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Property profile & analytics
OFF-MARKET
Estimated value
$16,480,000
Manufacturing properties
6880 Commerce Blvd Canton, MI 48187-4457
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US43-0310328
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2005
Total area
204,978 SF
Lot
10.28 ac (447,797 SF)
Zoning code
LI-1
APN
71 045 99 0008 702
UPID
US43-0310328
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
-
Lotus International Company Industrial Manufacturer Production Facility
-
MMS Holdings Inc. Factory Production Facility
-
TrialAssure (Bike/Boat/Book/etc) Store Corporate Office
-
MMS University University
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.48M
Blend (final)
Blend
$16.48M
Owner & transaction history
Lotus Securities Holdings LLC · 20 yrs held
Lotus Securities Holdings LLC
since 2005
5 recorded transactions
Zoning & alternative use
LI-1 · Canton, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$27.3M
+95.6%
Auto repair, garage
$22.5M
+61.4%
Retail stores
$22.0M
+57.8%
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 Canton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Canton 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
INDUSTRIAL (GENERAL)
$13,945,000
Current use
OFFICE BUILDING
$27,275,000
Change: +96% · Conversion: Difficult
AUTO REPAIR, GARAGE
$22,505,000
Change: +61% · Conversion: Easy
RETAIL STORES
$22,005,000
Change: +58% · Conversion: Moderate
MEDICAL BUILDING
$19,940,000
Change: +43% · Conversion: Difficult
Blend value · Realmo final
$16.48M
Range $14.83M – $18.13M · ±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
$80 / 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
$297,233
Tax year 2023
Assessed value
$6,021,600
Assessed 2024
Previous assessed
$5,713,700
+5.4% YoY
Effective rate
4.94%
On assessed value
Total market value
$12,043,200
Applied tax rate
82,100.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2005
Heating
FORCED AIR
Stories
1
Total area
204,978 SF
Lot
10.28 ac (447,797 SF)
Zoning code
LI-1
APN
71 045 99 0008 702
UPID
US43-0310328
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
LI-1 · Canton, MI
Zoning LI-1 · permitted uses
LI-1 · Canton, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Canton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$13.9M
OFFICE BUILDING
Est. value
$27.3M
AUTO REPAIR, GARAGE
Est. value
$22.5M
RETAIL STORES
Est. value
$22.0M
MEDICAL BUILDING
Est. value
$19.9M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL 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
2005
Heating
FORCED AIR
Stories
1
Lot
10.28 ac
Current owner
From public records · entity-resolved
Lotus Securities Holdings LLC
Entity
Mailing address
6880 COMMERCE BLVD, CANTON, MI 48187-4457
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2021
—
Lotus Securities Holdings LLC
—
Deed
related
$1,000 · First Merchants Bank
Apr 23, 2018
—
Lotus Securities Holdings LLC
—
Deed
related
$25,100,000 · Comerica Bk
Sep 14, 2005
—
Lotus Securities Holdings LLC
Lotus International Co
Quit Claim Deed
related
$10,750,000 · Comerica Bank
—
—
Lotus Securities Holdings LLC
—
Loan Modification
related
$24,421 · Comerica Bk
—
—
Lotus Securities Holdings LLC
—
Loan Modification
related
$25,100,000 · Comerica 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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