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Property profile & analytics
OFF-MARKET
Estimated value
$8,605,000
Specialty properties
101 Lk Vlg Blvd Dearborn, MI 48120-1652
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US43-1376594
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1999
Total area
198,237 SF
Lot
11.07 ac (482,209 SF)
Zoning code
RE
APN
82 10 193 06 163
UPID
US43-1376594
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
-
Lake Village of Fairlane Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.60M
Blend (final)
Blend
$8.61M
Owner & transaction history
Berkadia Commercial Mortgage LLC · 3 yrs held
Berkadia Commercial Mortgage LLC
since 2023
6 recorded transactions
Zoning & alternative use
RE · Dearborn, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Dearborn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dearborn 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
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$6,415,000
Current use
Blend value · Realmo final
$8.61M
Range $7.74M – $9.47M · ±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
$43 / 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
$303,579
Tax year 2023
Assessed value
$10,313,700
Assessed 2024
Previous assessed
$10,102,800
+2.1% YoY
Effective rate
2.94%
On assessed value
Total market value
$20,627,400
Applied tax rate
82,030.0000
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1999
Heating
FORCED AIR
Stories
1
Total area
198,237 SF
Lot
11.07 ac (482,209 SF)
Zoning code
RE
APN
82 10 193 06 163
UPID
US43-1376594
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
RE · Dearborn, MI
Zoning RE · permitted uses
RE · Dearborn, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dearborn. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$6.4M
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
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
1999
Heating
FORCED AIR
Stories
1
Lot
11.07 ac
Current owner
From public records · entity-resolved
Berkadia Commercial Mortgage LLC
Entity
Mailing address
PO BOX 12670, COLUMBUS, OH 43212-0670
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2023
—
Berkadia Commercial Mortgage LLC
Ford Motor Land Development Corpora
Deed
$16,349,000 · Berkadia Commercial Mortgage LLC
Oct 2, 2014
$6,540,698
Cedar Lake Equity LLC
Lake Village Of Fairlane LLC
Grant Deed
—
Oct 2, 2014
—
Cedar Lake Equity LLC
—
Loan Modification
related
$11,440,000 · Midland Ln Svcs
Apr 28, 2008
—
Lvf Apartments LLC
Lake Village Of Fairlane LLC
Grant Deed
—
—
—
Lake Village Of Fairlane LLC
—
Deed Of Trust
related
$11,440,000 · Greystone Svcg
—
—
Cedar Lake Equity LLC
—
Loan Modification
related
$10,684,200 · Pnc 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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