Property profile

1120 Welch Rd Commerce Township, MI 48390

OFF-MARKET
Specialty properties
Property ID
US43-1208596
10,038 SF 1.72 ac lot Built 2007
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Specialty properties
Use group VETERINARY, ANIMAL HOSPITAL
Year built 2007
Total area 10,038 SF
Lot 1.72 ac (74,923 SF)
Zoning code II
APN E -17-25-303-018
UPID US43-1208596

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1120 Welch Rd Commerce Township, MI 48390-2865
Commerce Township metro Census 134800 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.97M
Blend (final) Blend
$565k

Owner & transaction history

since 2017
7 recorded transactions
2017
Price N/A
2017
Price N/A
2005
$390,000
2004
Price N/A
2004
$230,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

II · Commerce Township, MI
Top alternative use upside
Office building $1.6M +13.5%
Commercial (general) $1.5M +7.2%
Retail stores $1.4M +0.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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