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Financial
Distress signals
Property profile

1215 W Oakley Park Rd Commerce Twp, MI 48390

FOR SALE
Retail space
Property ID
US43-4267437
3,709 SF 0.12 ac lot Built 1929
Last sale Jun 2004 · $225,000
Individually Owned Owner of record is an individual. 22-yr Hold Held for 22 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is located in Commerce Township and consists of multiple components: a convenience store building with a residential apartment above (1 bedroom and 1 bathroom) and a separate adjacent single-family rental home (2 bedrooms and 1 bathroom). The convenience store building is approximately 4,388 square feet on a total lot area of about 0.24 acres, and the property includes three parcel IDs.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$3k
Tax billed · 2023
Assessed value · 2024$124k
Effective rate2.69%

Value estimate

· Oct 2026
$365k
$329k – $402k
NOI build-up
Gross scheduled income$67k
Vacancy & credit loss−$5k
Operating expenses−$16k
NOI · 5.70% cap applied$47k

Realmo valuation models over county records and 34 qualifying comparable sales.

Recently sold

What actually traded nearby?
$169/SF
County average, outlier-cleaned · 385 recorded sales of this use type
Observed band · Q1–Q3$79 – $263
Qualifying comparables34

Cap rate analysis

How does the asset earn?
5.70%
$47k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
BI
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency13.7
Law Firm11.5
Restaurant11.0

Location

1215 W Oakley Park Rd Commerce Twp, MI 48390
County assessor Recorded deeds · 5 transfers 34 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
139 Walled Lk, Walled Lake, MI 48390-3553 $440,000 Apr 2025 5,280 SF
297 Glengary, Wolverine Lake, MI 48390-1433 $479,600 Oct 2023 4,823 SF
929 Pontiac, Walled Lake, MI 48390-3235 $380,000 Dec 2022 2,668 SF
1760 Ew Maple, Walled Lake, MI 48390-3818 $650,000 Mar 2021 4,225 SF
1877 Ew Maple, Walled Lake, MI 48390-3821 $350,000 Jun 2019 4,880 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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