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Property profile & analytics
OFF-MARKET
Office buildings
3221 Un Lk Rd, Commerce Township, MI 48382-4576
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1230752
Property summary
AI-generated overview
This exceptional 0.61-acre commercial land parcel, located at 3221 Union Lake Road in Commerce Charter Township, Oakland County, Michigan (48382), presents a unique redevelopment opportunity. The property boasts 150 feet of frontage and a depth of 177 feet, offering ample space for a variety of commercial ventures. Currently zoned for business use, the site includes a vacant single-family rental, providing immediate income potential while development plans are underway. This strategic location benefits from its proximity to established retail anchors, including Kroger, Urban Air, and ACE Hardware, ensuring high visibility and convenient access for future businesses. Commerce Township is experiencing significant growth and development, making this property an ideal investment for those seeking to capitalize on the area's upward trajectory. The property's APN is B1
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1910
Total area
1,360 SF
Lot
0.61 ac (26,572 SF)
Zoning code
BI
APN
E -17-12-476-001
UPID
US43-1230752
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jml Estates LLC · 12 yrs held
Jml Estates LLC
since 2013
2 recorded transactions
Zoning & alternative use
BI · Commerce Township, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,098
Tax year 2023
Assessed value
$128,730
Assessed 2024
Previous assessed
$123,950
+3.9% YoY
Effective rate
3.96%
On assessed value
Total market value
$257,460
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
Off-Market
Year built
1910
Heating
FORCED AIR
Stories
1
Units
1
Total area
1,360 SF
Lot
0.61 ac (26,572 SF)
Zoning code
BI
APN
E -17-12-476-001
UPID
US43-1230752
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.
Building & site characteristics
From public records
Year built
1910
Heating
FORCED AIR
Stories
1
Units
1
Lot
0.61 ac
Current owner
From public records · entity-resolved
Jml Estates LLC
Entity
Free & Clear · 12 yrs held
Mailing address
25046 SAMOSET CT, NOVI, MI 48374-2165
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2013
$75,000
Jml Estates LLC
Vreeland W Living Trust
Warranty Deed
—
Jan 11, 2008
—
Vreeland W A & M Living Trust
Vreeland,william A & M Maureen
Quit Claim Deed
related
—
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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