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    Property profile & analytics

    Commerce Township, MI 48382

    • Commercial real estate
    • 0.08 lot acres
    OFF-MARKET
    Value Estimation
    $395,000
    Last Sale
    Mar 09, 2022
    $355,000
    Location Intelligence
    Property ID
    US43-2516329
    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

    • Commercial real estate

    Property Details

    Lot size
    0.08 lot acres
    Zone code
    SV
    Property type
    Commercial real estate
    APN
    E -17-01-127-009
    APU
    E1701127009

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $445,000

    • CAP approach

      CAP return
      Estimation
      6%
      $345,000
      6.5%
      $290,000
      7%
      $295,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $275,000
      Geo Method
      $355,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $350,000
      Retail
      $360,000
      Mixed-Use
      $365,000
      Hospitality
      $330,000
      Educational
      $330,000
      Residential Income
      $280,000
      Energy
      $370,000
      Income-Based Land
      $385,000
      Food Service
      $310,000

    Location Insight

    • Map
    • Local Demand
    City
    Commerce Township
    County
    Oakland
    State
    Michigan
    Longitude
    -83.4545
    Latitude
    42.6126
    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
    $689
    $0.00
    $0.00
    $17,250
    -
    $0.00
    $0.00
    $34,500

    Comparable in this City

    • Value Estimation by Request
      27,711 SF

      8350 Richardson Ave

      Medical offices • 27,711 SF
      8350 Richardson Ave, Commerce Charter Township, MI 48382
      View Details
    • Value Estimation by Request
      0.46 Acres

      1990 Un Lk Rd

      Land • 0.46 Acres
      1990 Un Lk Rd, Commerce Charter Township, MI 48382
      View Details
    • Value Estimation by Request

      2950 Log Cabin Dr

      COMMERCIAL (GENERAL)
      2950 Log Cabin Dr, Commerce Township, MI 48382
      View Details
    • Value Estimation by Request
      1.29 Acres

      6011 Majestic Oaks Dr

      COMMERCIAL (GENERAL) • 1.29 Acres
      6011 Majestic Oaks Dr, Commerce Township, MI 48382-1193
      View Details
    • Value Estimation by Request
      2,000 SF

      Commerce Township, MI 48382

      COMMERCIAL (GENERAL) • 2,000 SF
      Commerce Township, MI 48382
      View Details
    • Value Estimation by Request
      61.73 Acres

      Commerce Township, MI 48382

      COMMERCIAL (GENERAL) • 61.73 Acres
      Commerce Township, MI 48382
      View Details

    Similar Nearby for Sale

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      Commerce Twp Commercial Land

      Prime 0.61-acre lot, redevelopment potential.
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    • $5,000,000
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      Commerce Twp Commercial Land

      15.68 Acres, B-2 Zoning, Prime Location
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      Commerce Twp Corner Lot

      Corner lot in Commerce Twp with lake views and utilities.
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    • $400,000
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      Updated Office Space For Sale

      Updated 1,100 SF office space with excellent visibility.
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    • Contact for pricing
      21,000 SF

      Medical Building on Union Lake

      Multi-tenant medical building with high traffic signage available.
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    • $105,000

      Vacant Land on Union Lake

      Build site with business zoning and lake views.
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    Similar Nearby for Lease

    • $3,438 /Mo

      Renovated Office/Medical Building Space

      Recently updated office/medical space with ample parking.
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    • $15 SF/Yr
      3,562 SF

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      Prime Commerce Twp retail, 3,562 SF.
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    • 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
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    • $19 SF/Yr
      1,052 SF

      Medical Building on Union Lake

      Professionally managed medical building in a growing community.
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    • $1,719 /Mo

      Renovated Office/Medical Building For Rent

      Recently updated office/medical building with ample parking.
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    • $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
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    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
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