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    1840 Telegraph Rd Dearborn, MI 48128
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    1840 Telegraph Rd Dearborn, MI 48128

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    • Commercial real estate
    • 2,200 SF
    • 0.26 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dina Aesthetics / Medical Clinic / Skin Care Clinic
    • SALON LIV Spa & Tanning / Barber Shop

    Property Details for 1840 Telegraph Rd

    Year built
    1964
    Lot size
    0.26 lot acres
    Property size
    2,200 SF
    Property type
    Commercial real estate

    Description

    This thriving, established women's salon in Dearborn, Michigan, presents a unique investment opportunity. Priced at $50,000, this turnkey business occupies a 2,200 square foot space in a single-story, 1964-built building situated on a 0.26-acre lot. The property features twelve styling chairs, three private rooms (one with an en-suite bathroom), four shampoo sinks, and ample storage. Recent upgrades include new flooring throughout. The salon benefits from excellent natural lighting and a prime location with access to a digital sign for enhanced visibility. Monthly rent is $3,500 plus utilities, and shared parking is available. The property's Assessed Parcel Number (APN) is 32820916109003. This is a single-unit business, ideal for an owner-operator or investor seeking a profitable, established enterprise. Note that an adjacent men's salon is not included in this sale. The property is located at 1840 N Telegraph Rd, Dearborn, MI 48128, in Wayne County. This represents a strong value proposition, with a price per square foot of $22.73. The business is categorized as "Business Only" and is offered as an investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Dearborn
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2718
    Latitude
    42.3247

    Comparable in this City

    • Value Estimation
      $645,000
      3,932 SF

      18108 Outer Dr

      BOARDING/ROOMING HOUSE • 3,932 SF
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    • Value Estimation by Request
      161.78 Acres

      2230 Golfview Dr

      COMMERCIAL (GENERAL) • 161.78 Acres
      2230 Golfview Dr, Dearborn, MI 48128
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    • Value Estimation by Request
      74.00 Acres

      5101 Evergreen Rd

      COMMERCIAL (GENERAL) • 74.00 Acres
      5101 Evergreen Rd, Dearborn, MI 48128-2407
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    • Value Estimation by Request
      2.51 Acres

      5001 Evergreen Rd

      COMMERCIAL (GENERAL) • 2.51 Acres
      5001 Evergreen Rd, Dearborn, MI 48128-1432
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    • Value Estimation by Request
      0.11 Acres

      520 Telegraph Rd

      COMMERCIAL (GENERAL) • 0.11 Acres
      520 Telegraph Rd, Dearborn, MI 48128-1658
      View Details
    • Value Estimation by Request
      1,742 SF

      936 Telegraph Rd

      COMMERCIAL (GENERAL) • 1,742 SF
      936 Telegraph Rd, Dearborn, MI 48128-1621
      View Details

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    Dearborn, MI 48128
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    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
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