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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5600 Walnut Lk Rd West Bloomfield, MI 48323-2370

    • Auto shops
    • 105,268 SF
    • 83.89 lot acres
    OFF-MARKET
    Value Estimations
    $4,830,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1605046
    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

    • Auto shops

    Property Details for 5600 Walnut Lk Rd

    Year built
    1967
    Lot size
    83.89 lot acres
    Property size
    105,268 SF
    Zone code
    MM
    Property type
    Auto shops
    APN
    X -18-21-351-007
    APU
    X1821351007

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,905,000
      Market price range: $5.91M - $21.0M
      AI Estimate
      $3,750,000
      Market price range: $3.75M - $16.0M

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

    Location Insight

    • Map
    • Local Demand
    City
    West Bloomfield
    County
    Oakland
    State
    Michigan
    Longitude
    -83.4035
    Latitude
    42.5649
    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
    $73,072
    $0.00
    $0.00
    $1,853,860
    -
    $0.00
    $0.00
    $3,707,720

    Comparable in this City

    • Value Estimation
      $510,000
      1,602 SF

      4220 Orch Lk Rd

      AUTO REPAIR, GARAGE • 1,602 SF
      4220 Orch Lk Rd, West Bloomfield, MI 48323-1645
      View Details
    • Value Estimation by Request
      810 SF

      4292 Grn Lk Rd

      AUTO REPAIR, GARAGE • 810 SF
      4292 Grn Lk Rd, West Bloomfield, MI 48323-1141
      View Details
    • Value Estimation
      $980,000
      4,542 SF

      2750 Haggerty Rd

      RESTAURANT • 4,542 SF
      2750 Haggerty Rd, West Bloomfield, MI 48323-2006
      View Details
    • Value Estimation
      $1,280,000
      16,892 SF

      4139 Orch Lk Rd

      REGIONAL SHOPPING CENTER, MALL • 16,892 SF
      4139 Orch Lk Rd, Orchard Lake, MI 48323-1641
      View Details
    • Value Estimation
      $525,000
      2,193 SF

      4100 Orch Lk Rd

      GROCERY, SUPERMARKET • 2,193 SF
      4100 Orch Lk Rd, Orchard Lake, MI 48323-1644
      View Details
    • Value Estimation
      $585,000
      3,186 SF

      4170 Orch Lk Rd

      RESTAURANT • 3,186 SF
      4170 Orch Lk Rd, Orchard Lake, MI 48323-1644
      View Details

    Similar Nearby for Sale

    • $995,000
      3.00 Acres

      3-Acre Wooded Parcel in Michigan

      3-acre wooded parcel in West Bloomfield, Oakland County, Michigan.
      6140 Pontiac Trl, West Bloomfield, MI 48323
      View Details
    • $700,000

      Land For Sale

      Land available for sale.
      6978 Colony Dr, West Bloomfield, MI 48323
      View Details
    • $389,000
      0.54 Acres

      Residential Land in West Bloomfield

      Half-acre residential lot in a prime West Bloomfield location.
      0000 Orchard Lake Rd, West Bloomfield, MI 48323
      View Details
    • $399,980
      2.55 Acres

      Residential Land in West Bloomfield

      2.55 acres of prime residential land ready for development.
      7230 Walnut Lk Rd Rd, West Bloomfield, MI 48323
      View Details
    • $1,500,000
      5.82 Acres

      West Bloomfield Vacant Land Parcel

      5.82 acres of residential land in West Bloomfield Township.
      7545/7585 Pontiac Trl, West Bloomfield, MI 48323
      View Details
    • $64,900
      0.23 Acres

      Residential Land Near Golf Course

      Vacant land with beach and golf course access.
      7381 Crestmore St, West Bloomfield, MI 48323
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,652 SF

      Retail Space at Prime Location

      Retail spaces available at high-traffic corner location.
      4763-4901 Haggerty Rd, West Bloomfield, MI 48323
      View Details
    • $25 SF/Yr
      14,814 SF

      West Bloomfield Medical Office Space

      Modern medical office suite available.
      4295-4395 Orch Lk Rd, West Bloomfield Township, MI 48323
      View Details
    • Contact for pricing
      31,363 SF

      West Bloomfield Commercial Land Parcel

      0.72-acre lot, ideal for ground lease or build-to-suit.
      2590 Haggerty Rd, West Bloomfield Township, MI 48323
      View Details
    • Contact for pricing
      10,797 SF

      Haggerty Road Flex/Office Space

      Flex and office suites available with frontage on Haggerty Road.
      3160 Haggerty Rd, West Bloomfield, MI 48323
      View Details
    • Contact for pricing
      87,120 SF

      Pontiac Trail Industrial Land

      2.13 Acres, I-OP Zoning, Build-to-Suit
      7791 Pontiac Trl, West Bloomfield Township, MI 48323
      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.
    5600 Walnut Lk Rd
    West Bloomfield, MI 48323-2370
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.