Property profile

1039 Washington St Dearborn, MI 48124

OFF-MARKET
Medical Office Space
Property ID
US43-0701084
3,642 SF 0.24 ac lot Built 1995
Entity Owned 1-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1995
Total area 3,642 SF
Lot 0.24 ac (10,454 SF)
Zoning code BC
APN 82 09 214 07 003
UPID US43-0701084

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Medical Clinic
  • Alternative Medicine Practice

Location

1039 Washington St Dearborn, MI 48124-2016
Dearborn metro Census 574900 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$465k
Blend (final) Blend
$310k

Owner & transaction history

since 2024
Last sale
$650,000
2 recorded transactions
2024
$650,000
2024
Price N/A

Zoning & alternative use

BC · Dearborn, MI
Zoning description

R-D, AND R-E MULTIPLE FAMILY RESIDENTIAL DISTRICTS[1] ARTICLE 13.00 - O-S, BUSINESS OFFICE DISTRICT[1] ARTICLE 14.00 - B-A, LOCAL BUSINESS DISTRICT[1] ARTICLE 15.00 - B-B, COMMUNITY BUSINESS DISTRICT[1] ARTICLE 16.00 - B…

General category COMMERCIAL
Top alternative use upside
Office building $540,000 +40.5%
Retail stores $425,000 +11.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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