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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Office buildings
8255 Cascade St, Commerce Township, MI 48382-4773
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-0121065
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1991
Total area
3,060 SF
Lot
0.51 ac (22,216 SF)
Zoning code
BI
APN
E -17-01-205-006
UPID
US43-0121065
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
$535k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$510k
Blend (final)
Blend
$535k
Owner & transaction history
Up North Properties Commerce LLC · 1 yrs held
Up North Properties Commerce LLC
since 2024
Last sale
$535,000
3 recorded transactions
Zoning & alternative use
BI · Commerce Township, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$540,000
+50.2%
Retail stores
$515,000
+43.9%
Medical building
$485,000
+34.6%
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
$535,000
ML approach
$535,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$360,000
Current use
COMMERCIAL (GENERAL)
$540,000
Change: +50% · Conversion: Easy
RETAIL STORES
$515,000
Change: +44% · Conversion: Moderate
MEDICAL BUILDING
$485,000
Change: +35% · Conversion: Easy
AUTO REPAIR, GARAGE
$375,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±10% · vs last sale $535k (Dec 2 2024)
Last sale anchor
$535k
Dec 2 2024
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
$175 / 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
$10,176
Tax year 2023
Assessed value
$250,610
Assessed 2024
Previous assessed
$248,410
+0.9% YoY
Effective rate
4.06%
On assessed value
Total market value
$501,220
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
1991
Heating
BASEBOARD
Stories
1
Units
1
Bathrooms
1
Total area
3,060 SF
Lot
0.51 ac (22,216 SF)
Zoning code
BI
APN
E -17-01-205-006
UPID
US43-0121065
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
OFFICE BUILDING Current
Est. value
$360,000
COMMERCIAL (GENERAL)
Est. value
$540,000
RETAIL STORES
Est. value
$515,000
MEDICAL BUILDING
Est. value
$485,000
AUTO REPAIR, GARAGE
Est. value
$375,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1991
Heating
BASEBOARD
Stories
1
Units
1
Bathrooms
1
Lot
0.51 ac
Current owner
From public records · entity-resolved
Up North Properties Commerce LLC
Entity
Free & Clear · 1 yrs held
Mailing address
8596 OAKSIDE AVE, COMMERCE TOWNSHIP, MI 48382-3762
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2024
$535,000
Up North Properties Commerce LLC
Cascade Management LLC
Warranty Deed
—
May 7, 2015
—
Cascade Management LLC
Scheppler Helen J
Quit Claim Deed
related
—
Aug 15, 2000
—
William E Scheppler
Bailey,bruce & Jean
Grant 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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