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    Property profile & analytics

    12851 Prospect St Dearborn, MI 48126-3651

    • Auto shops
    • 20,770 SF
    • 5.02 lot acres
    OFF-MARKET
    Value Estimation
    $1,260,000
    Last Sale
    Jan 21, 2021
    $1,300,000
    Location Intelligence
    Property ID
    US43-1076793
    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

    • Great Western Leasing & Sales Services Center / Trailer Repair Shop
    • Great Western Trailer Service Center / Trailer Repair Shop
    • Great Western Trailer Sales / Trailer Dealer / Trailer Rental Service

    Property Details for 12851 Prospect St

    Year built
    1966
    Lot size
    5.02 lot acres
    Property size
    20,770 SF
    Zone code
    IB
    Property type
    Auto shops
    APN
    82 10 173 09 009
    APU
    821017309009

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,160,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,330,000
      6.5%
      $1,385,000
      7%
      $1,330,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,115,000
      Geo Method
      $1,480,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,445,000
      Retail
      $1,495,000
      Mixed-Use
      $1,360,000
      Hospitality
      $1,590,000
      Educational
      $1,405,000
      Residential Income
      $1,620,000
      Energy
      $1,345,000
      Income-Based Land
      $1,575,000
      Food Service
      $1,590,000

    Location Insight

    • Map
    • Local Demand
    City
    Dearborn
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1681
    Latitude
    42.319
    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
    2023
    $35,221
    $0.00
    $0.00
    $463,100
    -
    $0.00
    $0.00
    $926,200

    Comparable in this City

    • Value Estimation by Request
      6,696 SF

      8551 Tireman Ave

      AUTO REPAIR, GARAGE • 6,696 SF
      8551 Tireman Ave, Dearborn, MI 48126-1268
      View Details
    • Value Estimation by Request
      36,596 SF

      14201 Prospect St

      AUTO REPAIR, GARAGE • 36,596 SF
      14201 Prospect St, Dearborn, MI 48126-3687
      View Details
    • Value Estimation by Request
      2,993 SF

      6942 Greenfield Rd

      AUTO REPAIR, GARAGE • 2,993 SF
      6942 Greenfield Rd, Dearborn, MI 48126-1702
      View Details
    • Value Estimation by Request
      2,540 SF

      6411 Schaefer Rd

      AUTO REPAIR, GARAGE • 2,540 SF
      6411 Schaefer Rd, Dearborn, MI 48126-2212
      View Details
    • Value Estimation by Request
      16,624 SF

      4100 Stecker St

      AUTO REPAIR, GARAGE • 16,624 SF
      4100 Stecker St, Dearborn, MI 48126-3892
      View Details
    • Value Estimation by Request
      1,936 SF

      14747 Frd Rd

      AUTO REPAIR, GARAGE • 1,936 SF
      14747 Frd Rd, Dearborn, MI 48126-3040
      View Details

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      Dearborn Commercial Property For Rent

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    • $2,300 /Mo

      New Retail Space Available

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      East Dearborn Commercial Space Available

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    12851 Prospect St
    Dearborn, MI 48126-3651
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    Realmo Value Estimation

    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.

    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.

    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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