Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    507 Commerce Rd Commerce Township, MI 48382-3924

    • Medical offices
    • 2,152 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimation
    $385,000
    Last Sale
    Feb 04, 2021
    $350,000
    Location Intelligence
    Property ID
    US43-2918290
    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.

    Current Use by Public Records

    • Medical offices

    Property Details for 507 Commerce Rd

    Year built
    1910
    Lot size
    0.16 lot acres
    Property size
    2,152 SF
    Property type
    Medical offices
    Property subtype
    Medical space
    APN
    E -17-10-404-032
    APU
    E1710404032

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $370,000

    • CAP approach

      CAP return
      Estimation
      6%
      $400,000
      6.5%
      $400,000
      7%
      $385,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $450,000
      Geo Method
      $380,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $455,000
      Retail
      $445,000
      Mixed-Use
      $355,000
      Hospitality
      $390,000
      Educational
      $480,000
      Residential Income
      $410,000
      Energy
      $410,000
      Income-Based Land
      $460,000
      Food Service
      $430,000

    Location Insight

    • Map
    • Local Demand
    City
    Commerce Township
    County
    Oakland
    State
    Michigan
    Longitude
    -83.4862
    Latitude
    42.5909
    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
    $5,686
    $0.00
    $0.00
    $129,190
    -
    $0.00
    $0.00
    $258,380

    Comparable in this City

    • Value Estimation by Request
      3,864 SF

      8800 Commerce Rd

      MEDICAL BUILDING • 3,864 SF
      8800 Commerce Rd, Commerce Township, MI 48382-4413
      View Details
    • Value Estimation by Request
      4,324 SF

      9640 Commerce Rd, Unit 2

      MEDICAL BUILDING • 4,324 SF
      9640 Commerce Rd, Commerce Township, MI 48382-4166
      View Details
    • Value Estimation by Request
      1,430 SF

      415 Commerce Rd, Unit 2

      MEDICAL BUILDING • 1,430 SF
      415 Commerce Rd, Commerce Township, MI 48382-3922
      View Details
    • Value Estimation by Request
      2,904 SF

      9640 Commerce Rd, Unit 8

      MEDICAL BUILDING • 2,904 SF
      9640 Commerce Rd, Commerce Township, MI 48382-4166
      View Details
    • Value Estimation by Request
      2,809 SF

      9600 Commerce Rd

      DENTAL BUILDING • 2,809 SF
      9600 Commerce Rd, Commerce Township, MI 48382-4111
      View Details
    • Value Estimation by Request
      970 SF

      9640 Commerce Rd

      MEDICAL BUILDING • 970 SF
      9640 Commerce Rd, Commerce Township, MI 48382-4166
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      21,000 SF

      Medical Building on Union Lake

      Multi-tenant medical building with high traffic signage available.
      Commerce Township, MI 48382
      View Details
    • $400,000
      1,100 SF

      Updated Office Space For Sale

      Updated 1,100 SF office space with excellent visibility.
      3315 Union Lake Rd, Commerce Township, MI 48382
      View Details
    • $310,000
      2.88 Acres

      Spacious Homesite in Commerce Township

      Premier 2.8-acre lot for custom home in Commerce Twp.
      2610 N Wixom Rd, Commerce Twp, MI 48382
      View Details
    • $124,999
      0.57 Acres

      Commerce Twp Corner Lot

      Corner lot in Commerce Twp with lake views and utilities.
      8330 Dickert St, Commerce Twp, MI 48382
      View Details
    • $105,000

      Vacant Land on Union Lake

      Build site with business zoning and lake views.
      1990 Un Lk Rd Rd, Commerce Township, MI 48382
      View Details
    • $100,000
      1.61 Acres

      Land in Commerce Twp, MI

      1.61 acre land parcel in Commerce Twp, Michigan.
      24 Sleeth Rd, Commerce Twp, MI 48382
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      27,711 SF

      Pine Cove Plaza: Medical Office Space

      Commerce Twp Medical Office Suites Available
      8350 Richardson Ave, Commerce Charter Township, MI 48382
      View Details
    • $3,438 /Mo

      Renovated Office/Medical Building Space

      Recently updated office/medical space with ample parking.
      3133 Flr Full, Commerce Township, MI 48382
      View Details
    • $19 SF/Yr
      1,052 SF

      Medical Building on Union Lake

      Professionally managed medical building in a growing community.
      8391 Commerce Rd, Commerce Township, MI 48382
      View Details
    • $12 SF/Yr
      22,236 SF

      R&M Plaza: Commerce Twp Retail Space

      High-traffic retail/office space, newly renovated.
      1529-1575 Un Lk Rd, Commerce Charter Township, MI 48382
      View Details
    • $15 SF/Yr
      3,562 SF

      Union Lake Road Retail Space

      Prime Commerce Twp retail, 3,562 SF.
      2515 Un Lk Rd, Commerce Charter Township, MI 48382
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    507 Commerce Rd
    Commerce Township, MI 48382-3924
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.