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    Multi-Unit High-Story Office Building Title is generated by Realmo AI

    3757 Commerce Ct Road, Wayne, MI 48184

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    Claim this Listing
    For Sale
    $1,450,000

    COMMERCIAL - Wayne, MI

    Property size:
    16,000 SF
    Lot size:
    2.23 Acres
    Price / SF:
    $90/SF
    Added:
    Mar 16, 2026
    Days on Market:
    81
    Last Refresh:
    Jun 4 at 2:06 am

    Property Features for 3757 Commerce Ct Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    55010020002302
    Size
    16,000 SF
    Lot size
    2.23 Acres

    Utilities

    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1994

    We can help!

    Listing Contact
    Faik Yaldo

    Listing agent Faik Yaldo License #6501331086

    Listing office Century 21 Professionals Sterling Heights 40682 Ryan Rd, Sterling Heights, MI

    Listing date Mar 16, 2026

    MLS# 50201700

    Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Commercial, high‑story building built in 1994
    • 5 units are fully occupied and 1 unit is vacant
    • Central air and public water supply
    • Border survey available
    • Located in the heart of Wayne City near I‑275 and the Ford factory
    • CLB available for appointments; lease information provided with offers or letter of intent

    Overview

    This commercial, high-story office building is set up as a multi-unit property with six total units. Five units are currently fully occupied, while one unit is vacant. A border survey is available for review. For appointments, the seller requires a call before showing, and additional information regarding leases is available for offers or a letter of intent.

    The building is located in the heart of Wayne, Michigan, and is described as being close to I-275 and the Ford factory. Access and scheduling will be handled through the call-before-entry process, and the showing timeline may take up to a week for some units.

    For prospective buyers, the property offers an established multi-tenant configuration with a mix of occupied and vacant office space. The vacancy may allow for an incoming tenant to be placed while maintaining existing occupancy. Interested parties should allow time for scheduling and review leasing details through the offer or letter of intent process.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    Wayne
    County
    Wayne
    State
    Michigan
    Longitude
    -83.419336
    Latitude
    42.279661

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    FAQs

    What type of property is this?
    Office units - High-story office building with six total units, including five currently occupied and one available for showing.
    Where is this office units located?
    The property is located at 3757 Commerce Ct Road Wayne, MI.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: Commercial, high‑story building built in 1994; 5 units are fully occupied and 1 unit is vacant; Central air and public water supply
    (586) 703-2429
    We can help!
    Listing Contact
    Faik Yaldo
    Real Estate License ID: 6501331086
    Request Owner's contact information
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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
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