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Property profile & analytics
OFF-MARKET
Estimated value
$1,330,000
Office buildings
1072 Ladd Rd, Commerce Township, MI 48390-3030
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US43-5247816
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1991
Total area
9,680 SF
Lot
2.84 ac (123,710 SF)
Zoning code
II
APN
E -17-27-376-015
UPID
US43-5247816
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.20M
Blend (final)
Blend
$1.33M
Owner & transaction history
Wajda Properties LLC · 3 yrs held
Wajda Properties LLC
since 2022
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
II · Commerce Township, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.7M
+13.3%
Restaurant
$1.7M
+11.4%
Retail stores
$1.6M
+8.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Commerce Township submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Commerce Township submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,455,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,505,000
Current use
COMMERCIAL (GENERAL)
$1,705,000
Change: +13% · Conversion: Easy
RESTAURANT
$1,675,000
Change: +11% · Conversion: Moderate
RETAIL STORES
$1,635,000
Change: +9% · Conversion: Moderate
MEDICAL BUILDING
$1,530,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$1.33M
Range $1.20M – $1.46M · ±10% · vs last sale $1.40M (Sep 28 2022)
Last sale anchor
$1.40M
Sep 28 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$137 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$14,801
Tax year 2023
Assessed value
$347,690
Assessed 2024
Previous assessed
$320,050
+8.6% YoY
Effective rate
4.26%
On assessed value
Total market value
$695,380
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1991
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
9,680 SF
Lot
2.84 ac (123,710 SF)
Zoning code
II
APN
E -17-27-376-015
UPID
US43-5247816
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
II · Commerce Township, MI
Zoning II · permitted uses
II · Commerce Township, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Commerce Township. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.7M
RESTAURANT
Est. value
$1.7M
RETAIL STORES
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.5M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1991
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
2.84 ac
Current owner
From public records · entity-resolved
Wajda Properties LLC
Entity
Mailing address
1072 LADD RD, COMMERCE TOWNSHIP, MI 48390-3030
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2022
$1,400,000
Wajda Properties LLC
Robert G Riccardi
Warranty Deed
$1,120,000 · Catholic Vantage Financial FCU
Mar 25, 2013
—
Robert G Riccardi
Apple Building Group LLC
Quit Claim Deed
related
—
Sep 25, 2003
$740,000
Apple Building Group LLC
That Durocher Properties LLC
Grant Deed
—
Mar 20, 2000
$750,000
Durocher Properties LLC
Steyer,margo K
Grant Deed
$548,000 · Franklin National Bank
—
—
Margo K Steyer
—
Deed Of Trust
related
$150,000 · Midwest Guaranty Bank
—
—
Lad Electric Co
—
Deed Of Trust
related
$500,000 · Franklin National Bank
—
—
Margo K Steyer
—
Deed Of Trust
related
$487,500 · Midwest Guaranty Bank
—
—
Margo K Steyer
—
Deed Of Trust
related
$6,500 · Midwest Guaranty Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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