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Property profile & analytics
OFF-MARKET
Estimated value
$1,770,000
Life science properties
1320 Ladd Rd, Commerce Township, MI 48390-3036
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-1248438
Property summary
AI-generated overview
This exceptional industrial property, located at 1320 Ladd Rd in Commerce Charter Township, Michigan, presents a rare opportunity. Priced at $1,750,000, this single-story, 9,100 square foot warehouse sits on a 6.62-acre lot with industrial zoning. The building boasts a 16-foot ceiling height, making it suitable for a variety of industrial uses. Seven grade-level overhead doors (four 12'x14' and three 10'x10') provide ample access. The property includes approximately two acres of fenced and paved outdoor storage, a significant advantage for contractors or businesses requiring extra space. The building's layout comprises 6,000 square feet of warehouse space and 3,100 square feet of office space. Its convenient location offers easy access to major freeways, including I-96, I-696, and US-23, enhancing its logistical appeal. The property's APN is 17-27-376-016 and the zip code is 48390. This turnkey industrial space is ready for immediate occupancy.
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
1988
Total area
9,100 SF
Lot
6.62 ac (288,367 SF)
Zoning code
II
APN
E -17-27-376-016
UPID
US43-1248438
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
$1.77M
Owner & transaction history
1320 Ladd LLC · 1 yrs held
1320 Ladd LLC
since 2025
Last sale
$1.8M
5 recorded transactions
Zoning & alternative use
II · 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
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
OFFICE BUILDING
$1,415,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,335,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$1,250,000
Change: 0% · Conversion: Difficult
RESTAURANT
$1,240,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.77M
Range $1.59M – $1.95M · ±10% · vs last sale $1.77M (Nov 18 2024)
Last sale anchor
$1.77M
Nov 18 2024
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
$195 / 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
$14,886
Tax year 2023
Assessed value
$424,330
Assessed 2024
Previous assessed
$397,930
+6.6% YoY
Effective rate
3.51%
On assessed value
Total market value
$848,660
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
Off-Market
Year built
1988
Heating
GAS
Cooling
YES
Stories
1
Units
1
Total area
9,100 SF
Lot
6.62 ac (288,367 SF)
Zoning code
II
APN
E -17-27-376-016
UPID
US43-1248438
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
II · Commerce Township, MI
Zoning II · permitted uses
II · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.3M
RETAIL STORES
Est. value
$1.3M
RESTAURANT
Est. value
$1.2M
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
RESTAURANT
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
1988
Heating
GAS
Cooling
Yes
Stories
1
Units
1
Lot
6.62 ac
Current owner
From public records · entity-resolved
1320 Ladd LLC
Entity
Mailing address
1320 LADD RD, COMMERCE TOWNSHIP, MI 48390-3036
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2025
$1,770,000
1320 Ladd LLC
Zas Properties LLC
Warranty Deed
$1,290,000 · Alliance Catholic Cu
Aug 17, 2016
—
Zas Properties LLC
—
Deed
related
$460,000 · Independent Bank
Apr 9, 2015
$575,000
Zas Properties LLC
William Petsch
Warranty Deed
$460,000 · Main Street Bank
Mar 25, 2013
—
William Petsch
Meisner,andrew E
Grant Deed
related
—
—
—
William M Petsch
—
Deed Of Trust
related
$375,000 · Main Street 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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