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Property profile & analytics
FOR LEASE
Office buildings
2655 Oakley Park Rd, Commerce Twp, MI 48390
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1685715
For Lease
1 / 9
$18 SF/Yr
2655 Oakley Park Rd, Commerce Twp, MI 48390
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Total area
29,908 SF
Lot
2.14 ac (93,218 SF)
Zoning code
II
APN
E -17-13-300-105
UPID
US43-1685715
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
$3.71M
Blend (final)
Blend
$3.71M
Owner & transaction history
Commence Investment Prop LLC · 9 yrs held
Commence Investment Prop LLC
since 2017
3 recorded transactions
Zoning & alternative use
II · Commerce Township, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.3M
+13.3%
Restaurant
$5.2M
+11.4%
Retail stores
$5.1M
+8.6%
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 Twp submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Commerce Twp 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
$4,650,000
Current use
COMMERCIAL (GENERAL)
$5,270,000
Change: +13% · Conversion: Easy
RESTAURANT
$5,175,000
Change: +11% · Conversion: Moderate
RETAIL STORES
$5,050,000
Change: +9% · Conversion: Moderate
MEDICAL BUILDING
$4,720,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$3.71M
Range $3.34M – $4.08M · ±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
$124 / 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
$53,814
Tax year 2023
Assessed value
$1,394,210
Assessed 2024
Previous assessed
$1,352,590
+3.1% YoY
Effective rate
3.86%
On assessed value
Total market value
$2,788,420
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1990
Heating
ZONE
Cooling
YES
Stories
2
Units
1
Total area
29,908 SF
Lot
2.14 ac (93,218 SF)
Zoning code
II
APN
E -17-13-300-105
UPID
US43-1685715
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 Current
Est. value
$4.7M
COMMERCIAL (GENERAL)
Est. value
$5.3M
RESTAURANT
Est. value
$5.2M
RETAIL STORES
Est. value
$5.1M
MEDICAL BUILDING
Est. value
$4.7M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
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
1990
Heating
ZONE
Cooling
Yes
Stories
2
Units
1
Lot
2.14 ac
Current owner
From public records · entity-resolved
Commence Investment Prop LLC
Entity
Free & Clear · 9 yrs held
Mailing address
1 TOWNE SQ STE #1200, SOUTHFIELD, MI 48076-3708
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2018
—
Commerce Investment Properties LLC
—
Deed
related
$1,725,000 · Level One Bank
Apr 28, 2017
—
Commence Investment Prop LLC
Oakley Park Properties LLC
Grant Deed
related
—
Aug 27, 2015
$1,525,000
Oakley Park Properties LLC
Boulder Properties LLC
Warranty Deed
$1,628,000 · Clarkston State 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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