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    3155 Dallavo Ct Walled Lake, MI 48390
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    Property profile & analytics

    3155 Dallavo Ct Walled Lake, MI 48390

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    • Life science properties
    • 8,996 SF
    • 3.85 lot acres
    For Sale
    $1,599,999
    View Listing →
    Pinewood Industrial Park Warehouse For Sale
    $1,599,999
    9,600 SF

    Pinewood Industrial Park Warehouse

    Warehouse with air conditioning and corporate office in Pinewood.

    Walled Lake, MI 48390
    View Listing
    Property ID
    US43-0215065
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    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 3155 Dallavo Ct

    Year built
    1988
    Lot size
    3.85 lot acres
    Property size
    8,996 SF
    Zone code
    II
    Property type
    Life science properties
    APN
    E -17-24-127-003
    APU
    E1724127003

    Description

    This exceptional 4-acre manufacturing facility, located at 3155 Dallavo Ct in Commerce Charter Township, Oakland County, Michigan (zip code 48390), presents a significant investment opportunity. Priced at $1,700,000, the property boasts a high-image corporate office and warehouse space within the desirable Pinewood Industrial Park. The building features air conditioning throughout, ensuring a comfortable and productive work environment. A convenient truck well is included, facilitating efficient loading and unloading operations. The strategic location offers excellent accessibility, situated just a quarter-mile from Martin Parkway (M-5), providing seamless connectivity to major transportation routes. This property is ideal for businesses seeking a well-maintained, modern facility in a prime industrial location. The property's address is 3155 Dallavo Ct, Commerce Charter Township, MI 48390. The geographic coordinates are latitude 42.56664830139187 and longitude -83.45358801062824. This is a rare opportunity to acquire a high-quality manufacturing facility in a thriving industrial park.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Commerce Township
    County
    Oakland
    State
    Michigan
    Longitude
    -83.4539
    Latitude
    42.5671
    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
    $14,265
    $0.00
    $0.00
    $437,150
    -
    $0.00
    $0.00
    $874,300

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      4359 Pineview Dr

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      4204 Martin Rd E E Ste

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      4191 Pioneer Dr

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    • $1,599,999
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      Pinewood Industrial Park Warehouse

      Warehouse with air conditioning and corporate office in Pinewood.
      3155 Dallavo Ct, Walled Lake, MI 48390
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      Retail Strip Center For Sale

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      Residential Land in Commerce Township

      1.2 acre residential land parcel in Oakland County, Michigan.
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      1.12 Acres

      Residential Land in Commerce Township

      Residential land for sale in Commerce Twp, Michigan.
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      Land For Sale

      Land available for sale.
      3003 Commerce Crossing Rd, Walled Lake, MI 48390
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    Similar Nearby for Lease

    • Contact for pricing

      Walled Lake Industrial Property

      Industrial property available for rent in Walled Lake, Michigan.
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      Walled Lake Industrial Space Available

      Industrial property available for lease in Walled Lake, Michigan.
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      Commerce Twp Office/Warehouse Space

      Office and warehouse spaces for lease in Commerce Township.
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      Industrial Units For Rent

      Industrial units available for rent with shared truckwell.
      3275-3285 Martin Rd, Commerce Township, MI 48390
      View Details
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      Industrial Building For Lease

      4,200 square foot multi-tenant industrial building available for lease.
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      Commerce Charter Township Warehouse Space

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      3000 N Pontiac Trl, Walled Lake, MI 48390
      View Details
    View Listing
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    Walled Lake, MI 48390
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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.

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