1164 Ladd Rd Commerce Township, MI 48390-3032
Property profile & analytics
1164 Ladd Rd Commerce Township, MI 48390-3032
- Commercial land
- 9.97 lot acres
Property ID
US43-2700031
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial land
Property Details for 1164 Ladd Rd
- Lot size
- 9.97 lot acres
- Zone code
- IV
- Property type
- Commercial land
- APN
- 92-17-27-376-020
- APU
- 921727376020
Description
This exceptional Class A industrial property in Commerce Charter Township, MI, offers a secure, long-term absolute NNN lease with American Expedition Vehicles, a corporate-guaranteed tenant. The 80,416 square foot facility, built in 1996 and renovated in 2013, sits on a 14.6-acre lot and is ideally suited for distribution, manufacturing, and warehousing. The lease, expiring December 30, 2035, boasts a remaining term of 11.1 years with favorable 2.5% annual rent increases. The property generates a strong NOI of $465,809, resulting in a compelling 7.50% cap rate at an asking price of $6,210,787. Its strategic location near major transportation routes and supply chains, coupled with its proximity to the General Motors Milford Proving Ground and a densely populated, affluent area with an average household income exceeding $109,000, makes this a highly desirable investment opportunity. Oakland County's AAA bond rating further underscores the economic strength and stability of the region. This property presents a rare combination of strong tenant, long-term lease, and significant upside potential in a prime location.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Commerce Township
- County
- Oakland
- State
- Michigan
- Longitude
- -83.4892
- Latitude
- 42.5414
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,076
$0.00
$0.00
$94,800
-
$0.00
$0.00
$189,600
