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Property profile & analytics
OFF-MARKET
Estimated value
$1,185,000
Turn key restaurants
500 Loop Rd Commerce Township, MI 48390-3083
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0635423
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2003
Total area
6,465 SF
Lot
1.88 ac (81,893 SF)
Zoning code
BI
APN
E -17-36-200-032
UPID
US43-0635423
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
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.32M
Blend (final)
Blend
$1.19M
Owner & transaction history
Costco Wholesale Corporation · 1 yrs held
Costco Wholesale Corporation
since 2025
7 recorded transactions
Zoning & alternative use
BI · Commerce Township, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+1.8%
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
RESTAURANT
$1,120,000
Current use
COMMERCIAL (GENERAL)
$1,140,000
Change: +2% · Conversion: Easy
RETAIL STORES
$1,090,000
Change: -2% · Conversion: Easy
MEDICAL BUILDING
$1,020,000
Change: -9% · Conversion: Difficult
OFFICE BUILDING
$1,005,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$1.19M
Range $1.07M – $1.30M · ±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
$183 / 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
$31,583
Tax year 2023
Assessed value
$738,200
Assessed 2024
Previous assessed
$784,450
-5.9% YoY
Effective rate
4.28%
On assessed value
Total market value
$1,476,400
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2003
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
6,465 SF
Lot
1.88 ac (81,893 SF)
Zoning code
BI
APN
E -17-36-200-032
UPID
US43-0635423
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
RESTAURANT Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.0M
OFFICE BUILDING
Est. value
$1.0M
RESTAURANT Current
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
OFFICE 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
2003
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.88 ac
Current owner
From public records · entity-resolved
Costco Wholesale Corporation
Entity
Mailing address
8364 COLONY DR, CLAY, MI 48001-4140
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2025
—
Costco Wholesale Corporation
Ira Investments III LLC
Deed
—
Mar 8, 2023
—
Jra Investments III LLC
Blue Wolverine Holdings LLC
Warranty Deed
—
Jun 15, 2022
—
Blue Wolverine Holdings LLC
—
Deed
related
$1,200,000 · Superior National Bank
Apr 11, 2019
—
Blue Wolverine Holdings LLC
—
Deed
related
$1,250,000 · Old National Bank
Jun 14, 2018
—
Blue Wolverine Holdings LLC
—
Deed
related
$750,000 · Main Street Bk
May 16, 2016
—
Blue Wolverine Holdings LLC
Long Investments LLC
Warranty Deed
$650,026 · Genisys Cu
Mar 6, 2012
—
Long Investments LLC
Victoria Land Partners LP
Grant Deed
$816,000 · Rbc Bank (usa)
Aug 18, 2004
—
North American Savings Bk
Victoria Land Ptr
Grant Deed
related
$1,912,207 · North American Savings Bank
—
—
Victoria Land Partners
—
Deed Of Trust
related
$1,912,207 · North American Savings Bank
—
—
Blue Wolverine Holdings LLC
—
Deed Of Trust
related
$750,000 · Main Street Bk
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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