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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Grocery and convenience stores
1516 Un Lk Rd, Commerce Township, MI 48382-2238
Entity Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0046229
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2001
Total area
1,858 SF
Lot
0.48 ac (20,909 SF)
Zoning code
BI
APN
E -17-01-205-007
UPID
US43-0046229
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
$488k
Blend (final)
Blend
$605k
Owner & transaction history
Commerce Pointe LLC · 19 yrs held
Commerce Pointe LLC
since 2006
Last sale
$750,000
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
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
Blend value · Realmo final
$605k
Range $545k – $666k · ±10% · vs last sale $750k (Mar 23 2020)
Last sale anchor
$750k
Mar 23 2020
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
$326 / 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
$14,846
Tax year 2023
Assessed value
$366,250
Assessed 2024
Previous assessed
$351,580
+4.2% YoY
Effective rate
4.05%
On assessed value
Total market value
$732,500
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2001
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
1,858 SF
Lot
0.48 ac (20,909 SF)
Zoning code
BI
APN
E -17-01-205-007
UPID
US43-0046229
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
Year built
2001
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
Commerce Pointe LLC
Entity
Mailing address
670 N PONTIAC TRL, WALLED LAKE, MI 48390-3443
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2023
—
Union Lake Fuels Property LLC
—
Deed
related
$19,400,000 · Citizens Bank NA
Mar 23, 2020
—
Union Lake Fuels Property LLC
—
Deed
related
$1,562,000 · Farmers St Bk/alto Pass
Jul 10, 2006
—
Commerce Pointe LLC
Gappy,tofiq A & Habiba
Quit Claim Deed
related
—
Jul 7, 2006
$1,245,000
Tofiq A Gappy
Commerce View INC
Warranty Deed
—
Jul 6, 2006
$1,040,000
Commerce View INC
Ecs INC
Warranty Deed
—
Feb 5, 2002
$1,250,000
Ecs INC
Union Lake Building LLC
Grant Deed
—
Jun 4, 2001
$478,000
Sylvan Services INC
Equilon Enterprises LLC
Grant Deed
—
Mar 7, 2001
$620,000
Union Lake Building LLC
Sylvan Services INC
Grant Deed
$1,100,000 · Monroe Bank & Trust
Oct 11, 1999
$11,863,000
Equilon Enterprises LLC
Shell Oil Co
Grant Deed
—
—
—
Commerce Pointe LLC
—
Deed Of Trust
related
$251,956 · Lotus Bank
—
—
Commerce Pointe LLC
—
Deed Of Trust
related
$350,000 · Lotus Bank
—
—
Commerce Pointe LLC
—
Deed Of Trust
related
$262,000 · Michigan Certified Development
—
—
Commerce Pointe LLC
—
Deed Of Trust
related
$60,000 · Van Buren Oil Co
—
—
Ecs INC
—
Deed Of Trust
related
$1,080,000 · Business Loan Center 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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