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Property profile & analytics
OFF-MARKET
Estimated value
$2,105,000
Super regional malls
1715 Haggerty Rd, Commerce Township, MI 48390-2857
Entity Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-4718030
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2003
Total area
20,246 SF
Lot
3.12 ac (135,907 SF)
Zoning code
BI
APN
E -17-25-426-013
UPID
US43-4718030
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
$2.81M
Blend (final)
Blend
$2.11M
Owner & transaction history
Haggerty Shoppes LLC · 17 yrs held
Haggerty Shoppes LLC
since 2009
7 recorded transactions
Zoning & alternative use
BI · Commerce Township, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.5M
+86.0%
Retail stores
$3.4M
+81.4%
Medical building
$3.2M
+69.6%
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
NEIGHBORHOOD: SHOPPING CENTER
$1,885,000
Current use
RESTAURANT
$3,505,000
Change: +86% · Conversion: Difficult
RETAIL STORES
$3,415,000
Change: +81% · Conversion: Easy
MEDICAL BUILDING
$3,195,000
Change: +70% · Conversion: Difficult
OFFICE BUILDING
$3,145,000
Change: +67% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,480,000
Change: +32% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,640,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$2.11M
Range $1.89M – $2.32M · ±10%
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
$104 / 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
$53,264
Tax year 2023
Assessed value
$1,356,220
Assessed 2024
Previous assessed
$1,351,880
+0.3% YoY
Effective rate
3.93%
On assessed value
Total market value
$2,712,440
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
2003
Heating
YES
Buildings
10
Stories
1
Units
2
Total area
20,246 SF
Lot
3.12 ac (135,907 SF)
Zoning code
BI
APN
E -17-25-426-013
UPID
US43-4718030
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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.9M
RESTAURANT
Est. value
$3.5M
RETAIL STORES
Est. value
$3.4M
MEDICAL BUILDING
Est. value
$3.2M
OFFICE BUILDING
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$2.5M
INDUSTRIAL (GENERAL)
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
2003
Heating
YES
Stories
1
Buildings
10
Units
2
Lot
3.12 ac
Current owner
From public records · entity-resolved
Haggerty Shoppes LLC
Entity
Mailing address
32820 WOODWARD AVE STE #200, ROYAL OAK, MI 48073-0977
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2021
—
Haggerty Shoppes LLC
—
Deed
related
$1,800,000 · Riversource Life Insurance Co
May 26, 2009
$3,500,000
Haggerty Shoppes LLC
Sheriff Of Oakland County
Trustees Deed
related
—
Apr 14, 2006
—
Sackllah Investments LLC
Commerce Marketplace LLC
Warranty Deed
—
Apr 14, 2006
$6,500,000
Commerce Township Associates LLC
Sackllah Investments LLC
Warranty Deed
$5,000,000 · Goldman Sachs Commercial Mtg Capita
—
—
Haggerty Shoppes LLC
—
Deed Of Trust
related
$1,300,000 · American Equity Inv Life Ins
—
—
Commerce Marketplace LLC
—
Deed Of Trust
related
$4,000,000 · Citizens Federal Bank Fsb
—
—
Commerce Marketplace LLC
—
Deed Of Trust
related
$150,000 · Citizens Federal Bank Fsb
—
—
Haggerty Shoppes LLC
—
Deed Of Trust
related
$1,300,000 · Private 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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