished 

Unfinished 

2-Piece Baths 

Water Heaters 

Typical 

Typical 

Shower Stalls 

Wash Fountains 

SO SE 

— 

— 

Toilets 

Water Softeners 

Flex Conduit 

Incandescent 

i 

a 

Rigid Conduit 

Fluorescent 

(4) 

Floor 

Structure: 

Armored 

Cable 

Mercury 

Non~Metalic 

Sodium Vapor 

(9) 

Sprinklers: 

Bus 

Duct 

Transformer 

SE 

(13) Roof Structure: 

 Slope=0 

EE 

- 

(5) 

Floor Cover: 

(10) 

Heating and Cooling: 

Gas 

Coal 

Hand Fired 

ee 

I 

~ 

[EE 

- 

— 

SE 

0il 

Stoker 

Boiler 

(14) 

Roof Cover: 

(6) 

Ceiling: 

*** 

Information herein deemed 

reliable 

but 

not 

guaranteed*** 

25

26

08/13/2026 

Valuation Report 

3:59 

PM 

DB: 

Assessing-25 

W 

-13-20-129-005 

2025 

Est. 

T.C.V. 

AMERCN 

PSTL 

WORKERS 

480-481 

BLDG 

CO 

Property Class: 

201 

6501 HIGHLAND 

RD 

Map 

#: 

POST 

Township 

of Waterford 

WATERFORD, 

MI 

48327-1655 

Land Value Estimates 

for 

Land Table COFH.Land Table 

COF HIGHLAND 

* 

Factors 

* 

Description 

Frontage 

Depth 

Front 

Depth 

Rate 

$Adj. 

Reason 

Value 

1.0017950.00 

1.0000 

0.0000 

0 

100% 

0 

Office Highland 

Rd 

17,946.700 

Sq 

Ft 

5.40 

100 

96,912 

* 

denotes 

lines 

that 

do 

not contribute 

to 

the 

total 

acreage calculation. 

1 

Actual 

Front 

Feet, 

0.41 

Total 

Acres 

Total 

Est. 

Land Value 

= 

96,912 

Land 

Improvement 

Cost 

Estimates 

Description 

Rate 

Size 

% 

Good 

Cash 

value 

D/W/P: 

4in Concrete 

6.71 

298 

44 

880 

Commercial Local 

Cost 

Land Improvements 

Description 

Rate 

Size 

% 

Good Arch Mult 

Cash Value 

SPL-ParkingSpaces 

925.00 

39 

39 

100 

14,069 

Total 

Estimated 

Land 

Improvements 

True 

Cash 

Value 

= 

14,949 

Cost 

Estimates 

for Commercial/Industrial Building/Section: 

1 

Built 

1972 

Description 

of Occupancy: 

Building 

1, 

Section 

1 

Costs 

are 

taken 

from 

the 

Office Buildings 

cost 

schedules. 

<<< 

Calculator Cost Computations 

>>>>> 

Class: 

D 

Quality: 

Average 

Stories: 

2 

Story Height: 

10 

Perimeter: 

202 

Overall Building Height: 

20 

Base 

Rate 

for 

Upper 

Floors 

= 

147.30 

(10) 

Heating 

system: 

Package Heating 

& Cooling 

Cost/SqFt: 

29.46 

100% 

Adjusted 

Square 

Foot 

Cost 

for 

Upper 

Floors 

= 

176.76 

Total 

Floor Area: 

4,429 

Base 

Cost 

New 

of 

Upper 

Floors 

= 

782,870 

Reproduction/Replacement 

Cost 

= 

782,870 

Eff.Age:31 

Phy. %Good/Abnr.Phy./Func./Econ./Overall %Good: 

53 /100/100/100/53.0 

Total 

Depreciated Cost 

= 

414,921 

Unit 

in 

Place 

Items 

Rate Quantity Arch 

%Good 

Depr.Cost 

WCP 

83.49 

30 

1.00 

53 

1,327 

CCP 

55.71 

38 

1.00 

53 

1,122 

ECF 

(E.C.F. 

Table 

COF 

Office) 

0.708 

=> 

TCV 

of 

Bldg: 

1 

= 

295,498 

Replacement Cost/Floor Area= 

177.80 

Est. 

TCV/Floor Area= 

66.72 

Cost Estimates 

for Commercial/Industrial Building/Section: 

2 

Built 

1972 

Description 

of Occupancy: 

Building 

1, 

Section 

2 

Costs 

are 

taken 

from 

the 

Office 

Buildings 

cost 

schedules. 

<< 

Calculator 

Cost Computations 

>>>>> 

Class: 

D 

Quality: 

Average

27

08/13/2026 

Valuation Report 

03:59 

PM 

DB: 

Assessing-25 

Parcel Number: 

W -13-20-129-005 

Page: 

2 

ECF 

(E.C.F. 

Table 

COF 

Office) 

0.708 

=> 

TCV 

of 

Bldg: 

2 

= 

49,665 

Replacement Cost/Floor Area= 255.02 

Est. 

TCV/Floor Area= 

95.69 

Total 

Estimated 

True 

Cash 

Value 

of 

Commercial/Industrial 

Buildings 

= 

345,163 

2025 

Est. 

T.C.V. 

W -13-20-129-005 

= 

457,024 

Est. 

TCV/Total 

Floor Area 

= 

92.37, 

Most 

recent 

sale 

01/29/2025 

for 

561,800 

2024 Assessed 

MBOR 

S.E.V. 

Base 

for 

Cap 

IRM 

201, 620 

201, 620 

201,620 

196,490 

3.10 

2025 

New 

Eg. 

Adjustment 

Loss 

Additions 

Tax Adjustment 

Losses 

29,300 

-2,410 

0 

29,300 

2,720 

0 

2025 

Assessed 

MBOR 

S.E.V. 

Capped 

->Taxable<— 

PRE/MBT 

228,510 

228,510 

228,510 

231,880 

228,510 

0

28

Real Estate Summary Sheet 

*#*Information herein deemed reliable but not guaranteed*** 

09/03/2026 1:51 PM 

. 

-13-03- 

2 

Current Class: 

201,COMMERCIAL-IMPROVED 

Rpt 

W -13-03-452-028 

Previous Class: 

201. COMMERCIAL IMPROVED 

Owner's Name: 

ANBARI COMMERCIAL DEVELOPMENTS axable Status 

TAXABLE 

Property Address: 

4468 W WALTON BLVD 

Prev. Taxable Stat 

TAXABLE 

WATERFORD, MI 48329-4098 

Gov. Unit: 

W_Township of Waterford 

Liber/Page: 

59416:330 

Created: 

/ 

/ 

monly 

POST 

» 

// 

. 

School: 

63300 WATERFORD SCHOOL DISTRICT 

Spits 

Activa: Active 

Neighborhood: 

 COF E.C.F. Table COF 

Office 

Public Impr.: 

Paved Road, Storm Sewer, Sidewalk, Water, Sewer, Electric, Gas, Curb, Street Liahts 

Topography: 

Level 

Mailing Address: 

Description: 

ANBAR COMMERCIAL DEVELOPMENTS 

T3N, ROE, SEC 3 EYSTER'S WOODHULL LAKE FARMSLOT 134 EXC N 75 FT 4-24-01 FR 009 

LLC 

1625 BRANDYWINE DR 

BLOOMFIELD HILLS MI 48304-1109 

Most Recent Sale Information 

Sold on 06/07/2024 for 850,000 by WALTON BLVD LLC. 

Terms of Sale: 

03-ARM'S LENGTH 

Liber/Page: 

59416:330 

Most Recent Permit Information 

Permit PS24-0035 on 10/04/2024 for $0 category Other. 

Physical Property Characteristics 

2025S.E\V.: 

524,980 

2025 Taxable: 

524,980 

Lot Dimensions: 

2024 S.E\V.: 

528,380 

2024 Taxable: 

498,390 

Acreage: 

0.69 

Zoning: 

0-1 

Land Value: 

106,174 

Frontage: 

150.0 

PRE: 

0.000 

Land Impr, Value: 

28,381 

Average Depth: 

200.0 

Improvement Data 

# of Commercial Buildings: 

1 

Type: 

Office Buildings 

Desc: 

Building 1, Section 2 

Class: 

D 

Quality: 

Average 

Built: 2001 Remodeled: 

0 

Overall Building Height: 

24 

Floor Area: 

5,862 

Sale Price/Floor Area: 

145.00 

Estimated TCV: 915,406 

Cmts:

29

Printed 

on 

09/03/2028 

Jarcel Number: 

W -13-03-452-028 

Jurisdiction: 

Township of Waterford 

County: 

OAKLAND 

Srantor 

Grantee 

Sale 

Sale 

Inst. 

Terms 

of Sale 

Liber 

|Verified 

Prent. 

Price 

Date 

Type 

& Page 

|By 

Trans. 

YALTON BLVD LLC 

ANBARI COMMERCIAL 

DEV LLC 

850,000 

06/07/2024 

|MLC 

03-ARM'S LENGTH 

59416:330 

PROPERTY TRANSFER 

100.0 

iMs 

WALTON BOULEVARD 

875,000| 

04/23/2021 

|WD 

03-ARM'S LENGTH 

56157:803 

PROPERTY TRANSFER 

100.0 

| 

droperty Address 

Class: COMMERCIAL-IMPROV |2oning: 

0-1 

Building Permit (s) 

Date 

Number 

Status 

4468 

W WALTON BLVD 

School: 

WATERFORD SCHOOL DISTRICT 

Other 

10/04/2024 

|psS24-0035 

Closed 

P.R.E. 

0% 

SelectCategory 

07/01/2001 

|W03057765516B 

[Closed 

0 

wner's Name/Address 

TTOnly: POST 

SelectCategory 

09/12/2000 

|W030578655168 

|Closed 

ANBARI COMMERCIAL DEVELOPMENTS 

LLC 

. 

1625 BRANDYWINE 

DR 

2025 

Est 

TCV 1,049,961 

TCV/TFA: 

179.11 

- 

3LOOMFIELD HILLS 

MI 48304-1109 

Improved 

| 

Vacant 

Land Value Estimates 

for Land Table COF.Land Table 

COF 

Public 

* Factors 

* 

Improvements 

Description 

Frontage 

Depth 

Front 

Depth 

Rate 

$Adj. 

Reason 

Value 

— 

Dirt Road 

150.00 200.00 

1.0000 

0.0000 

0 

100% 

0 

fax Desaription, 

Sravel Road 

30,012.800 Sq Ft 

3.54 

100 

106,174 

I3N, 

ROE, 

SEC 

3 EYSTER'S WOODHULL LAKE 

X 

|paved Road 

* denotes lines 

that do not contribute 

to the total acreage calculation. 

FARMSLIOT 134 EXC 

N 

75 

FT 4-24-01 

FR 009 

X 

|Storm Sewer 

150 Actual 

Front Feet, 

0.69 Total Acres 

Total Est. 

Land Value 

= 

106,174 

Comments/Influences 

X 

[Sidewalk 

12/04/25 

Sign completed. 

TL 

X 

|Water 

5/14/2024 Doors locked, LC. Exterior- no 

|X 

|Sewer 

Zand, IBpLovensht. CoSk Ep IAL 

A 

wee) 

change. 

New photos. 

TK 

& 

TL 

X 

|Electric 

ren 

nae 

ag 

* Sond 

cas 

ida 

5-20-2021 Spoke with tenant and employee 

|X 

[Gas 

D/W/B: 

goa Snes 

J 

’ 

>f owner, 

LC. Measured exterior, 

walk and 

|X 

[Curb 

Commercial 

Local 

Cost Land Improvements 

F3z 

if asol seat BALE 

Quah Wa 

>anopy. 

Correct parking. 

Per verbal with 

|X 

|Street Lights 

SRE 

ris 

Roe 

och 

£0 

Los 

28 Relig: 

smployee, basement is 100% finished as 

Standard Utilities 

SPL-ParkingSpaces 

p 

925+ 

4 

k 

=! 

58.381 

>ffice space 

and interior was renovated 

Underground Utils. 

Total Estimated Land Improvements 

True 

Cash 

Value 

= 

’ 

last fall. New photos. 

TK 

Topography 

of 

Site 

X 

|Level 

Rolling 

Low 

High 

Landscaped 

Swamp 

Wooded 

Pond 

Waterfront 

Ravine 

Wetland 

— 

. 

: 

Flood Plain 

Year 

Land 

Building 

Assessed| 

Board 

of| 

Tribunal/ 

Taxable 

Value 

Value 

Value| 

Review 

Other 

Value 

Who 

When 

What 

2025 

53,090 

471,890 

524,980] 

524,9808 

066 02/04/2025 BuildingPe 

[2024 

53,090 

475,290 

528,380] 

| 

498,390C 

Copyright 

(c) 

1999 

- 2009.|964 06/14/2024 FieldSaleR 

T 

1 

Licensed To: County of Oakland, Michigan 

|966 06/14/2024 FieldSaleR 2023 

53,090 

145.240 

498, 930] 

| 

4T84550C 

2022 

| 

53,090 

398,970 

452,060] 

[ 

452, 0608] 

*** Information herein deemed reliable but not guaranteed*** 

29

30

Zommercial/Industrial Building/Section 

1 

of 

1 

Parcel Number: 

W -13-03-452-028 

Printed 

on 

09/03/2026 

Desc. 

of Bldg/Section: 

Building 

1, 

Section 

2 

<<<<< 

Calculator 

Cost Computations 

>>>>> 

Calculator Occupancy: 

Office Buildings 

class: 

D 

Quality: 

Average 

Class: 

D 

Construction Cost 

Stories: 

1 

Story Height: 

12 

Perimeter: 

340 

Floor Area: 

5,862 

. 

Overall Building 

Height: 

24 

Gross 

Bldg Area: 

5,862 

[High 

[ppove Ave. 

[X [ave 

| 

| 

Low 

Stories Above Grd: 

1 

** 

** 

Calculator Cost Data 

** 

** 

Base Rate 

for Upper Floors 

= 142.00 

Average 

Sty Hght 

12 

Quality: 

Average 

Office Basement Basement, 

Base Rate 

for Basement 

= 

105.29 

Bsmnt Wall Hght 

12 

Heat#1: 

Package Heating 

& Cooling 

100 

(Basement Fireproofing Rate 

= 0.00) 

Heat#2: 

Complete H.V.A.C. 

0% 

Depr. 

Table 

2% 

Ave. 

SqFt/Story: 

5862 

(10) 

Heating 

system: 

Package Heating 

& Cooling 

Cost/SgFt: 

28.40 

100% 

Effective Age 

17 

Ave. 

Perimeter: 

340 

Bsmnt Heating 

system: 

Package Heating 

& Cooling 

Cost/SqFt: 

28.40 

Physical 

%Goo 

71 

Has Elevators: 

Adjusted 

Square 

Foot 

Cost 

for Upper 

Floors 

= 

170.40 

Func. 

%Good 

100 

Adjusted 

Square 

Foot 

Cost 

for Basement 

= 

133.69 

Economic %Good: 

100 

**%* Basement 

Info 

*** 

3001 

[Year 

Built 

Area: 

5862 

Total 

Floor Area: 

5,862 

Base Cost 

New 

of Upper 

Floors 

= 

298.8% 

[Remodeled 

Perimeter: 

340 

Basement Area: 

5,862 

Base Cost New 

of Basement 

= 

783,69 

| 

Type: 

Office Basement 

24|Overall Bldg 

Heat: 

Package Heating 

& Cooling 

5,862 

Sq.Ft. 

of Sprinklers 

@ 

6.41, 

Cost New 

= 

37,575 

|Height 

- 

* Mezzanine 

Info 

* 

Reproduction/Replacement 

Cost 

= 

1,820,151 

Comments: 

Area 

#1: 

Eff.Age:17 

Phy. 3%Good/Abnr.Phy./Func./Econ./Overall 

%Good: 

71 

/100/100/100/71.0 

Type 

#1: 

Total 

Depreciated Cost 

= 

1,292,307 

Area 

#2: 

Type 

#2: 

<<<<< 

Segregated 

Cost Computations 

>>>>> 

Costs 

taken from Segregated Cost Section 

5: 

Offices, 

Banks, 

Hospitals 

* 

Sprinkler 

Info 

* 

Cost 

# 

or 

Height 

Storys 

Area: 

5862 

Item Desciption 

Col. 

Rate 

SqFt 

Adj. 

Adj. 

Cost 

Type: 

Average 

<<<<< Calculations 

too long. 

See Valuation printout 

for complete pricing. 

>>>>> 

(1) 

Excavation/Site 

Prep: 

(7) 

Interior: 

(11) 

Electric 

and Lighting: 

(39) 

Miscellaneous: 

(2) 

Foundation: 

|Footings 

(8) 

Plumbing: 

24 

Wood Frame 

r 

- 

4 

Outlets: 

Fixtures: 

X [Poured Conc 

| 

[Brick/Stone] 

[Block 

Many 

Average 

Few 

Above Ave. 

Typical 

None 

Few 

Few 

, 

_ 

Average 

Average 

Total 

Fixtures 

Urinals 

Many 

Many 

(3) 

Frame: 

3-Piece Baths 

Wash Bowls 

Unfinished 

Unfinished 

2~Piece 

Baths 

Water Heaters 

Typical 

Typical 

Shower 

Stalls 

Wash Fountains 

Toilets 

Water Softeners 

Flex Conduit 

Incandescent 

Rigid Conduit 

Fluorescent 

(4) 

Floor Structure: 

Armored Cable 

Mercury 

(40) 

Exterior Wall: 

Non-Metalic 

Sodium Vapor 

: 

(9) 

Sprinklers: 

Bus Duct 

Transformer 

[Thickness 

[Bomnt Insul. 

(13) 

Roof Structure: 

Slope=0 

(5) 

Floor Cover: 

(10) 

Heating 

and Cooling: 

Gas 

Coal 

Hand Fired 

0il 

Stoker 

Boiler 

(14) 

Roof Cover: 

(6) 

Ceiling: 

*** 

Information herein deemed reliable 

but 

not guaranteed*** 

30

31

CANOPY/S/AV/1 STY 

24.5 sf 

Bo 

*** Information herein deemed reliable but not guaranteed*** 

73.4 

38.5 

1 9,5! 

1293.2 sf 

OFFICE/D/AV/1 STY 

5862.3 sf 

BSMT/FIN/OFFICE 

5862.3 sf 

—_— 

» 

15.4 

19.5’ 

31

32

09/03/2026 

Valuation Report 

01:56 

PM 

DB: 

Assessing-25 

W -13-03-452-028 

2025 

Est. 

T.C.V. 

ANBARI COMMERCIAL DEVELOPMENTS 

LLC 

Property Class: 

201 

4468 

W WALTON BLVD 

Map 

#: 

POST 

Township 

of Waterford 

WATERFORD, 

MI 

48329-4098 

Land Value Estimates 

for Land Table COF.Land Table COF 

* 

Factors 

* 

Description 

Frontage 

Depth 

Front 

Depth 

Rate 

%Adj. 

Reason 

Value 

150.00 200.00 

1.0000 0.0000 

0 

100% 

0 

30,012.800 

Sq 

Ft 

3.54 

100 

106,174 

* denotes 

lines that 

do not 

contribute 

to the 

total acreage calculation. 

150 Actual 

Front 

Feet, 

0.69 Total Acres 

Total 

Est. 

Land Value 

= 

106,174 

Land Improvement Cost Estimates 

Description 

Rate 

size 

% 

Good 

Cash Value 

D/W/P: 

4in Concrete 

7.71 

1293 

62 

6,181 

Commercial 

Local 

Cost 

Land Improvements 

Description 

Rate 

Size 

% 

Good Arch Mult 

Cash Value 

SPL-ParkingSpaces 

925.00 

40 

60 

100 

22,200 

Total Estimated Land Improvements True Cash Value 

= 

28,381 

Cost Estimates 

for Commercial/Industrial Building/Section: 

1 

Built 

2001 

Description 

of Occupancy: 

Building 

1, 

Section 

2 

Costs 

are taken 

from the Office Buildings 

cost schedules. 

<<< 

Calculator 

Cost 

Computations 

>>>>> 

Class: 

D 

Quality: 

Average 

Stories: 

1 

Story Height: 

12 

Perimeter: 

340 

Overall 

Building Height: 

24 

Base 

Rate 

for 

Upper 

Floors 

= 

142.00 

Office 

Basement 

Basement, 

Base 

Rate 

for Basement 

= 

105.29 

(Basement 

Fireproofing Rate 

= 

0.00) 

(10) 

Heating system: 

Package Heating 

& Cooling 

Cost/SqgFt: 

28.40 

100% 

Bsmnt Heating system: 

Package Heating 

& Cooling 

Cost/SqFt: 

28.40 

Adjusted Square 

Foot 

Cost 

for 

Upper 

Floors 

= 

170.40 

Adjusted Square 

Foot 

Cost 

for Basement 

= 133.69 

Total 

Floor Area: 

5,862 

Base 

Cost 

New 

of 

Upper 

Floors 

= 

998,885 

Basement 

Area: 

5,862 

Base 

Cost 

New 

of Basement 

= 

783, 691 

5,862 

Sq.Ft. 

of 

Sprinklers 

@ 

6.41, 

Cost 

New 

= 

37,575 

Reproduction/Replacement Cost 

= 

1,820,151 

Eff .Age:17 

Phy.%Good/Abnr.Phy./Func./Econ. 

/Overall $Good: 

71 /100/100/100/71.0 

Total Depreciated Cost 

= 

1,292,307 

<<< 

Segregated 

Cost 

Computations 

>>>>> 

Costs 

taken 

from Segregated Cost 

Section 

5: 

Offices, 

Banks, 

Hospitals 

Cost 

# 

or 

Height Storys 

Item Desciption 

Col. 

Rate 

SqFt 

Adj. 

Adj. 

Cost

33

09/03/2026 

Valuation Report 

01:56 

PM 

DB: 

Assessing-25 

Parcel 

Number: 

W -13-03-452-028 

Page: 

2 

Total 

Estimated True 

Cash Value 

of Commercial/Industrial Buildings 

= 

915,406 

2025 

Est. 

T.C.V. 

W -13-03-452-028 

= 

1,049,961 

Est. 

TCV/Total 

Floor Area 

= 

179.11, 

Most 

recent 

sale 

06/07/2024 

for 

850,000 

2024 Assessed 

MBOR 

S.E.V. 

Base 

for 

Cap 

IRM 

528,380 

528,380 

528,380 

498,390 

3.10 

2025 

New 

Eq. 

Adjustment 

Loss 

Additions 

Tax Adjustment 

Losses 

0 

-3,400 

0 

0 

26,590 

0 

2025 Assessed 

MBOR 

S.E.V. 

Capped 

->Taxable<- 

PRE/MBT 

524,980 

524,980 

524,980 

513,840 

524,980 

0

34

9/3/26, 2:32 PM 

18506 W 12 MILE RD Lathrup Village MI 48076-2676 APN: 2414226054 

| Crexi.com 

18505 W 12 MILE RD Lathrup Village MI 48076-2676 

Ideal Owner/User Building - High Profile Visibility 

/ Near Beaumont Hospital -- LOW RISE OFFICE « APN 2414226054 

To 

Vas: 

a 

N 

— 

a 

D 

~ 

—- 

Rl 

— 

ny 

i’ 

> 

| 

% 

= 

Jf 

/ 

- 

v 

3 

’ 

- 

— 

-< 

- 

© ViewMap [| & Street view | 

[ ® 3apnotos | 

| 

© Fer 

| 

S— 

~ 

Rd 

Sold for $550,000 on Aug 26, 2024 

Details 

Property Type 

Office 

Sub Type 

Creative Office, Executive Office 

Building SqFt 

4,838 

Lot SqFt 

21,998 

Acreage 

0.505 

Number of Units 

1 

Sold Date 

08/26/2024 

Sold Price 

$550,000 

Sold Price/SqFt 

$14 

Zoning Code 

[o] 

| 

Year Built 

1976 

Building Count 

2 

|" 

Opportunity Zone 

No 

Lease Rate 

$15.00/SF/YR 

Sold Price per Acre 

$1,089109 

Tax Year 

2025 

| 

Property History 

| 

Source 

Event 

Date 

Price 

$/SqFt 

Links 

v 

Broker Reported 

Listing removed 

Sep 9, 2025 

hs 

Public Record 

Sold 

Aug 26, 2024 

$550,000 

$113.68

35

Parcel Number: 

40-24-14-226-054 

Jurisdiction: 

City 

of Lathrup Village 

County: 

OAKLAND 

on 

09/02/2028 

Grantor 

Grantee 

Sale 

Sale 

Inst. 

Terms of Sale 

“Verified 

" Prent. 

Price 

Date 

Type 

& 

Page 

By 

Trans. 

"SOUTH 

OAKLAND SHELTEF 

"TOHQ 

EE 

"550,000 

08/16/2024 

WD 

03-ARM'S LENGTH 

50503:852 

PROPERTY TRANSFER 

100.0 

AMERICAN CANCER SOCIETY 

GRSOUTH OAKLAND SHELTER 

425,000 

01/28/2011 

LC 

04-BUYERS INTEREST 

IN A L42820:322 

NOT VERIFIED 

~100.0 

Property Address 

Class: COMMERCIAL-IMPROVE Zoning: 

ME 

Building Permit (s) 

“Date 

Number 

“status 

18505 

Ww 

12 MILE RD 

School: SOUTHFIELD PUBLIC SCH DIST 

Outbuildings 

"11/03/2017 4017SHED-023-1 

Closed 

] 

~ 

EE 

% 

i 

Ea 

ett Sa 

; 

_ 

i 

_ 

— 

— 

Owner's Name/Address 

 TTOnly: 

POST 

TOHQ, 

LLC 

+ 

mm 

— 

— 

a 

. 

V 

651 

: 

. 

17471 REVERE 

ST 

| 

2025 

Est TCV 

6 

1594 TCV/TFA: 134.68 

SE 

S— 

SE 

- 

SOUTHFIELD MI 

48076-7726 

Improve 

Vacant 

Land Value Estimates 

for 

Land Table COM.Land Table 

COM 

Public 

N 

"7% Factors 

* 

o 

TT 

Improvements 

Description 

Frontage 

Depth 

Front 

Depth 

Rate 

%Adj. 

Reason 

Value 

IE 

a 

200.00 110.00 1.0000 0.0000 

0 

100% 

0 

| 

Gravel Road 

COMMERCIAL RATE $4.93 

21998 SgFt 

4.93000 

100 

108,449 

TIN, 

RI1OE, 

SEC 

14 

Li 

X Paved Road 

* 

denotes lines 

that 

do not contribute 

to 

the total 

acreage calculation. 

CALIFORNIA BUNGALOW SUB NO 

2 LOTS 

841 

TO 

Storm Sewer 

200 Actual Front Feet, 

0.51 Total Acres 

Total Est. 

Land Value 

= 

108,449 

850 INCL, 

ALSO 

1/2 

OF VAC ALLEY ADJ TO 

x Sidewalk 

LL 

» 

oo 

Ce 

SAME 

— 

X ‘Water 

Comments/Influences 

X Sewer 

Land Improvement 

Cost Estimates 

TCL 211.70, 

SOUTH OAKLAND SHELTER, 

2012 

| 

X Electric 

Description 

Rate 

Size 

B Good 

Cash Jaws 

11/18/24 Other. 

Parcel sold. 

Return to 

X 

Gas 

Wood Frame 

25. 

0 

1 

roll. 

#46 

X 

curb 

Commercial 

Local 

Cost 

Land 

Improvements 

) 

Street 

Lights 

Description 

. 

Rate 

Size 

% 

Good Arch Mult 

Cash Value 

Standard Utilities 

PAl-AsphaltPaving 

) 

2.45 

14500 

aa 

100 

15,631 

Total 

Estimated Land 

Improvements 

True 

Cash Value 

= 

19,753 

Underground Utils. 

Topography 

of 

Site 

Level 

Rolling 

Low 

High 

Landscaped 

Swamp 

Wooded 

Pond 

Waterfront 

Ravine 

Wetland 

Flood Plain 

Year 

“Land 

Building 

Assessed 

Board of, Tribunal/ 

Taxable 

X 

Thru-Street 

Value 

Value 

Value 

Review 

Other 

Value 

Who 

When 

What 

2025 

54,220 

271,580 

325,800 

SE 

325,800C 

ee 

EN 

0 

Bl 546 11/18/2024 Other 

T2024 

EXEMPT, 

TUEXEMPT, 

EXEMPT 

Bh 

"EXEMPT 

The Equalizer. 

Copyright 

(c) 

1999 

2009. 

028 10/10/2023 

Other 

TI 

J 

| 

1 

Ta 

meme 

- 

~ 

3) 

Licensed To: 

County 

of Oakland, 

Michigan 

17 12/14/1999 Reappraisa 

I 

Ee 

NO 

Uo 

5553 

5 

. 

—5 

5" 

*** 

Information herein deemed reliable but 

not 

guaranteed*** 

35

36

Commercial/Industrial Building/Section 

1 

of 

1 

Parcel Number: 

40-24-14-226-054 

Printed 

on 

“Sect 

1 

Calculator Cccupancy: 

Office Buildings 

<<<LL< 

Class: 

C 

Calculator 

Cost 

Computations 

Quality: 

Average 

09/02/202¢ 

Class: 

C 

Construction Cost 

Stories: 

1 

Story Height: 

9 

Perimeter: 

27% 

Floor Area: 

4,838 

. 

— 

I 

Overall 

Building Height: 

9 

Gross Bldg Area: 

4,838 

High 

| 

Above Ave. | 

(Ave. 

;X 

Low 

Stories 

Above 

Grd: 

1 

** 

** 

Calculator Cost 

Data 

** 

** 

Base 

Rate 

for Upper Floors 

= 

136.85 

average Sty Hght 

: 

9 

Quality: 

Average 

Office Basement Basement, 

Base Rate 

for Basement 

= 95.70 

Bsmnt Wall Hght 

: 

9 

Heat$l: 

Package Heating 

& Cooling 

100% 

(Basement Fireproofing Rate 

= 0.00) 

wor Heat#2: 

No Heating 

or Cooling 

% 

‘Ave. 

SqFt/Story: 

4838 

(10) 

Heating system: 

Package Heating 

& Cooling 

Cost/SgFt: 

25.81 

100% 

Ave. 

Perimeter: 

279 

Bsmnt Heating system: 

Package Heating 

& 

Cooling 

Cost/SqFt: 

25.81 

Physical 

%Good: 

45 

Has Elevators: 

Adjusted Square 

Foot 

Cost 

for Upper Floors 

= 162.66 

Func. 

$%Good 

: 

100 

Adjusted Square 

Foot 

Cost 

for Basement 

= 121.51 

Economic $Good: 

100 

*** 

Basement 

Info 

*** 

n 

— 

. 

Total 

Floor Area: 

4,838 

Base Cost New of Upper Floors 

= 

786,949 

1976 Year Built 

Area: 

4838 

4 

_ 

1990 Remodeled 

Perimeter: 

279 

Basement Area: 

4,838 

Base 

Cost 

New 

of Basement 

= 

587,866 

Type: 

Office Basement 

. 

_ 

vera 

Heat: 

Package Heating 

& Cooling 

Reproduction/Replacement 

Cost 

= 

1,374,815 

Height 

Eff.Age: 40 

Phy.3%Good/Abnr. 

Phy. /Func. /Econ./Overall $Good: 

45 

/100/100/100/45.0 

— 

SS 

* Mezzanine 

Info 

* 

Total Depreciated Cost 

= 

618,667 

Comments: 

. 

: 

Area 

#1 

Type 

# 

ECF 

(E.C.F. 

Table COF) 

0.846 

=> TCV 

of Bldg: 

1 

= 

523,392 

Area 

#2 

Replacement Cost/Floor Area= 284.17 

Est. 

TCV/Floor Area= 108.18 

Type 

#2: 

* Sprinkler 

Info 

* 

Area: 

— 

_— 

Type: 

. 

— 

(1) 

Excavation/Site 

Prep: 

(7) 

Interior: 

(39) 

Miscellaneous: 

(2) 

Foundation: 

Footings 

(8) 

Plumbing: 

- 

TT 

~ 

we 

Outlets: 

Fixtures: 

oured Conc. 

Brick/Stone 

Block 

Many 

Average 

Few 

I 

me 

rm 

Above Ave. 

Typical 

None 

Few 

Few 

- 

. 

Average 

Average 

oo 

oo 

i 

Total 

Fixtures 

Urinals 

Many 

Many 

” 

3-Piece Baths 

Wash Bowls 

Unfinished 

Unfinished 

2-piece Baths 

Water Heaters 

‘Typical 

Typical 

Shower Stalls 

Wash Fountains 

_— 

- 

Mi 

— 

Toilets 

Water Softeners 

Flex Conduit 

Incandescent 

Rigid Conduit 

Fluorescent 

DE 

i. 

Armored Cable 

| 

Mercury 

(40) 

Exterior wal 

|Non-Metalic 

Sodium Vapor 

SE 

FE 

— 

75) 

Sprinklers: 

Bus 

Duct 

Transformer 

Thickness 

Bsmnt 

Insul 

TTTEY 

Fleer 

Cavern 

— 

- 

(13) 

Roof Structure: 

Slope=0 

Te 

B 

A 

5) 

Floor Cover 

(10) 

Heating and Cooling: 

Gas 

Coal 

Hand Fired 

i 

i 

- 

. 

SE 

0il 

Stoker 

Boiler 

(14) 

Roof Cover 

*** 

Information herein deemed 

reliable but 

not guaranteed*** 

36

37

Parcel Number: 

40-24-14-226-054, 

Commercial/Industrial 

Building 

1 

72.8 

66.5 

OFFICE/C/AV/1 STY 

4841.2 sf 

H=12 

BLDG 

1 SEC 1 

*** Information herein deemed reliable but 

not guaranteed*** 

72.8 

66.5 

Printed 

on 

09/02/2028 

37

38

RCV'D 

08/23/2024 

095380 

Liber 

59593 

Page 

852 thru 

834. 

OAKLAND COUNTY TREASURERS CERTIFICATE 

8/26/2024 

2:10:53 PM 

Receipt #000182804 

This is to Corti 

that there are no delinguent property 

$26.00 

Misc Recording 

axes as of 

this date owed to our office on this property. 

i 

No representation is made as to the status of any taxes, 

ao 

Remony mentation 

tax liens or titles owed to any other entities. 

y 

: 

utomation 

$4,730.00 

Transfer Tax 

8/23/2024 

PAID RECORDED 

- Oakland County, Ml e-recorded 

ROBERT WITTENBERG, County Treasurer 

Lisa Brown, Clerk/Register of Deeds 

6.00 

Sec. 135, Act 206, 1893 as amended 

~~ MIT 

STATE OF 

2023 

Not Examined 

M ICHIGAN 

Oakland 

Is 

8/26/2024 

000182504 

COVENANT DEED 

(Plated/Condominium) 

Drafted By: 

Return To: 

. 

Send Tax Bills To: 

Todd Burk, Chief Real Estate Officer 

~~ TOHQ, LLC 

TOHQ, LLC 

South Oakland Shelter 

17471 Revere Street 

17471 Revere Street 

46156 Woodward Avenue 

Southfield, MI 48076 

Southfield, MI 48076 

Pontiac, MI 48342 

i 

Recording Fee: $30.00 

i 

State Transfer Tax: 

$4,125.00 

Tax Parcel No.: 24-14-226-054 

: 

File Number: 1012443 

@H~ 

County Transfer Tax: 

$605.00 

. 

THIS CONVEYANCE is made this August 16, 2024, BETWEEN South Oakland Shelter, a Michigan non-profit 

corporation whose address is 46156 Woodward Avenue, Pontiac, MI 48342, Grantor, grants and conveys, TOHQ, LLC, 

a Michigan limited liability company whose address is 17471 Revere Street, Southfield, MI 48076, Grantee 

The Grantor, for and in consideration of the sum of Five hundred fifty thousand Dollars ($550,000.00) 

said sum having been paid by the Grantee, the receipt whereof is hereby confessed and acknowledged, all right title and 

interest in a certain parcel of land known and described as follows as situated in the City of Lathrup Village, County of 

Oakland, State of Michigan, to wit: 

(SEE ATTACHED EXHIBIT A) 

More commonly known as: 

18505 W 12 Mile Road, Lathrup Village, MI 48076 

Subject To: 

) 

Attached exhibit B - permitted exceptions 

Together with all and singular the hereditaments and appurtenances thereunto belonging or in anywise appertaining, and 

the reversion or reversions, remainder or remainders, rents, issues and profits thereof; and all the estate, right, title, 

interest, claim or demand whatsoever, of the Grantor, either in Law or Equity, of, In, and to the above bargained 

premises, with the said hereditaments and appurtenances; to have and to hold the premises as before described, with the 

appurtenances, unto the Grantee, their heirs and assigns, forever. 

. 

:

39

095380 

Liber 

59593 

Page 

853 thru 

(Attached to and becoming a part of Covenant Dee d dated: August 16, 2024 between South Oakland Shelter, a 

Michigan non-profit corporation, as Grantor(s) and TOHQ, LLC, a Michigan limited liability company, as Grantee(s).) 

County of 

State of Michigan 

/ 

Seller(s): 

South Qakland Shelter, a Michigan non-profit 

corporation 

’ 

By: 

Name Todd Burk 

7a 

Title: Chief Real Estate Officer 

The foregoing instrument was acknowledged before me 

this August 

_/Ge_, 20234py. 

Tedd Burk, Chief Real Estate 

Officer of South Oaklahd/SHeltdr, a Michigan non-profit 

corporation. 

7) 

7 

Notary Public: 

) 

Notary County/State: 

/ 

a 

County Acting In: 

A 

inc, 

Commission Expires: 

2-10-2030 

o 

, 

25 

< 

Rye ROTARY PUILIC ho 

+ COUNTY 

OF WAVE 

* 

J 

a, 

2, ts, ,, 

SF 1 

Dr 

an 

855

40

095380 

Liber 

59593 

Page 

854 thru 

835 

(Attached to and becoming a part of Covenant Deed dated: August 16, 2024 between South Oakland Shelter, a 

Michigan non-profit corporation, as Grantor(s) and TOHQ, LLC, a Michigan limited liability company, as Grantee(s).) 

EXHIBIT A 

i 

| 

Land situated in the City of Lathrup Village, County of Oakland, State of Michigan, described as follows: 

Lots 841, 842, 843, 844, 845, 846, 847, 848, 849, 850, including 1/2 vacated alley adjacent thereto of LOUISE 

LATHRUP'S CALIFORNIA BUNGALOW SUBDIVISION NO. 2, according to the plat thereof recorded in Liber 31 of Plats, 

page 47 of Oakland County Records. 

. 

Tax Parcel Number: 24-14-226-054 

Commonly known as: 18505 W 12 Mile Road, Lathrup Village, M1 48076

41

095380 

Liber 

59593 

Page 

855 thru 

855 

EXHIBIT B 

Permitted Exceptions 

Taxes and assessments not due and payable at Policy Date. 

Building and use restrictions and other terms covenants and conditions, but deleting any covenant, 

condition or restriction indicating a preference, limitation or discrimination based on race, color, religion, 

sex, handicap, familial status or national origin to the extent such covenants, conditions or restrictions 

violate 42 USC 3604 (c), disclosed by instrument recorded in Liber 63MR, page 114, 

Easement for public utilities over that portion of land included in the vacated Alley as evidenced by 

instrument recorded in Liber 5365, page 523. 

The rights of the lot owners of Louise Lathrup's California Bungalow Subdivision No. 2 in and to the use 

of the vacated portion of Alley. 

Survey by AB&SB Land Survey, P.C, dated June 24, 2024, Job No. 2024-06-11-183-MP, discloses the 

following: 

! 

a. Gas crossing property and property lines without the benefit of a recorded easement, 

b. Electric and manhole on property without the benefit of a recorded easement. 

¢. Wall inside Southerly property line and crossing Easterly and Westerly property lines. 

d. Shed encroaches onto recorded easement in Liber 5365, page 523.

42

18505 W 12 Mile Rd 

Oakland County, Ml 

_ Flight date: April 28, 2025 

) 

2414226043 

of 

ak 

2414226042 

¥ 

\ 

ESTOSMEIES, 

| 

J 

https: //obliqueanalyst.sanborn.com/oakgov/?embed=true?ll=42.502025,-83.227790&z0om=0 

>

43

Lathrup Village Zoning 

9/1/2026, 3:14:35 PM 

Lathrup Village Zoning [T7771] Multiple Family BI commercial - Vehicular 

Background 

[I single Famity 

WE pubic Service J Mixed Use 

== Cluster Housing | Office 

== Village Center 

1:22,859 

0 

013 

0.25 

0.5 mi 

I 

L 

In 

1 

1 

1 

1 

1 

Pm 

re 

Ce TP 

JRE Te 

a 

| 

0 

0.23 

0.45 

0.9 km 

43

44

CONCLUSION 

The Income Approach, and Sales Comparison Approach have been considered in this 

report to defend our opinion of True Cash Value. 

The Cost Approach was considered 

but 

with 

the 

amount 

of depreciation 

of 

the 

building 

this 

would 

not 

be 

a 

good 

determination of value. 

This property has several office tenants and 

a storage facility 

which 

is rented out both on the inside and outside. 

The Income Approach and the 

Sales Comparison approach was used to determine a value for the subject property. 

All 

three comparable sales for the Sales Comparison Approach are office buildings. 

Two 

are very close to the subject but lacks the land and the storage portion. 

The third is an 

office building with limited land and there is not a storage facility. 

It was difficult to find 

an identical sale to the subject due to the large land size and the storage units. 

Sale A 

and B are close by and gives a good indicator of value for office buildings in the area. 

Sale C is similar in size to the office building portion of the subject it just lacks the land 

size and storage facility. 

| also reviewed mini warehouse storage unit sales and the 

sale price per square foot was 

in the same range as Sale C. 

All three sales are 

in 

Oakland County. 

The market Income Approach was used by using market rates from 

Crexi and determining a value. 

A combination of the Income and the Sales Comparison 

Approach 

is 

the 

best 

indicator 

of value 

in 

this 

situation. 

The 

Sales Comparison 

Approach 

is based upon sales of the most similar properties and use as the subject 

property. 

Both approaches to value are a good indicator of value. 

The subject property is a 9,482 square foot office building with a 5,838 square foot mini 

warehouse storage facility located on Highland Road (M-59) just west of Williams Lake 

Road 

in Waterford Township. 

This property is zoned C-4 Extensive Business. 

There 

was an exterior review of the property done on August 21, 2026 and then a review for 

work permits done 

in July of 2020. 

. 

The neighborhood for the subject is residential

45

immediate economic neighborhood 

is also used to determine the economic condition 

factor that is applied to the subject property. Proposal A provides that, after a transfer of 

ownership, the taxable value is uncapped and becomes the following years’ assessed 

value times the Consumer Price Index or 5%, whichever is less, and then becomes the 

new owner's taxable value. 

The exterior of the property was reviewed onsite on August 21, 2026. 

The exterior 

review indicated a nicely maintained building. 

There were some interior modifications 

made in 2020. 

That is the last known update to the building. 

The property is on the 

main highway through the Township and has high traffic rates along with being near 

many 

commercial 

buildings 

and 

across 

from 

the 

Oakland 

County 

Airport. 

The 

commercial office property has plenty of parking for the employees and customers. 

According to Michigan compiled Laws 205.737(3) “the petitioner has the burden of proof 

in establishing the true cash value of the property...” The value of the parcels was 

determined by mass appraisal and sales of similar properties used 

to determine the 

increase 

in value due to the market. 

The valuation has demonstrated that using the 

Income Approach 

the value 

for 

the 

property should 

be $1,200,000 

for 

the 2025 

assessment year. 

The Sales Comparison Approach was also looked at to determine 

value for the 2025 year the value of the property is determined to be $1,200,000. 

The 

value from both the Sales Comparison approach and the Income approach seem to 

indicate the same value. 

Therefore, based on the information provided herein, we have demonstrated that the 

parcel 

in the condition as of December 31, 2024, would have a True Cash Value of 

$1.200,000. 

Finally, the Assessed Value for 2025 should be $600,000 and the Taxable 

Value shall remain at $509,130.

46

Appendix

47

Office Analysis 

PREPARED BY 

PM 

Paula Moore 

5200 Civic Center Dr 

Waterford Township, MI, 48329

48

Sales Comp Insights 

Data based on 29 records 

Sold Price 

$1.5M 

Median Price 

8 

IL! 

$511M 

$300k 

$620k 

Total 

Square Footage 

12.5k 

10k 

- 12.3k 

Median SqFt 

12.3k - 14.6k Tr. 

387k 

14.6k - 16.9k 

Total SqFt 

16.9k 

- 19.2k 

Acreage 

1 

20 

Median Acres 

44 

Total Acres 

0 

Cap Rate 

Sold Price / SqFt 

$940k 

$1.3M 

$1.6M 

$1.9M 

$2.2 

$117 

$0-70 

Median Price 

$70 - 140 | 

/ SqFt 

$140 - 210 

$210 - 280 

Sold Price / Acre 

$1.2M 

6 

Median Price 

/ Acres 

0 

0- 

700k 

Year Built 

700k - 

1 

1.4M

49

Days On Market 

440 

2,494 

Median DOM 

High 

Sold Price / Unit 

$1.5M 

72 

Low 

$3.6M 

$101.5k 

Median Sold Price / Unit 

High 

Low 

Commercial Lease Comp Insights 

Data based on 86 records 

Rate / SqFt 

Monthly 

Annual 

20 

0 

$1/SF 

Median Rate 

Days On Market 

$0.00 

Units 

1 

6 

Median Units 

High 

$1 

$2 

$3 

Lease Term Yearly 

10 

5-6 

Median LTY 

6-7 

Low 

$4

50

Square Footage 

Median SqFt 

2,300 - 4,600 

4,600 - 6,900 

6,900 - 9,200 

Demographic Insights 

Showing results based on current map view 

Population 

4.5M 

4.5M 

4.4M Lee 

4.3M 

2020 

2021 

Top Brands By Location Count 

1. 136 Territorial Rd 

6. 253 Park St 

1 locations 

1locations 

2.150 North Main St... 

7. 55 West Canfield ... 

1 locations 

1 locations 

3.164 Speed Way 

8. 589 

W Main St 

1 locations 

1 locations 

4, 225 Ludington Li... 

9. 5lfth Quarter Spo... 

1 locations 

1 locations 

5.235 W Main St 

10. 600 Gladstone 

1 locations 

1locations 

0% 

T 1% 

Compared to 44M in 2023 

Compared to 4.4M in 2020 

2022

51

Household Income 

$76.6k 

$95.2k 

Median Income 

2029 Estimate 

Over $150K 

Under $25K 

| 

> 

— $25K - $50K 

$100K - $150K =" 

$50K - $100K 

Age Demographics 

40 

42 

Median Age 

2029 Estimate 

Over 65 

Under 20 

45 

- 65 = 

=~~20-25 

25-45 

T 24% 

Growth Rate 

T a% 

Growth Rate

52

Number of Employees 

3.6M 

Top Employment Categories 

Educational services, and ... 

Manufacturing 

Professional, scientific, an... 

DAatail vada 

Housing Occupancy Ratio 

10:1 

occupies I 

14:1 predicted by 2029 

Vacant 

Renter to Homeowner Ratio 

1:2 

Renters

53

Lease Insights 

PREPARED BY 

PM 

Paula Moore 

5200 Civic Center Dr 

Waterford Township, MI, 48329

54

Overview 

Data based on 293 spaces 

Asking Rate / SqFt 

Monthly 

Annual 

700 

0 

$2/SF 

$0.00 

Median Rate 

Days On Market 

510 

3337-241 [J] 

Median DOM 

2,411 -1,485 

1,485 - 559 

559 - -367 

Demographic Insights 

Showing results based on current map view 

Population 

4.5M 

$0.60 

$1 

$2 

$2 

$3 

$¢ 

Square Footage 

3,009 

0-000 [EN 

Median SqFt 

4,000 - 8,000 

8,000 - 12k 

12k - 16k 

T 1% 

0% 

Compared to 4.4M in 2020 

Compared to 4.4M in 2023

55

Household Income 

$76.6k 

$95.2k 

Median Income 

2029 Estimate 

Over $150K 

Under $25K 

A 

$100K - $150K—" 

$25K - $50K 

$50K - $100K 

Age Demographics 

40 

42 

Median Age 

2029 Estimate 

over 65 

Under 20 

45 - 65 — 

20-25 

25 

- 45 

T 24% 

Growth Rate 

T a% 

Growth Rate

56

Number of Employees 

3.6M 

Top Employment Categories 

Educational services, and ... 

Manufacturing 

Professional, scientific, an... 

Datail trada 

Housing Occupancy Ratio 

10:1 

occuie 

14:1 predicted by 2029 

Vacant 

Renter to Homeowner Ratio 

1:2 

Renters

57

Warehouse/Storage Sales 

PREPARED BY 

PM 

Paula Moore 

5200 Civic Center Dr 

Waterford Township, MI, 48329

58

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[orth ranch |g 

y-@>- J 

( 

| 

SAR 

Q 

Clio 

9 

{ 

| 

bu 7 © 

? 

: 

a 

Swati Creek 

Pe 

Grand Blanc 

Ny 

y 

“a 

< 

-Goagle Sa Arbor 

Type 

Address 

Property Type 

SF 

Sold Price 

155 NARRIN ST Ortonville MI 48462-8869 

Self Storage 

24,200 

$1,915,000 

869 ORCHARD LAKE RD Pontiac MI 48341-2781 

Industrial, Mixed Use, 

2128 

$330,000 

Office, Retail, Self 

Storage 

6750 OAK HILL RD Ortonville MI 48462-9193 

Industrial, Self Storage 

4,896 

$400,000 

5421 PERRY DR Waterford MI 48329-3462 

Self Storage 

4824 

$800,000 

32841 PARKLANE ST Garden City MI 48135-1529 

Industrel, Mixed Use, 

18,610 

$1,200,000 

tall, 

Self 

Storage 

33833 GARNET ST Clinton Township MI 48035 

Retall, Self Storage 

1,256 

$1,550,000 

5302 RICHFIELD RD Flint M| 48506-2219 

Self Storage 

2,354 

$1,200,000 

8034 N MCKINLEY RD Flushing MI 48433-8801 

Retall, Self Storage 

3,200 

$225,000 

Sales Comp Insights 

Data based on 8 records 

Sold Price 

2 

$1.2M 

Median Price 

[] 

- 

$7.6M 

$200k 

$380k 

$560k 

$740k 

$920k 

SLIM 

$13M 

 $1.5M 

 §16M 

 $18M

59

Acreage 

1 

4 

Medlan Acres 

10 

Total Acros 

0 

Cap Rate 

7.5% 

Median Asking Cop Rote 

Days On Market 

127 

Median DOM 

Sold Price / Unit 

$800k 

Median Sold Price / Unit 

Commercial Lease Comp Insights 

Data based on 18 records 

Rate / SqFt 

Monthly 

Annual 

$0.80/SF 

Madian Rate 

Days On Market 

Sold Price / Acre 

$641.9k 

1 

Median Price / 

Acres 

0 

200k- 

 350k- 

500k- 

650k - 

1-2 

2-2 

2-3 

350k 

500k 

650k 

800k 

Year Built 

7.2% 

1981 

2016 

1957 

Median Sold Cap Rate 

Median Year Built 

High 

Low 

Units 

350 

54 

1 

1 

1 

High 

Low 

Median Units 

High 

Low 

$1.9M 

$330k 

High 

Low 

9 

0 

$0.00 

$1 

$2 

$3 

$4 

$s 

Lease Term Yearly 

2 

0 ER 

Median LTY 

15-30 

30-45

60

Square Footage 

Median SqFt 

900 -1,800 

1,800 - 2,700 

2,700 - 3,600 

Top Brands By Location Count 

1. Color Factory Powder Coating... 

1locations 

2. Foundation For Future Prosp... 

1locations 

3. Hubbard Street 

1 locations 

4. Keep Safe Self Storage 

1locations 

5. Land Holdings Plus 

1locations 

6. Ortonville Mini Storage 

1 locations 

7. Parklane 2 

1locations 

8. Revsix Data Systems 

1 locations 

9, U-Store Now 

1locations

61

155 NARRIN ST Ortonville MI 48462-8869 

Sold for $1,915,000 on Dec 8, 2025 

| 

Details 

Property Type 

Self Storage 

Building SqFt 

24,200 

Lot SqFt 

108,595 

Acreage 

2.493 

Number of Units 

1 

Sold Date 

12/08/2025 

Sold Price 

$1,915,000 

Sold Price/SqFt 

$79 

Zoning Code 

w 

Year Built 

1998 

Building Count 

4 

Opportunity Zone 

No 

Lease Type 

Gross 

Mortgage Amount 

$926,250 

Interest Rate © 

619% 

Mortgage Recording Date 

12/08/2025 

Property History 

Source 

Event 

Date 

Price 

$/SqFt 

Links 

N 

Public Record 

Sold 

Dec 8, 2025 

$1,915,000 

$7913 

v 

Broker Reported 

Listing removed 

Aug 12,2025 

v 

Broker Reported 

Active 

Nov 22, 2022 

$1,915,000 

$7913

62

v 

2024 

$13,927 

$413,610 

Contact Information 

500/500 credits remaining this month. Credits will refresh on October 01, 2026, 

Mivw 

Contact Infaimation 

Ownership Information 

FIVE STAR STORAGE ORTONVILLE LLC 

Mailing Address 

4770 GROVELAND RD... 

Mailing Carrier Code 

R003 

Owner Name 

FIVE STAR STORAGE... 

Owner 1 Corp Indicator 

True 

Owner 1 Ownership Rights 

Company or Corporation 

Zoning 

W 

Special 

Workplace 

View (hitpsi//cms2.revize.com/revize/ortanville/Documents/Government/ortonville_zoning_ordinance_9-28-2015,pdf) municipality zoning documents 

/ Commercial 

+ Industrial 

X ADU (local) 

X ADU (state) 

X General residential 

X Multifamily 

X Short term rentals 

X Single family 

X Two family 

What can | build here? 

Can 

| do sh 

Q 

 Viewall 52 uses

63

Additional Details 

Property Photos 

| 

I 

I I

64

Comparable Properties 

Address 

Price per Sq. Ft. 

5912 WILLIAMS LAKE RD... 

$7 

3215 TRI PARK DR GRAND BLANC ... 

$14 

4040 E BRISTOL RD BURTON MI... 

$8 

3591 DAVISON RD LAPEER MI 48446 

$40 

776 S ELBA RD LAPEER MI 48446 

$28 

3502 GOREY AVE FLINT MI 48506 

$104 

3565 GENESEE RD LAPEER MI 48446 

$35 

5284 GENESEE RD LAPEER MI 48446 

$5 

852 S MAPLELEAF RD LAPEER MI... 

$15 

395 DEMILLE RD LAPEER MI 48446 

$14 

Lease Data 

Building Overview 

Tenancy 

Multi 

Space History 

Matching Spaces 

All Spaces 

Yearly 

~ 

Space 

Status 

v 

Update 

Tenants 

Sold Price 

$270,000 

$110,000 

$190,000 

$1,300,000 

$515,000 

$790,000 

$600,000 

$55,000 

$132,000 

$178,625 

Number of Units 

Event Date 

05/29/2025 

1 

Rate 

Building Squar... 

Date Sold 

36,322 SF 

06/14/2022 

8,000 SF 

07/05/2022 

22,692 SF 

02/25/2019 

32,200 SF 

06/14/2017 

18,720 SF 

12/03/2014 

7600 SF 

05/31/2016 

17,300 SF 

07/02/2012 

11,616 SF 

02/25/2000 

8,776 SF 

04/19/1999 

12,900 SF 

10/01/1987 

Building Square Feet 

24200 

Source 

Links

65

Christopher Travis 

[] 

.1408 

com @ 

sesaVis@e 

Sl Ai 

Climate Risk for 48462-8869 

Flood Zone 

This property Is located In Zone X (unshaded) © 

Flood Factor 

This property has a minimal Flood Factor™, 

Flood Risk Over Time 

0% 

0% 

0% 

o% 

0% 

0% 

0% 

oy 

Sy 

10y 

15y. 

20y 

25y 

30y 

Within the next 30 years, this property has a 0% chance of 

any flood water reaching the building at least once. 

View more In-depth climate risk data on First Street 

Technology. 

Inc 

Mark Floria 

100.000.5600 @ 

wrenntis@emsesssanasscom @ 

ANKE STORAGE 

Fire Factor 

i Minimal 

This property has a minimal Fire Factor”, 

Fire Risk Over Time 

Data Unavallable for this Property 

View more in-depth climate risk data on First Street 

Technology. 

Inc

66

869 ORCHARD LAKE RD Pontiac MI 48341-2781 

i 

| 

© 

View Map 

I 

Sold for $330,000 on Sep 17, 2025 

| 

Details 

Property Type 

Industrial, Mixed Use (+3) 

Sub Type 

Building SqFt 

2128 

Lot SqFt 

Acreage 

04115 

Number of Units 

Sold Date 

09/17/2025 

Sold Price 

Sold Price/SqFt 

$155 

Zoning Code 

Year Built 

1957 

Building Count 

Opportunity Zone 

No 

Sold Price per Acre 

Tax Year 

2025 

Tax Assessed Value 

Property History 

Source 

Event 

Date 

Price 

v 

Broker Reported 

Sold 

Dec 18, 2025 

Vv 

Public Record 

Sold 

Sep 17, 2025 

$330,000 

v 

Public Record 

Sold 

Apr 2,2024 

$130,000 

v 

Public Record 

Sold: Multi APN... 

Apr 2,2024 

$130,000 

Flex 

5,009 

1 

$330,000 

(o5] 

2 

$2,869,565 

$4,163 

$/SqFt 

Links 

$155.08 

$61.09 

$61.09

67

bl 

2025 

$4163 

$75,910 

v 

2024 

$3,794 

$75,910 

Contact Information 

500/500 credits remaining this month, Credits will refresh on October 01, 2026. 

View 

Contact Information 

Ownership Information 

MORRISON DON E 

bio 

Malling Address 

869 ORCHARD LAKE RD... 

Malling Carrier Code 

C069 

Owner Name 

MORRISON DON E 

Owner 1 Middle Name 

E 

Zoning 

C1 

Mixed 

Mixed Use 

Local Business Residential Mixed Use 

View (httpsi/Awww.codepublishing.com/MI/Pantiac/) municipality zoning documents 

A mixed use district designed to accommodate housing units for smaller households and to provide services that cater to the needs of 

the surrounding residential neighborhood, Businesses which might tend to be a nuisance to the immediate surrounding residential 

Show more 

VEC 

v 

Vv 

rial 

+/ Multifamily 

X ADU (local) 

X ADU (state) 

X Short term rentals 

X Single family 

X Two family

68

Building Detalls 

Location Details 

Additional Details 

Property Photos 

Buje N= 

| 

Comparable Properties 

Address 

62 W SPEED WAY PONTIAC ML... 

Price per Sq. Ft. 

$522 

$798 

Sold Price 

$660,000 

Building Squar... 

1264 SF 

Date Sold 

06/05/2026 

04/14/2026

69

123 N SAGINAW ST PONTIAC MI... 

$62 

$155,000 

2,499 SF 

10/24/2025 

3005 PONTIAC LAKE RD... 

$155 

$200,000 

1,292 SF 

03/03/2026 

1095 W HURON ST WATERFORD MI... 

$103 

$245,000 

2,385 SF 

04/09/2025 

Lease Data 

Building Overview 

Number of Units 

Building Square Feet 

1 

2128 

Contacts 

SOLD ON FEBRUARY 28, 2024 BY: 

SOLD ON DECEMBER 18, 2025 BY: 

=) 

Actavia Kattula 

Brianna Card 

WR 

00,8800 

BC 

.....e301 ® 

sesiviak@seess.com @ 

es dNNa@essarenniesssan,net 

©] 

ORK§RA 

View Profile 

View Profile 

Climate Risk for 48341-2781 

Flood Zone 

Fire Factor 

This property is located in Zone X (unshaded) 

® 

Minimal 

Flood Factor 

1 

| ABE, 

Minimal 

, 

1 

FE 

This property has a minimal Fire Factor™, 

“ 

Fire Risk Over Time 

This property has a minimal Flood Factor™, 

Data Unavailable for this Property 

Flood Risk Over Time 

View more In-depth climate risk data on First Street 

o% 

o% 

o% 

0% 

0% 

0% 

0% 

Technology.Inc 

oy 

sy 

1oy 

15y 

20y 

28y 

30y 

Within the next 30 years, this property has a 0% chance of 

any flood water reaching the building at least once.

70

6750 OAK HILL RD Ortonville MI 48462-9193 

Sold for $335,000 on Sep 20, 2022 

| 

Details 

Property Type 

Building SqFt 

Acreage 

Sold Date 

Sold Price/SqFt 

Year Bult 

Opportunity Zone 

Tax Year 

Property History 

Source 

Event 

v 

Broker Reported 

On Hold 

v 

Public Record 

Sold 

v 

Public Record 

Sold 

v 

Public Record 

Update 

Industrial, Self Storage 

4,896 

0.688 

12/07/2022 

$80 

1980 

No 

2025 

Date 

Dec 7,2022 

Sep 20, 2022 

Feb 8, 2019 

Feb 8, 2019 

— 

© View Map 

J Street View 

Sub Type 

Lot SqFt 

Number of Units 

Sold Price 

Zoning Code 

Building Count 

Sold Price per Acre 

Tax Assessed Value 

Price 

$400,000 

$335,000 

$150,000 

Flex, Warehouse 

29,969 

1 

$400,000 

cA 

1 

$581,395 

$4,218 

$/SqFt 

Links 

$80.00 

$68.42 

$30.64

71

Contact Information 

500/500 credits remaining this month. Credits will refresh on October 01, 2026. 

Ownership Information 

OAKHILL HOMES LLC 

Mailing Address 

6586 OAK HILL RD... 

Mailing Carrier Code 

Owner Name 

OAKHILL HOMES LLC 

Owner 1 Corp Indicator 

Owner 1 Ownership Rights 

Company or Corporation 

Zoning 

C41 

Commercial 

Neighborhood Commercial 

Local Commercial 

View (https:/zoneomics.com/code/brandon-charter-township-Mi) municipality zoning documents 

/ Commercial 

X ADU (local) 

X ADU (state) 

X General residential 

X Industrial 

X Multifamily 

X Two family 

What can 

| build here? 

Can 

| open a daycare center? 

Q 

View all 43 uses 

R002 

X Short term rentals 

Last updated Aug 18,2026 

For deeper zoning detalls, reports are available at Zoneormics (LMIRs/AnW.20080mIcs.com/zoning-mapslresourca=crex) 

Property Details 

X single family

72

Property Photos 

Comparable Properties 

Address 

Price per Sq. Ft. 

Sold Price 

Building Squer... 

Date Sold 

3340 WARREN DR WATERFORD MI... 

$19 

$50,000 

2,625 SF 

03/25/2026 

4310 LESSING ST WATERFORD MI... 

$23 

$150,000 

6,390 SF 

05/22/2025 

5421 PERRY DR WATERFORD ML... 

$166 

$800,000 

4,824 SF 

08/21/2025 

4500 PONTIAC LAKE RD... 

$170 

$700,000 

4109 SF 

01/08/2026 

4495 HIGHLAND RD WATERFORD ... 

$167 

$800,000 

4789 SF 

06/26/2025 

588 S LAPEER ROAD OXFORD ML... 

$264 

$1,600,000 

6,054 SF 

0115/2025 

10816 DIXIE HWY DAVISBURG MI... 

$68 

$450,000 

6,600 SF 

11/04/2022 

4281 SAGINAW TRL WATERFORD MI... 

$64 

$270,000 

4,200 SF 

08/28/2023 

2627 WILLIAMS DR WATERFORD ML... 

$58 

$275,000 

4,752 SF 

12/21/2023 

5380 HIGHLAND RD WATERFORD ... 

$54 

$330,000 

6160 SF 

08/30/2023 

Lease Data 

Building Overview 

Number of Units 

Building Square Feet 

Asset Class 

1 

4896 

B 

Tenants 

2 tenants

73

Bob Waun & 

000.9286 @ 

bob@ssessssser.com @ 

Climate Risk for 48462-9193 

Flood Zone 

This property Is located in Zone X (unshaded) © 

Flood Factor 

[7 Major 

AER. 

This property has a major Flood Factor”, Because the 

environment Is changing, the annual risk to this building is 

increasing. 

Flood Risk Over Time 

450% 

240% 

 3970% 

520% 

62.00% 

69.80% 

76.00% 

oy 

Sy 

10y 

15y 

20y 

25y 

oy 

Within the next 30 years, this property has a 76.00% chance 

of any flood water reaching the building at least once. 

View more in-depth climate risk data on First Street 

Technology. 

Inc 

Fire Factor 

fia) Minimal 

This property has a minimal Fire Factor”, 

Fire Risk Over Time 

Data Unavailable for this Property 

View more in-depth climate risk data on First Street 

Technology. 

Inc

74

5421 PERRY DR Waterford MI 48329-3462 

® View Map 

— 

4. Street View 

Sold for $800,000 on Aug 21, 2025 

| 

Details 

Property Type 

Self Storage 

Building SqFt 

4,824 

Lot SqFt 

93,741 

Acreage 

2152 

Number of Units 

1 

Sold Date 

08/21/2025 

Sold Price 

$800,000 

Sold Price/SqFt 

$166 

Zoning Code 

M1 

Year Built 

2007 

Building Count 

1 

Opportunity Zone 

No 

Lease Rate 

$2.25/SF/YR 

Mortgage Amount 

$900,000 

Interest Rate © 

6.72% 

Mortgage Recording Date 

08/21/2025 

Property History 

Source 

Event 

Date 

Price 

$/SqFt 

Links 

v 

Public Record 

Sold 

Aug 21,2025 

$800,000 

$165.84 

i 

Broker Reported 

Sold 

Aug 15, 2025 

v 

Public Record 

Sold 

Aug 22,2006 

$215,000 

$4457

75

v 

2025 

$4,919 

$139,390 

v 

2024 

$4,817 

$140,340 

Contact Information 

500/500 credits remaining this month. Credits will refresh on October 01, 2026, 

View 

Contact Information 

Ownership Information 

MAIN ENTERPRISES LLC 

dn 

Mailing Address 

21355 TELEGRAPH RD... 

Malling Carrier Code 

C020 

Owner Name 

MAIN ENTERPRISES LLC 

Owner 1 Corp Indicator 

True 

Owner 1 Ownership Rights 

Limited Liability Partnership 

Zoning 

M-1 

Industrial 

Light Industrial 

Light Industrial 

View (https://waterfordmi.gov/DocumentCenter/View/299/Waterford-Township-Zoning-OrdinanceNo-135-APDF?bidld=) municipality zoning documents 

/ Commercial 

+/ Industrial 

X ADU (local) 

X ADU (state) 

X General residential 

XK Multifamily 

X Short term rentals 

X single family 

X Two family 

What can 

| build here?

76

Location Detalls 

Additional Details 

Property Photos 

Comparable Properties 

Address 

161 PINGREE AVE PONTIAC MI 4834... 

62 W SPEED WAY PONTIAC MI... 

7 STRAIGHTAWAY DR PONTIAC ML... 

869 ORCHARD LAKE RD PONTIAC ... 

3220 W AUBURN RD ROCHESTER ... 

18 STRAIGHTAWAY DR PONTIAC ML... 

600 W HURON ST PONTIAC Ml... 

Price per Sq. Ft. 

$56 

$522 

$514 

$155 

$290 

$514 

$32 

Sold Price 

$95,000 

$660,000 

$650,000 

$330,000 

$595,000 

$649,900 

$210,975 

Bullding Squar... 

1,687 SF 

1,264 SF 

1,264 SF 

2,128 SF 

2,016 SF 

1,264 SF 

6,519 SF 

Date Sold 

02/03/2026 

06/05/2026 

04/01/2026 

09/17/2025 

05/01/2026 

10/31/2024 

09/26/2023

77

Number of Units 

1 

Space History 

Matching Spaces 

All Spaces 

Yearly 

~ 

Space 

Status 

v 

Update 

v 

Update 

v 

Update 

v 

Update 

v 

Update 

v 

Update 

v 

Update 

v 

Update 

Contacts 

SOLD ON AUGUST 15, 2025 BY: 

Brian masserman 

0e,00,3838 @ 

srlan@eesssseescom @ 

Climate Risk for 48329-3462 

Flood Zone 

This property Is located in Zone X (unshaded) 

Flood Factor 

Building Square Feet 

4824 

Event Date 

05/02/2025 

05/02/2025 

05/02/2025 

05/02/2025 

05/02/2025 

05/02/2025 

05/02/2025 

05/02/2025 

Rate 

Source 

Links 

$2.25/SF/YR 

$9.60/SF/YR 

$2.00/SF/YR 

$2.64/SF/YR 

$10.00/SF/YR 

$2.33/SF/YR 

$4.40/SF/YR 

$2.50/SF/YR 

SOLD ON AUGUST 15, 2025 BY: 

A 

Cameron Vale 

100,000,0391 @ 

Leaf ONV@ssssssase.com @ 

Fire Factor 

Minimal

78

79

32841 PARKLANE ST Garden City MI 48135-1529 

Garden City, Michigan 

Sold for $1,200,000 on Jun 14, 2022 

| 

Details 

Property Type 

Building SqFt 

Acreage 

Sold Price 

Zoning Code 

Building Count 

Lease Rate 

Tax Year 

Property History 

Source 

v 

Broker Reported 

v 

Public Record 

bd 

Public Record 

Industrial, Mixed Use (+2) 

18,610 

0.587 

$1,200,000 

M1 

1 

$10.00/SF/YR 

2025 

Event 

Date 

Listed for sale 

Apr 22,2025 

Sold 

Jun 14, 2022 

Sold: Multi APN... 

Jun 14,2022 

Sub Type 

Lot SqFt 

Sold Date 

Sold Price/SqFt 

Year Built 

Opportunity Zone 

Sold Price per Acre 

Tax Assessed Value 

Price 

$1,200,000 

$1,200,000 

Auto Shop, Manufacturing (+1) 

25,553 

06/14/2022 

$64 

1974 

No 

$2,045,687 

$14,046 

$/SqFt 

Links 

$64.48 

$64.48

80

Ownership Information 

MWS REAL ESTATE LLC 

A 

Mailing Address 

PO BOX 788 BIRMINGHAM ... 

Mailing Carrier Code 

B207 

Owner Name 

MWS REAL ESTATE LLC 

Owner 1 Corp Indicator 

True 

Owner 1 Ownership Rights 

Company or Corporation 

Zoning 

M-1 

Industrial 

Light Industrial 

Light Industrial 

View (hitps://zoneomics.com/code/garden-city-MI) municipality zoning documents 

/ Commercial 

+/ Industrial 

X ADU (local) 

X ADU (state) 

X General residentiol 

X Multifamily 

X Short term rentals 

X single family 

X Two family 

What can 

| build here? 

Can 

| do sh 

Q, 

View all 26 uses 

Last updated Aug 18, 2026 

For deeper zoning details, reports are available at Zongomics (Mpa. Ava 

zongamics.com/zoning-mapsliesource=crex) 

Property Details 

Lot Detalls 

v

81

Property Photos 

Comparable Properties 

Address 

11900 MIDDLEBELT RD LIVONIA ML... 

29222 GRAND RIVER AVE... 

23810 MICHIGAN AVE DEARBORN ... 

22266 MICHIGAN AVE DEARBORN... 

22000 GRAND RIVER AVE DETROIT... 

19049 W WARREN AVE DETROIT MI... 

13925 MARK TWAIN ST DETROIT Ml... 

Price per Sq. Ft. 

$77 

$103 

$40 

$64 

$1 

$6 

Sold Price 

$1,697,500 

$965,000 

$429,755 

$675,000 

$16,000 

$60,000 

$53,000 

Building Squar... 

22,012 SF 

9,388 SF 

10,800 SF 

10,466 SF 

15114 SF 

9,530 SF 

12,390 SF 

Date Sold 

03/10/2022 

02/08/2022 

08/13/2015 

12/23/2014 

10/16/2015 

11/16/1999 

1113/2025

82

Building Overview 

Tenancy 

Bullding Square Feet 

Asset Class 

Multi 

18610 

A 

Space History 

Matching Spaces 

All Spaces 

Yearly 

v 

Space 

Status 

Event Date 

Rate 

Source 

Links 

v 

Unit3 

Lease Signed 

04/03/2026 

$10,00/SFIYR 

Broker Reported 

v 

Unit 2 

Lease Signed 

04/03/2026 

$10.00/SFIYR 

Broker Reported 

v 

Unit1 

Lease Signed 

04/03/2026 

$10,00/SF/YR 

Broker Reported 

v 

Listed For Lease 

04/21/2025 

Broker Reported 

v 

Unit 4 

$10.00/SF/YR 

Broker Reported 

=> 

units 

$10.00/SF/YR 

Broker Reported 

v 

Unit 6 

$10.00/SF/YR 

Broker Reported 

Tenants 

2 tenants 

Tenant 

Space 

Business type 

Updated date 

Source 

Hubbard Street LLC 

1 

Aug 20, 2026 

Third Party 

Parklane 2 LLC 

1 

Aug 20, 2026 

Third Party 

Climate Risk for 48135-1529 

Flood Zone 

Fire Factor 

This property is located in Zone X (unshaded) © 

Flood Factor 

i] Minimal 

lit Minimal 

This property has a minimal Fire Factor™, 

Fire Risk Over Time

83

33833 GARNET ST Clinton Township MI 48035 

Sold for $1,550,000 on Jun 23, 2023 

| 

Details 

Property Type 

Building SqFt 

Acreage 

Sold Price 

Zoning Code 

Building Count 

Sold Price per Acre 

Tax Assessed Value 

Property History 

Source 

v 

Public Record 

bd 

Public Record 

v 

Broker Reported 

Tax History 

Event 

Sold 

Update 

Sold 

Retail, Self Storage 

11,256 

0.611 

$1,550,000 

11 

1 

$2,537157 

$14,748 

Date 

Jun 23,2023 

Jun 21,2023 

Jun 13,2023 

venir 

J 

Sub Type 

Lot SqFt 

Sold Date 

Sold Price/SqFt 

Year Built 

Opportunity Zone 

Tax Year 

Days on Market 

Price 

$1,550,000 

$1,550,000 

$/SqFt 

$137.70 

$137.70 

| 

Street View 

[5 

@ 12 Photos ‘EE 

Storefront 

26,635 

06/23/2023 

$138 

1974 

No 

2025 

"7 

Links

84

Ownership Information 

GARNETT INVESTMENT LLC 

Mailing Address 

33833 GARNET ST CLINTON... 

~~ Owner Name 

GARNETT INVESTMENT LLC 

Owner 1 Corp Indicator 

True 

Owner 1 Ownership Rights 

Company or Corporation 

Zoning 

11 

Industrial 

Light Industrial 

Light Industrial 

View (https:/www.clintontownship.com/DocumentCenter/View/3819/Zoning-Code-July-2024) municipality zoning documents 

The I-1 Light Industrial District is designed to primarily accommodate Industrial operations conducted wholly within a building, the 

physical effects of which operation are restricted to the District and in no manner affect, in a detrimental way, any of the surrounding 

Show more 

/ Commercial 

+ Industrial 

X ADU (local) 

X ADU (state) 

X General residential 

XK Multifamily 

X Short term rentals 

X Single family 

X Two family 

What can 

| build here? 

Canl 

Q, 

View all 46 uses 

Last updated Mar 9, 2026 

For deeper zoning details, reports are available at Zoneomics 

(hips/vwvwzoneomicscom/zonina.naRs2iesouice-crex) 

Property Details 

Lot Detalls

85

Property Photos 

Comparable Properties 

Address 

31601 HARPER AVE SAINT CLAIR... 

34607 S GRATIOT AVE CLINTON... 

33042 GARFIELD RD FRASER MI... 

30750 LITTLE MACK AVE ROSEVILL... 

166 S MAIN ST MOUNT CLEMENS M... 

26345 GRATIOT AVE ROSEVILLE MI... 

20286 CORNILLIE DR ROSEVILLE M... 

26741 GRATIOT AVE ROSEVILLE Ml... 

22940 E INDUSTRIAL DR SAINT... 

1126 S GRATIOT AVE SB MOUNT... 

Lease Data 

Price per Sq. Ft. 

Sold Price 

$313 

$76 

$21 

$255 

$45 

$55 

$76 

$50 

$85 

$58 

$2,500,000 

$750,000 

$325,000 

$2,650,000 

$510,000 

$365,000 

$750,000 

$400,000 

$600,000 

$460,000 

Building Squar... 

8,573 SF 

9,810 SF 

16,774 SF 

10,455 SF 

11,448 SF 

6,624 SF 

9,894 SF 

7,962 SF 

7,028 SF 

8,000 SF 

Date Sold 

07/01/2026 

10/07/2025 

05/07/2026 

10/01/2025 

12/17/2025 

03/26/2026 

03/07/2025 

11/24/2025 

02/19/2026 

11/27/2024

86

Contacts 

SOLD ON JUNE 13, 2023 BY: 

Mark Floria 

4s0,000,5600 

coreesIS@sssessssnnes.COM 

FRANKLIN STORAGE 

Auer 

aye 

Climate Risk for 48035 

Flood Zone 

This property Is located in Zone X (unshaded) © 

Flood Factor 

Major 

| HEH., 

This property has a major Flood Factor”, Because the 

environment Is changing, the annual risk to this building is 

increasing. 

Flood Risk Over Time 

2000% 

73.80% 

 9140% 

 9720% 

99.10% 

 9970% 

99.90% 

oy 

Sy 

10y 

15y 

20y 

25y 

oy 

Within the next 30 years, this property has a 99.90% chance 

of any flood water reaching the building at least once. 

View more in-depth climate risk data on First Street 

Technology. 

Inc 

Jan 19, 2026 

Crexi 

Fire Factor 

inimal 

1 FE. 

This property has a minimal Fire Factor™, 

Fire Risk Over Time 

Data Unavailable for this Property 

View more in-depth climate risk data on First Street 

Technology. 

Inc

87

5302 RICHFIELD RD Flint MI 48506-2219 

Sold for $1,200,000 on Aug 1,2023 

| 

Details 

Property Type 

Lot SqFt 

Sold Date 

Sold Price/Sqft 

Year Built 

Opportunity Zone 

Interest Rate @ 

Lender Name 

Property History 

Source 

Event 

v 

Public Record 

Mortgage... 

v 

Public Record 

Sold 

v 

Public Record 

Update 

v 

Broker Reported 

Sold 

Self Storage 

81,065 

08/01/2023 

$510 

1981 

No 

6.58% 

NORTHSTAR BANK 

Date 

Oct 21,2025 

Aug 1,2023 

Aug 1,2023 

Jun 28,2023 

Building SqFt 

Acreage 

Sold Price 

Zoning Code 

Building Count 

Lease Rate 

Mortgage Recording Date 

Sold Price per Acre 

Price 

$1,200,000 

$/SqFt 

$509.77 

2,354 

1.860 

$1,200,000 

C-2 HWY COMM 

7 

$22.80/SF/YR 

10/21/2025 

$645,161 

Links

88

v 

2021 

$274,300 

Contact Information 

500/500 credits remaining this month. Credits will refresh on October 01, 2026. 

Ownership Information 

FLINT SELF STORAGE LLC 

i) 

Mailing Address 

53 MIRY BROOK RD... 

Mailing Carrier Code 

€020 

Owner Name 

FLINT SELF STORAGE LLC 

Owner 1 Corp Indicator 

True 

Owner 1 Ownership Rights 

Company or Corporation 

Zoning 

C-2 

Commerclal 

Special Commercial 

Highway Commercial 

View (hitps://www.geneseetwpmi.goviwp-content/uploads/2020/11/Ordinance-603-Final- 

pdf) municipality zoning documents 

The intent of C-2 district is to provide for areas that are designed for the commercial needs that appeal to a wider community interest 

than those found in the neighborhood business district 

VC 

+/ 

Ger 

v 

/ Single family 

X ADU (local) 

X ADU (state) 

XK Multifamily 

X Short term rentals 

X Twa family 

What can 

| build here?

89

Location Details 

Additional Details 

Property Photos 

Comparable Properties 

Address 

Price per Sq, Ft. 

Sold Price 

Building Squar... 

Date Sold 

123 PIT LN PONTIAC MI 48341 

$545 

$422,500 

775 SF 

08/17/2026 

62 W SPEED WAY PONTIAC ML... 

$522 

$660,000 

1.264 SF 

06/05/2026 

77 PIT LN PONTIAC MI 48341-2794 

$553 

$660,000 

600 SF 

06/03/2026 

1641 BALIAN RD # E-40 WATERFOR... 

$244 

$220,000 

927 SF 

01/26/2026 

163 W SPEED WAY PONTIAC ML... 

$798 

$950,000 

1191 SF 

04/14/2026 

7 STRAIGHTAWAY DR PONTIAC MI... 

$514 

$650,000 

1,264 SF 

04/01/2026 

3220 W AUBURN RD ROCHESTER ... 

$290 

$595,000 

2,016 SF 

05/01/2026 

161 PINGREE AVE PONTIAC MI 4834... 

$56 

$95,000 

1,687 SF 

02/03/2026 

1641 BALIAN RD # E-39 WATERFOR... 

$244 

$220,000 

932 SF 

11/20/2025 

5421 PERRY DR WATERFORD ML... 

$166 

$800,000 

4,824 SF 

08/21/2025 

Lease Data 

Building Overview 

Tenancy 

Building Square Feet

90

v 

Update 

v 

Update 

Tenants 

1tenant 

Tenant 

Space 

Land 

Holdings 

Plus L.. 

Contacts 

SOLD ON JUNE 28, 2023 BY: 

Kris Parker 

11: 

> 

wenn 5735 @ 

anne rker@sses.com @ 

Climate Risk for 48506-2219 

Flood Zone 

This property Is located In Zone X (unshaded) © 

Flood Factor 

This property has a minimal Flood Factor”, 

Flood Risk Over Time 

0% 

0% 

o% 

0% 

oy 

[ 

10y 

15y 

10/16/2024 

$14.40/SF/YR 

10/16/2024 

$10.44/SF/YR 

Business type 

Updated date 

Source 

Aug 20, 2026 

Third Party 

SOLD ON JUNE 28, 2023 BY: 

Andy Gallas 

+ 

8 

wn 9751 @ 

wern,nllas@eees,com 

Fire Factor 

i Minimal 

This property has a minimal Fire Factor™, 

Fire Risk Over Time 

Data Unavailable for this Property 

View more In-depth climate risk data on First Street 

on 

Technology. 

Inc 

28y 

oy 

Within the next 30 years, this property has a 0% chance of 

any flood water reaching the building at least once. 

View more in-depth climate risk data on Flrst Street 

Technolo gy.Inc

91

8034 N MCKINLEY RD Flushing MI 48433-8801 

Sold for $225,000 on Mar 28, 2024 

| 

Details 

Property Type 

Lot SqFt 

Sold Date 

Sold Price/SqFt 

Year Built 

Opportunity Zone 

Mortgage Term 

Mortgage Recording Date 

Property History 

Source 

v 

Broker Reported 

v 

Public Record 

v 

Public Record 

v 

Public Record 

v 

Public Record 

© View Map 

4. 

Street View 

@ 31Photos 

Retail, Self Storage 

Building SqFt 

3,200 

57,978 

Acreage 

1,295 

03/28/2024 

Sold Price 

$225,000 

$70 

Zoning Code 

c-2 

2016 

Building Count 

3 

No 

Mortgage Amount 

$209,200 

24 years fimonths 

Interest Rate © 

6.77% 

03/28/2024 

Lender Name 

HARVEST SMALL BUSINESS FINANCE 

Event 

Date 

Price 

$/SqFt 

Links 

Sold 

Jul 11,2024 

Sold: Multi APN... 

Mar 28, 2024 

$225,000 

$70.31 

Mortgage... 

Feb 1,2019 

Mortgage... 

Sep 26, 2016 

Mortgage... 

Sep 23, 2016

92

v 

$209,200 

v 

(inactive) 

$84,000 

v 

$10,000 

v 

$35,000 

Tax History 

Year 

Property tax 

Land 

v 

2025 

$980 

vo 

2024 

$3776 

v 

2021 

Contact Information 

677% ® 

48% © 

3.43% © 

3.43% © 

500/500 credits remaining this month. Credits will refresh on October 01, 2026, 

Ownership Information 

BLASKA HOLDINGS LLC 

Mailing Address 

769 E MOUNT MORRIS ST... 

Malling Direction Left 

E 

HARVEST SMALL... 

SBA Participation... 

ELGA CREDIT UNION 

Commercial 

ELGA CU 

Commercial 

ELGA CU 

Commercial 

+ 

Additions 

Assessed value 

$85,600 

$85,600 

$61,500 

ymolion 

Mailing Carrier Code 

C009 

Owner Name 

BLASKA HOLDINGS LLC

93

X Two family 

What can | build here? 

Can ld 

Q 

View all 262 uses 

Lost updated Aug 19,2026 

For deeper zoning detalls, roports are available ot Zangomcs (nles:/vew 201 eomics.com/zoning-mapsresouce=cred) 

Property Details 

Lot Detalls 

Building Details 

Location Detalls 

Additional Details 

Property Photos

94

Comparable Properties 

Address 

205 W JOHNSON ST CLIO MI 48420 

4265 W MOUNT MORRIS RD MOUN... 

2408 CARPENTER RD FLINT MI... 

6017 W PIERSON ROAD FLUSHING ... 

7010 W FRANCES RD FLUSHING MI... 

6501 W PIERSON RD FLUSHING MI... 

4175 W PIERSON RD FLINT MI 48504 

1484 RYAN ST FLINT MI 48532 

124 W STATE ST # D MONTROSE MI... 

3405 CLIO RD FLINT MI 48504 

Lease Data 

Building Overview 

Bullding Square Feet 

3200 

Tenants 

1 tenant 

Tenant 

Space 

Contacts 

SOLD ON JULY 11,2024 BY: 

Price per Sq. Ft. 

Sold Price 

$29 

$83 

$6 

$34 

$138 

$419 

$156 

$60 

$29 

$104 

$126,000 

$250,000 

$20,000 

$100,000 

$600,000 

$1,442,903 

$610,000 

$150,000 

$70,000 

$210,000 

Business type 

Bullding Squar... 

4,310 SF 

3,004 SF 

3,354 SF 

2,972 SF 

4,358 SF 

3,445 SF 

3,900 SF 

2,520 SF 

2,405 SF 

2,563 SF 

Updated date 

Aug 20,2026 

Date Sold 

08/09/2026 

01/06/2026 

06/25/2026 

01/06/2026 

10/08/2024 

10/09/2025 

01/20/2026 

08/10/2026 

06/24/2025 

03/24/2026 

Source 

Third Party

95

Climate Risk for 48433-8801 

Flood Zone 

This property is located in Zone X (unshaded) 

© 

Flood Factor 

™ Minimal 

This property has a minimal Flood Factor™. 

Flood Risk Over Time 

o% 

ox 

ox 

ox 

o% 

0% 

0% 

oy 

Sy 

toy 

15y 

20y 

28y 

oy 

Within the next 30 years, this property has a 0% chance of 

any flood water reaching the building at least once. 

View more in-depth climate risk data on First Street 

Technology. 

Inc 

Fire Factor 

Minimal 

This property has a minimal Fire Factor™, 

Fire Risk Over Time 

Data Unavailable for this Property 

View more in-depth climate risk data on First Stree! 

Technology, 

Inc

96

There isn't a clean, countywide office vacancy figure for Oakland County, MI for Q1 2025 

in any public source 

| reviewed. Oakland County isn't a standalone reporting market — 

the major research firms publish at the Detroit metro level, and the county's own data only 

goes to mid-2024. Here's the honest picture, from most-specific to broadest. 

Oakland County — Submarket Data (mid-2024 only) 

The most Oakland-specific numbers come from the county's February 2025 

bond statement, but they reflect mid-2024, not Q1 2025: the Pontiac submarket 

was the county's tightest at ~2.2% vacancy, while Troy-South sat at ~18.,4%, 

improved from ~24.4% a year earlier. Oakland County ... 

No public source broke out a single countywide Q1 2025 vacancy rate for Oakland 

County. The figures below are Detroit-metro proxies — useful directionally, but 

not a substitute for a true county number. 

Metro Detroit Office Vacancy — Q1 2025 (the best 

available proxy) 

Among the national firms, three cluster around 20-22%, while Colliers reports a 

much lower rate because it uses a different (larger) inventory boundary and 

methodology. Premium 3rd Party 

Signature Associates, a local broker, puts Metro 

Detroit at 22.69% with sublease / 20.89% direct — but again does not isolate 

Oakland County submarkets. Signature Associ... 

SOURCE 

VACANCY 

(Q1 2025) 

Newmark 

21.9% 

Cushman & Wakefield 

20.8%

97

Cushman & Wakefield does break out some non-Oakland submarkets — Macomb 

County at 10.0% and Plymouth/Northville at 4.3% — but no Oakland submarkets 

specifically. Premium 3rd Party 

Crexi's proprietary metrics for the Detroit-Warren-Dearborn CBSA don't carry a 

vacancy field for this quarter, but for context the Q1 2025 office asking lease rate 

was $16.66/SF/yr with a 7.50% asking cap rate. Crexi 

1st Party 

If you need a true Q1 2025 Oakland County figure, the practical route is direct 

outreach to the local Colliers, CBRE, or JLL research teams — they maintain 

submarket-level data that isn't in their public quarterly summaries. 

Oakland County / Detroit Metro Office Vacancy — Q1 

2025 

Data Availability Reality 

Oakland County, Ml is not a standalone office reporting market. National research 

firms publish at the Detroit-Warren-Dearborn metro level, and the county's own 

data (its Feb 2025 bond statement) only reaches mid-2024. No public source 

reviewed carries a single countywide Q1 2025 vacancy rate. Oakland County ... 

Oakland County Submarkets — mid-2024 

SUNMARIKET 

VACANCY 

AS 

QF 

Pontiac 

~7.2% 

mid-2024 (lowest in county) 

Troy-South 

~18.4% 

Q2 2024 (down from ~24.4% Q2 2023) 

Sources: 

Oakland County...

98

Metro Detroit Office Vacancy — Q1 2025 

SOURCL 

VACANCY 

Newmark 

21.9% 

Cushman & Wakefield 

20.8% 

JLL 

20.4% 

Colliers 

12.7% 

Signature Associates 

22.69% | 20.89% 

Sources: 

Premium 3rd Pa.. 

Signature Assoc... 

NOT 

overall 

overall 

total 

different inventory boundary 

w-sublease / direct 

Cushman & Wakefield submarket detail: Macomb County 10.0%, 

Plymouth/Northville 4.3% — no Oakland submarkets broken out. 

Premium 3rd Party 

Crexi Detroit CBSA Context (Office, Q1 2025) 

OFFICE ASKING LEASE 

OFFICE ASKING CAP 

RATE 

RATE 

$16.66/SF/yr 

7.50% 

Signed: $16.50/SF/yr 

CBSA 

Detroit-Warren-Dearborn 

Crexi's metric set for this CBSA/quarter does not report a vacancy field. Crexi 1st Party 

Recommended Next Step 

For a true Q1 2025 Oakland County vacancy rate, reach out to the local Colliers 

(Detroit/Ann Arbor), CBRE (Southfield/Detroit), or JLL (Detroit) research teams. They 

maintain submarket-level data not included in public quarterly summaries.

99

Parcel Number 

Street Add 

Sale Date 

Comparable Office Sales in Oakland County 

Terms of 

Adj. Sale $ 

Floor Area 

BLDG $/5q.Ft 

ECF Area 

Land Value 

Property Class 

16-20-33-126-004 

905 

W MAPLE RD 

02/15/22 

$1,670,000 WD 

 03-ARM'S LENGTH 

$1,670,000 

10,912 

$153.04 

COF 

$435,920 

201 

20-23-27-352-003 

33300 W 9 MILE RD 

05/29/24 

$1,935,000 OTH 03-ARM'S LENGTH 

$1,935,000 

9,845 

$196.55 

COF 

$288,244 

201 

40-24-13-153-002 

28200 SOUTHFIELD RD 

07/01/22 

$460,000 WD 

 03-ARM'S LENGTH 

$460,000 

6,596 

$69.74 

COF 

$98,713 

201 

68-15-15-228-011 

429 S MAIN ST 

08/01/22 

$1,900,000 WD 

 03-ARM'S LENGTH 

$1,900,000 

11,430 

$166.23 

COF 

$500,241 

201 

E-17-13-326-010 

4057 PIONEER DR 

04/13/23 

$1,500,000 WD 03-ARM'S LENGTH 

$1,500,000 

11,991 

$125.09 

COF 

$212,900 

201 

H-11-27-301-017 

1050 S MILFORD RD 

11/23/22 

$457,500 WD 

 03-ARM'S LENGTH 

$457,500 

8,800 

$51.99 

COF 

$78,520 

201 

LM-16-03-401-003 

1181 N MILFORD RD 

05/24/24 

$1,050,000 WD 

 03-ARM'S LENGTH 

$1,050,000 

8,573 

$122.48 

COF 

$197,767 

201 

W-13-03-452-028 4468 

W WALTON BLVD 

06/07/24 

$850,000 MLC 

03-ARM'S LENGTH 

$850,000 

5,862 

$145.00 

COF 

$106,174 

201 

W-13-10-226-041 

4141 W WALTON BLVD 

02/28/22 

$772,500 CD 

03-ARM'S LENGTH 

$772,500 

8,112 

$95.23 

COF 

$123,166 

201 

W-13-20-101-091 

6743 HIGHLAND RD 

07/29/22 

$650,000 WD 

 03-ARM'S LENGTH 

$650,000 

7,478 

$86.92 

COF 

$258,014 

201 

W-13-25-451-036 

1090 

W HURON ST 

05/01/24 

$350,000 WD 

 03-ARM'S LENGTH 

$350,000 

6,130 

$57.10 

COF 

$83,069 

201 

W-13-26-307-018 

183 S WINDING DR 

08/05/24 

$450,000 WD _ 03-ARM'S LENGTH 

$450,000 

9,277 

$48.51 

COF 

$175,707 

201 

Totals: 

$12,045,000 

$12,045,000 

$109.82 

109.82 * 9482 

$1,041,340 

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