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    Keller Williams Showcase Realty

    2730 Union Lake Road, Commerce Township, MI 48382
    (248) 406-2921
    Web Site
    Size: 10+ agents

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    Property Types

    • Land
    • Commercial Sale
    • Residential
    • Residential Multi Family
    • Commercial Lease

    Listings

    For Sale (26)

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    3.3 Acres of Wooded Land
    $59,900

    3.3 Acres of Wooded Land

    3.3 acres of wooded land, ready to build your dream home.

    5 Benstein Rd, Commerce Twp, MI 48382
    View details
    Mundy Twp Duplex For Sale
    $229,900
    1,400 SF

    Mundy Twp Duplex For Sale

    Multi-family duplex in Grand Blanc with long-term tenants.

    1261 W Grand Blanc Rd, Grand Blanc, MI 48439
    View details
    Land on Fountains Golf Course
    Contact for pricing

    Land on Fountains Golf Course

    Residential land on the Fountains Golf Course at Garlands.

    141 Garland Woods Ln, Lewiston, MI 49756
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    Brownstown Twp Commercial Land
    $1,200,000
    8.40 Acres

    Brownstown Twp Commercial Land

    8.4 acres of commercial land in Brownstown Twp, MI.

    19345 Allen Rd, Brownstown Twp, MI 48183
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    Residential Land in Commerce Township
    Contact for pricing

    Residential Land in Commerce Township

    Vacant land suitable for building a dream home.

    Vacant Tuscola St, Commerce Twp, MI 48390
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    Restaurant, Bar, and Rental Units
    $595,000
    3,450 SF

    Restaurant, Bar, and Rental Units

    Restaurant and bar with two income-generating rental units.

    28080 Waltz Rd, New Boston, MI 48164
    View details
    Mixed-Use Property in White Lake
    $469,900
    6,300 SF

    Mixed-Use Property in White Lake

    Two-building commercial property with office and warehouse space for sale.

    9440 Elizabeth Lake Rd, White Lake, MI 48386
    View details
    Detroit Two-Family Brick Flat
    $250,000
    2,727 SF

    Detroit Two-Family Brick Flat

    Two-family brick flat in Detroit, coming soon.

    17384 Wisconsin St, Detroit, MI 48221
    View details
    Brownstown Land For Sale
    $1,200,000
    8.40 Acres

    Brownstown Land For Sale

    8.4 acres of commercial land in Brownstown, Michigan.

    19345 Allen Rd, Brownstown, MI 48183
    View details
    8.62 Acre Wooded Residential Lot
    $249,000
    8.62 Acres

    8.62 Acre Wooded Residential Lot

    Large wooded lot with potential split near Ann Arbor and Brighton.

    Spicer Rd, Green Oak Twp, MI 48116
    View details
    Detroit Duplex Opportunity
    $275,000
    2,142 SF

    Detroit Duplex Opportunity

    Updated duplex in East English Village, Detroit.

    5572 Kensington Ave, Detroit, MI 48224
    View details
    Northville Twp Wooded Land
    $399,900
    1.44 Acres

    Northville Twp Wooded Land

    1.44 acre wooded property in Northville Twp, Northville Schools.

    43550 Reservoir St, Plymouth, MI 48170
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    Residential Land in White Lake
    $119,900

    Residential Land in White Lake

    Ready-to-build vacant lot in desirable White Lake neighborhood.

    4640 Melanie Ln, White Lake, MI 48383
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    Riverfront Land in Avery Twp
    $110,000
    12.87 Acres

    Riverfront Land in Avery Twp

    12.87 acres with 1,000 feet of Thunder Bay River frontage.

    9191 M 33, Atlanta, MI 49709
    View details
    High-Visibility Corner Lot on Dixie
    $93,000
    0.51 Acres

    High-Visibility Corner Lot on Dixie

    Corner lot on high-traffic Dixie Highway, Waterford Twp, MI.

    2830 Dixie Hwy, Waterford, MI 48328
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    Recreational Land in Gated Community
    Contact for pricing

    Recreational Land in Gated Community

    1,750-acre recreational haven with amenities near Farwell, Michigan.

    Red Fox Run, Clare, MI 48622
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    Land with Deeded Boat Slip
    $250,000
    0.24 Acres

    Land with Deeded Boat Slip

    Land in gated community with deeded access to Cass Lake.

    Forest Bay Dr, Waterford, MI 48328
    View details
    Residential Land in Hidden Ridge
    $59,900
    0.75 Acres

    Residential Land in Hidden Ridge

    0.71 acre lot in established Davisburg subdivision.

    5567 Birch Ln, Davisburg, MI 48350
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    1750 Acres Recreational Land Paradise
    Contact for pricing
    1,750.00 Acres

    1750 Acres Recreational Land Paradise

    Gated recreational land with resort-style amenities and wooded splendor.

    Red Fox Run, Farwell, MI 48622
    View details
    Residential Land in West Bloomfield
    $69,000

    Residential Land in West Bloomfield

    Land for sale in West Bloomfield Twp, Michigan.

    Tamson St West, Bloomfield Twp, MI 48327
    View details
    Land with River Frontage
    $110,000
    12.87 Acres

    Land with River Frontage

    12.87 acres with 1,000 feet of river frontage.

    Atlanta, MI 49709
    View details
    Residential Land in Oceola Township
    $139,000
    3.64 Acres

    Residential Land in Oceola Township

    3.64-acre parcel with pond, utilities, and no HOA.

    1657 Frech Ln, Howell, MI 48843
    View details
    Residential Land in Commerce Township
    $149,000

    Residential Land in Commerce Township

    1.2 acre residential land with lake privileges in Oakland County.

    Parcel "B" Log Cabin Dr, Commerce Twp, MI 48390
    View details
    Mixed-Use Investment in Downtown Milford
    $1,095,000
    4,859 SF

    Mixed-Use Investment in Downtown Milford

    Mixed-use property with office space and residential units.

    206 E Liberty St, Milford, MI 48381
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    Residential Land in Commerce Township
    Contact for pricing

    Residential Land in Commerce Township

    Land in Walled Lake School District, build your dream home.

    Vacant Carroll Lk Rd, Commerce Twp, MI 48390
    View details
    Flex Space with Warehouse
    $489,900
    6,300 SF

    Flex Space with Warehouse

    Two buildings with office and warehouse space for sale.

    9440 Elizabeth Lake Rd, White Lake, MI 48386
    View details

    For Lease (3)

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    Office Space on Elizabeth Lake
    $1,200 / Mo
    1,200 SF

    Office Space on Elizabeth Lake

    Professional office space for lease in White Lake, Michigan.

    9440A Elizabeth Lake Rd, White Lake, MI 48386
    View details
    White Lake Flex Space Available
    $2,500 / Mo
    2,752 SF

    White Lake Flex Space Available

    Flex space with shop and office in White Lake.

    9450 Elizabeth Lake Rd, White Lake, MI 48386
    View details
    Office Space on Elizabeth Lake
    $1,200 / Mo
    1,200 SF

    Office Space on Elizabeth Lake

    Professional office space for lease in White Lake, Michigan.

    9440B Elizabeth Lake Rd, White Lake, MI 48386
    View details

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    Keller Williams Showcase Realty
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Keller Williams Showcase Realty
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