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Property profile & analytics
OFF-MARKET
Retail space
155 Commerce St Milford, MI 48381
Entity Owned
25-yr Hold
~
Est. High Equity
Property ID
US43-1483606
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1896
Total area
2,967 SF
Lot
0.07 ac (3,049 SF)
Zoning code
BI
APN
LM-16-10-278-002
UPID
US43-1483606
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
Current use
Occupant on record · Public records
-
Nichols Financial, Inc. Financial Advisor
-
Jeffrey Allen Jewelers Inc (Bike/Boat/Book/etc) Store
-
GSI Services Roofing Company General Contractor
-
City Roots Tattoo Gallery Tattoo & Piercing Shop
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
Legends Of Time LLC · 25 yrs held
Legends Of Time LLC
since 2000
6 recorded transactions
Zoning & alternative use
BI · Milford, 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 Milford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milford 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
$6,437
Tax year 2023
Assessed value
$162,540
Assessed 2024
Previous assessed
$155,010
+4.9% YoY
Effective rate
3.96%
On assessed value
Total market value
$325,080
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1896
Heating
YES
Buildings
6
Stories
1
Units
1
Total area
2,967 SF
Lot
0.07 ac (3,049 SF)
Zoning code
BI
APN
LM-16-10-278-002
UPID
US43-1483606
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Milford, MI
Zoning BI · permitted uses
BI · Milford, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Milford. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1896
Heating
YES
Stories
1
Buildings
6
Units
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Legends Of Time LLC
Entity
Mailing address
PO BOX 1151, HIGHLAND, MI 48357-1151
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2019
—
Gdr & Associates
—
Deed
related
—
Oct 11, 2000
$380,000
Legends Of Time LLC
Main Street Milford LLC
Grant Deed
$325,000 · Old Kent Bank
Oct 5, 2000
—
Milford Main Properties LLC
Legends Time LLC
Quit Claim Deed
related
—
Aug 24, 1998
—
Main Street Milford LLC
Heyn,jeffrey A & Anne M
Quit Claim Deed
related
—
—
—
Milford Main Properties LLC
—
Deed Of Trust
related
$323,094 · Old Kent Bank
—
—
Main Milford Street LLC
—
Deed Of Trust
related
$140,000 · Old Kent 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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