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    Property profile & analytics

    3969 Dix Hwy Lincoln Park, MI 48146-3939

    • Office buildings
    • 1,100 SF
    • 0.09 lot acres
    OFF-MARKET
    Last Sale
    Apr 26, 2024
    $100,000
    Value Estimations
    $100,000
    Show details
    Cap Rate Potential
    4%
    Office buildings
    Location Intelligence
    Property ID
    US43-1279357
    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 Parts Empire / Auto Parts Store

    Property Details for 3969 Dix Hwy

    Year built
    1952
    Lot size
    0.09 lot acres
    Property size
    1,100 SF
    Property type
    Office buildings
    APN
    45 022 01 0149 301
    APU
    45022010149301

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $100,000
      ML approach
      $100,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $65,000
      6.5%
      $60,000
      7%
      $60,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $110,000
      Market price range: $52.0k - $168k
      AI Estimate
      $110,000
      Market price range: $52.0k - $168k

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

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln Park
    County
    Wayne
    State
    Michigan
    Longitude
    -83.194
    Latitude
    42.2263
    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
    2019
    $3,318
    $0.00
    $0.00
    $48,500
    -
    $0.00
    $0.00
    $97,000

    Comparable in this City

    • Value Estimation by Request
      1,561 SF

      2079 Ft St

      OFFICE BUILDING • 1,561 SF
      2079 Ft St, Lincoln Park, MI 48146-2402
      View Details
    • Value Estimation by Request
      1,200 SF

      1579 Dix Hwy

      OFFICE BUILDING • 1,200 SF
      1579 Dix Hwy, Lincoln Park, MI 48146-1446
      View Details
    • Value Estimation by Request
      2,166 SF

      957 Dix Hwy

      OFFICE BUILDING • 2,166 SF
      957 Dix Hwy, Lincoln Park, MI 48146-1256
      View Details
    • Value Estimation by Request
      920 SF

      3372 Dix Hwy

      OFFICE BUILDING • 920 SF
      3372 Dix Hwy, Lincoln Park, MI 48146-3416
      View Details
    • Value Estimation by Request
      800 SF

      981 Dix Hwy

      OFFICE BUILDING • 800 SF
      981 Dix Hwy, Lincoln Park, MI 48146-1256
      View Details
    • Value Estimation by Request
      3,943 SF

      3528 Ft St

      OFFICE BUILDING • 3,943 SF
      3528 Ft St, Lincoln Park, MI 48146-4102
      View Details

    Similar Nearby for Sale

    • $200,000
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      Lincoln Park Medical Office Building

      4,300 SF Medical Office - $200K
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    • $200,000
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      Lincoln Park Medical/Office Building

      4,300 SF medical/office building in Lincoln Park for sale.
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    • Contact for pricing
      1,560 SF

      Lincoln Park Executive Office Space

      1,560 SF Office/Retail, Newly Renovated
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    • $990,000
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      Lincoln Park Office Building - $990K

      High-traffic corner office, 11,942 SF.
      4089 Dix Hwy, Lincoln Park, MI 48146
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    • $329,900
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      Updated Commercial Building with Warehouse

      Versatile updated commercial building with office and warehouse space.
      1378 Dix Hwy, Lincoln Park, MI 48146
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    • $298,000

      Commercial Building with Storefront

      Commercial building featuring offices, storefront, work area, and storage.
      1586 Fort St, Lincoln Park, MI 48146
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    Similar Nearby for Lease

    • $2,000 /Mo
      1,771 SF

      Prime Retail Space on Fort

      Turn-key 1,800 sq ft commercial space for lease.
      3769 Fort St, Lincoln Park, MI 48146
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    • $14 SF/Yr
      1,560 SF

      Lincoln Park Executive Office Suite

      Modern Office, 1560 sq ft, For Lease
      3723 Fort St, Lincoln Park, MI 48146
      View Details
    • $2,500 /Mo
      1,500 SF

      Lincoln Park Commercial Space Available

      Commercial space ideal for retail, office, restaurant, or medical use.
      2476 Dix Hwy, Lincoln Park, MI 48146
      View Details
    • $2,500 /Mo

      Freestanding Building on Fort Street

      3,100+ sqft building for lease in busy area.
      3115 Fort St, Lincoln Park, MI 48146
      View Details
    • $1,300 /Mo

      Freestanding Corner Building For Lease

      1,800 sqft corner building on Dix Hwy in Lincoln Park.
      3929 Dix Hwy, Lincoln Park, MI 48146
      View Details
    • $11 SF/Yr
      8,000 SF

      Lincoln Park Retail/Office Space

      8,000 SF Multi-Tenant Retail & Office Opportunity
      1758 Fort St, Lincoln Park, MI 48146
      View Details
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    3969 Dix Hwy
    Lincoln Park, MI 48146-3939
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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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