Financial
Distress signals
Property profile

10425 W Warren Ave Dearborn, MI 48126

FOR LEASE
Grocery and convenience stores
Property ID
US43-0402738
3,189 SF 0.1 ac lot Built 1993
Last sale Mar 2023 · $525,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a commercial space located in the downtown East Dearborn business district, in a high-traffic area with over 45,000 vehicles passing through the vicinity daily. It is zoned B-B (Community Business District) and is configured for multiple potential uses, including retail, restaurants, services, offices, and rentals. The interior has been updated with new flooring, drywall, and paint. The surrounding area is rated with a walk score of 50, a bike score of 47, and a transit score of 41, indicating some walk, bicycle, and public transit accessibility.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$10k
Tax billed · 2023
Assessed value · 2024$165k
Effective rate6.28%

Value estimate

· Sep 2026
$445k
$401k – $490k
NOI build-up
Gross scheduled income$61k
Vacancy & credit loss−$3k
Operating expenses−$17k
NOI · 967.76% cap applied$41k

Realmo valuation models over county records and 16 qualifying comparable sales.

Recently sold

What actually traded nearby?
$108/SF
ZIP average, outlier-cleaned · 34 recorded sales of this use type
Observed band · Q1–Q3$70 – $136
Qualifying comparables16

Cap rate analysis

How does the asset earn?
967.76%
$41k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
BB
SIDENTIAL PRESERVATION DISTRICT ARTICLE 12.00 - R-C, R-D, AND R-E MULTIPLE FAMILY RESIDENTIAL DISTRICTS[1] ARTICLE 13.00 - O-S, BUSINESS ...
General categoryCOMMERCIAL
JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency15.0
Kitchen & Bath11.2
Spa & Massage11.1

Location

10425 W Warren Ave Dearborn, MI 48126
County assessor Recorded deeds · 6 transfers 16 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
13102 Michigan, Dearborn, MI 48126-3531 $1,200,000 Jan 2025 3,388 SF
10000 Frd, Dearborn, MI 48126-3329 $1,600,000 Jan 2025 3,408 SF
4423 Schaefer, Dearborn, MI 48126-3607 $635,000 Sep 2024 3,516 SF
13537 Michigan, Dearborn, MI 48126-3510 $235,000 Aug 2024 3,062 SF
7551 Wyoming, Dearborn, MI 48126-1681 $575,000 Jan 2024 2,560 SF
13255 Michigan, Dearborn, MI 48126-3538 $196,220 Aug 2023 2,897 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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