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Property profile & analytics
OFF-MARKET
Commercial land
115 Commerce Rd, Commerce Township, MI 48382-4114
Individually Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0153444
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.31 ac (13,504 SF)
Zoning code
BI
APN
E -17-11-151-012
UPID
US43-0153444
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Charter Township Of Commerce · 8 yrs held
Charter Township Of Commerce
since 2017
7 recorded transactions
Zoning & alternative use
BI · Commerce Township, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,497
Tax year 2023
Assessed value
$40,510
Assessed 2024
Previous assessed
$38,550
+5.1% YoY
Effective rate
3.70%
On assessed value
Total market value
$81,020
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.31 ac (13,504 SF)
Zoning code
BI
APN
E -17-11-151-012
UPID
US43-0153444
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Commerce Township, MI
Zoning BI · permitted uses
BI · 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.
Building & site characteristics
From public records
Heating
NONE
Lot
0.31 ac
Current owner
From public records · entity-resolved
Charter Township Of Commerce
Individual
Mailing address
5020 W POND CIR, WEST BLOOMFIELD, MI 48323-2280
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2017
$264,000
Charter Township Of Commerce
Touby,ayad
Warranty Deed
—
Jul 1, 2016
—
JR Senior Associates LLC
Commerce-carroll Lake Partners
Grant Deed
—
Jun 27, 2011
—
Commerce-carroll Lake Partner
Cdrmm LLC
Warranty Deed
—
Aug 19, 2010
—
Bradley D Thomas
Cdrmm LLC
Quit Claim Deed
related
—
Nov 7, 2000
—
Idaho Group LLC
Cdrmm LLC
Quit Claim Deed
related
$575,000 · Comerica Bank
Dec 11, 1998
$170,000
Cdrmm LLC
Fagerlie,hilde
Trustees Deed
—
Dec 11, 1998
$75,000
Phyllis Senior
Jewell,estelle V
Trustees Deed
—
Dec 11, 1998
$135,000
Hilde Fagerlie
Senior,phyllis
Trustees Deed
—
—
—
Cdrmm LLC
—
Deed Of Trust
related
—
—
—
Commerce-carroll Lake Partners
—
Deed Of Trust
related
$351,702 · Main Street Bank
—
—
C D R M M L L C
—
Deed Of Trust
related
$400,000 · Leadway Super Market INC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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