Commercial real estate
Individually Owned
25-yr Hold
Absentee Owner
~
Est. High Equity
Individually Owned 
For Lease
1 / 8
$22 SF/Yr
31 Long Lk Rd,Unit 125, Troy, MI 48085-4713
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Property summary
AI-generated overview
This exceptional retail opportunity is located at 31-125 E Long Lake Rd, Troy, MI 48085, within the Sunset Plaza shopping center. The property, built in 1973, offers multiple tenancy options with a total of 112,254 square feet, and currently has 16,114 square feet of vacant space available. Units range from a minimum of 2,000 square feet to a maximum contiguous space of 3,641 square feet, providing flexibility for various business needs. The property sits on an 8.98-acre lot and is zoned B2. Its prime location on E Long Lake Rd at Livernois boasts high visibility, with over 40,500 daily views. The center is anchored by national retailers Kroger and CVS, ensuring a steady flow of customers. This established commercial environment provides an ideal setting for businesses seeking a thriving location to expand or establish their presence. The property is situated in Oakland County, Michigan, offering easy access to major transportation routes and a strong local economy. This is a rare opportunity to secure retail space in a highly desirable and well-established shopping center.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1973
Total area
124,429 SF
Lot
8.98 ac (391,169 SF)
Zoning code
B-2
APN
88-20-10-351-018
UPID
US43-1253380
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Atm Currency Exchange Service
-
Grocery & Convenience Store Food Market
-
Physician
-
Food Market Restaurant
-
Shipping Company Freight Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.88M
Blend (final)
Blend
$15.88M
Owner & transaction history
since 2001
6 recorded transactions
Zoning & alternative use
B-2 · Troy, MI
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
4 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$15.88M
Value range
$14.29M – $17.46M
±10% around blend
Estimated value / SF
$128 / SF
Confidence
Property data
88
Market benchmarks
67
Comparable evidence
60
Income certainty
100
$14.29M
blend $15.88M
$17.46M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
124,429 SF
Lot area
8.98 ac
Year built
1973
Stories
1
APN
88-20-10-351-018
Assessed value
$5,358,390
Annual tax
$129,738
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$129,738
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$15.88M
Range $15.87M – $30.43M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$15.88M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 71 sales
$183
-30%
County 344 sales
$176
-28%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $128/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$179k
Move the market yield to see immediate price impact.
Value / SF
$1
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$11k
$226k
$161k
$125k
$13k
$251k
$179k
$139k
$14k
$276k
$197k
$153k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$129,738
Tax year 2022
Assessed value
$5,358,390
Assessed 2022
Previous assessed
$5,358,390
+0.0% YoY
Effective rate
2.42%
On assessed value
Total market value
$10,716,780
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1973
Heating
PACKAGE
Stories
1
Total area
124,429 SF
Lot
8.98 ac (391,169 SF)
Zoning code
B-2
APN
88-20-10-351-018
UPID
US43-1253380
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Troy, MIZoning B-2 · permitted uses
B-2 · Troy, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1973
Heating
PACKAGE
Stories
1
Lot
8.98 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
B-2
Jurisdiction
Troy, MI
Recorded code
B-2
Ownership Intelligence
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What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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