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    169 Loop Rd Commerce Township, MI 48390-3946

    • Hotels
    • 48,839 SF
    OFF-MARKET
    Value Estimations
    $1,880,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-3114710
    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.

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 169 Loop Rd

    Year built
    2005
    Property size
    48,839 SF
    Property type
    Hotels
    APN
    E -17-36-400-032
    APU
    E1736400032

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,880,000
      Market price range: $550k - $2.15M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $3,000,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Commerce Township
    County
    Oakland
    State
    Michigan
    Longitude
    -83.4443
    Latitude
    42.5291
    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
    $86,185
    $0.00
    $0.00
    $2,909,860
    -
    $0.00
    $0.00
    $5,819,720

    Comparable in this City

    • Value Estimation
      $1,925,000
      45,432 SF

      199 Loop Rd

      HOTEL • 45,432 SF
      199 Loop Rd, Commerce Township, MI 48390-3946
      View Details
    • Value Estimation
      $3,185,000
      94,264 SF

      169 Loop Rd

      HOTEL • 94,264 SF
      169 Loop Rd, Commerce Township, MI 48390-3946
      View Details
    • Value Estimation
      $770,000
      50,338 SF

      500 Pheasant Ln

      MOTEL • 50,338 SF
      500 Pheasant Ln, Walled Lake, MI 48390-3022
      View Details
    • Value Estimation by Request
      8.32 Acres

      Of Martin Pkwy

      Individual retail properties • 8.32 Acres
      0 Of Martin Pkwy, Commerce Charter Township, MI 48390
      View Details
    • Value Estimation
      $1,725,000
      101,872 SF

      1901 Ew Maple Rd

      MOTEL • 101,872 SF
      1901 Ew Maple Rd, Walled Lake, MI 48390-3823
      View Details
    • Value Estimation by Request
      1.00 Acre

      Claranton Dr & Ladd Rd

      Land • 1.00 Acre
      0 Claranton Dr & Ladd Rd, Walled Lake, MI 48390
      View Details

    Similar Nearby for Sale

    • $1,248,000
      8.32 Acres

      Commerce Twp Industrial Land - $1.2M

      8.32 Acres, Prime Oakland County Location
      0 Of Martin Pkwy, Commerce Charter Township, MI 48390
      View Details
    • $399,000
      0.59 Acres

      Wolverine Lake Redevelopment Opportunity

      Redevelopment opportunity near Wolverine Lake with excellent frontage and exposure.
      2355 S Commerce Rd, Wolverine Lake, MI 48390
      View Details
    • Contact for pricing
      28,403 SF

      Commerce Center Office Building

      28,403 SF Office Building For Sale
      2655 Oakley Park Rd, Commerce Charter Township, MI 48390
      View Details
    • Contact for pricing
      8.59 Acres

      Walled Lake Industrial Land - 8.59 Acres

      Prime Industrial Land, Build-to-Suit Option
      1215 Decker Rd, Walled Lake, MI 48390
      View Details
    • $299,900
      0.46 Acres

      Commerce Lakefront Residential Land

      Prime lakefront lot, build your dream home!
      0 Driburg Dr, Commerce Charter Township, MI 48390
      View Details
    • $399,000
      2,464 SF

      Commerce Twp Storefront - $399K

      High-traffic retail space, ample parking.
      1655 Glengary Rd, Commerce Charter Township, MI 48390
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      16,000 SF

      Maple Park Plaza Retail Space

      Commerce Twp retail space available; 1,500 sq ft.
      1001 Welch Rd, Commerce Charter Township, MI 48390
      View Details
    • $14 SF/Yr
      18,000 SF

      Walled Lake Medical Office Suite

      1,500 SF Available, Oakland County
      55 Pond Dr, Walled Lake, MI 48390
      View Details
    • $10 SF/Yr
      15,400 SF

      Maple Plaza: Retail Space Available

      High-traffic retail center; spaces from 1,600 sq ft.
      1124 West Maple Rd, Walled Lake, MI 48390
      View Details
    • $12 SF/Yr
      11,114 SF

      Commerce Twp Retail Plaza

      Last Retail Space Available!
      710 Benstein Rd, Commerce Charter Township, MI 48390
      View Details
    • Contact for pricing
      8,000 SF

      Commerce Twp Industrial Land - BTS

      0.98-acre industrial lot, build-to-suit option.
      0 0.98 Acres Benstein Rd, Commerce Charter Township, MI 48390
      View Details
    • $2,700 /Mo

      Freestanding Commercial Building in Walled Lake

      1500 sqft building in downtown Walled Lake for lease.
      235 N Pontiac Trl, Walled Lake, MI 48390
      View Details
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    169 Loop Rd
    Commerce Township, MI 48390-3946
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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