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Property profile & analytics
OFF-MARKET
Estimated value
$3,220,000
Automotive properties
1111 Commerce Rd Walled Lake, MI 48390-3007
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1830287
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1967
Total area
29,498 SF
Lot
4.7 ac (204,732 SF)
Zoning code
BI
APN
92-17-27-451-004
UPID
US43-1830287
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
LaFontaine Chrysler Dodge Jeep Ram Walled Lake Parts Store Auto Parts Store
-
LaFontaine Chrysler Dodge Jeep Ram Walled Lake Service Center Auto Repair Shop
-
LaFontaine Chrysler Dodge Jeep Ram Walled Lake Car Dealership Auto Repair Shop
-
Bad Credit Diva Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.66M
Blend (final)
Blend
$3.22M
Owner & transaction history
Lag Walled Lake LLC · 5 yrs held
Lag Walled Lake LLC
since 2020
3 recorded transactions
Zoning & alternative use
BI · Walled Lake, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.2M
+43.7%
Restaurant
$5.1M
+41.2%
Retail stores
$5.0M
+37.7%
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 Walled Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Walled Lake 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$3,615,000
Current use
COMMERCIAL (GENERAL)
$5,195,000
Change: +44% · Conversion: Moderate
RESTAURANT
$5,105,000
Change: +41% · Conversion: Difficult
RETAIL STORES
$4,980,000
Change: +38% · Conversion: Difficult
MEDICAL BUILDING
$4,655,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$4,585,000
Change: +27% · Conversion: Difficult
Blend value · Realmo final
$3.22M
Range $2.90M – $3.54M · ±10%
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
$109 / 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
$75,212
Tax year 2023
Assessed value
$1,470,930
Assessed 2024
Previous assessed
$1,402,470
+4.9% YoY
Effective rate
5.11%
On assessed value
Total market value
$2,941,860
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1967
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
29,498 SF
Lot
4.7 ac (204,732 SF)
Zoning code
BI
APN
92-17-27-451-004
UPID
US43-1830287
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Walled Lake, MI
Zoning BI · permitted uses
BI · Walled Lake, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Walled Lake. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$5.2M
RESTAURANT
Est. value
$5.1M
RETAIL STORES
Est. value
$5.0M
MEDICAL BUILDING
Est. value
$4.7M
OFFICE BUILDING
Est. value
$4.6M
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
OFFICE 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
1967
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
4.7 ac
Current owner
From public records · entity-resolved
Lag Walled Lake LLC
Entity
Mailing address
4000 W HIGHLAND RD, HIGHLAND, MI 48357-4007
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2024
—
Lag Walled Lake LLC
—
Deed
related
$7,940,000 · Ally Bank
Dec 1, 2020
—
Lag Walled Lake LLC
Rds Management
Warranty Deed
—
—
—
Rds Management INC
—
Deed Of Trust
related
$2,000,000 · Comerica Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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