Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    13233 Hancock Dr Taylor, MI 48180-4766

    • Manufacturing properties
    • 6,000 SF
    • 0.96 lot acres
    OFF-MARKET
    Last Sale
    Mar 04, 2024
    $255,000
    Value Estimations
    $265,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1368416
    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

    • United Steelworkers / Labor Union

    Property Details for 13233 Hancock Dr

    Year built
    1970
    Lot size
    0.96 lot acres
    Property size
    6,000 SF
    Zone code
    I-1
    Property type
    Manufacturing properties
    APN
    60 065 99 0006 003
    APU
    60065990006003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $255,000
      ML approach
      $255,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $380,000
      Market price range: $156k - $465k
      AI Estimate
      $380,000
      Market price range: $156k - $465k

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

    Location Insight

    • Map
    • Local Demand
    City
    Taylor
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2368
    Latitude
    42.2095
    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
    $7,379
    $0.00
    $0.00
    $124,500
    -
    $0.00
    $0.00
    $249,000

    Comparable in this City

    • Value Estimation by Request
      8,636 SF

      16650 Racho Blvd

      MANUFACTURING (LIGHT) • 8,636 SF
      16650 Racho Blvd, Taylor, MI 48180-6031
      View Details
    • Value Estimation by Request
      10,360 SF

      12101 Universal Dr

      MANUFACTURING (LIGHT) • 10,360 SF
      12101 Universal Dr, Taylor, MI 48180-4073
      View Details
    • Value Estimation by Request
      12,000 SF

      27258-27260 Wick Rd

      Distribution properties • 12,000 SF
      27258-27260 Wick Rd, Taylor, MI 48180
      View Details
    • Value Estimation by Request
      21,544 SF

      8400 Beech Daly Rd

      MANUFACTURING (LIGHT) • 21,544 SF
      8400 Beech Daly Rd, Taylor, MI 48180-2031
      View Details
    • Value Estimation by Request
      20,300 SF

      12701 Beech Daly Rd

      MANUFACTURING (LIGHT) • 20,300 SF
      12701 Beech Daly Rd, Taylor, MI 48180-3979
      View Details
    • Value Estimation by Request
      25,016 SF

      25210 Brest

      MANUFACTURING (LIGHT) • 25,016 SF
      25210 Brest, Taylor, MI 48180-4053
      View Details

    Similar Nearby for Sale

    • $14,900,000
      244,726 SF

      Taylor Industrial Facility For Sale

      244,726 SF industrial facility with heavy power distribution.
      6400 Monroe Blvd, Taylor, MI 48180
      View Details
    • $130,000
      1.49 Acres

      1.49 Acres Taylor Industrial Land

      Prime Taylor land, light industrial zoning, billboard lease.
      0 1.49 Acres – Superior Rd, Taylor, MI 48180
      View Details
    • $499,000
      182,690 SF

      Hancock Industrial Distribution Center

      182,690 SF Warehouse, $499,000
      13400 Hancock Dr, Taylor, MI 48180
      View Details
    • $1,500,000
      928 SF

      Taylor, MI Multi-Parcel Offering

      Multi-parcel commercial property with store, warehouse, cold storage, and apartments.
      5845 Beech Daly Rd, Taylor, MI 48180
      View Details
    • $249,900
      1,559 SF

      Taylor, MI Commercial Building For Sale

      Commercial building with frontage on Goddard Road, previously a brewery/restaurant.
      21090 Goddard Rd, Taylor, MI 48180
      View Details
    • $1,500,000
      4,344 SF

      Taylor Industrial Portfolio: Prime Location

      Four Industrial Buildings, Modernized
      25711 Van Born Rd, Taylor, MI 48180
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,670 SF

      Airport Corridor Flex Space

      5,670 SF Flex Space - For Lease
      9445 Inkster Rd, Taylor, MI 48180
      View Details
    • Contact for pricing

      Taylor Warehouse Space Available

      Industrial warehouse space for rent in Taylor, Michigan.
      21740 Trolley Industrial Dr, Taylor, MI 48180
      View Details
    • $6 SF/Yr
      60,500 SF

      Industrial Building Near Detroit Airport

      Versatile industrial building near Detroit Metro Airport available for lease.
      25350 Ecorse Rd, Taylor, MI 48180
      View Details
    • Contact for pricing
      300,128 SF

      Taylor Industrial Land - 6.89 Acres

      Prime Hard Corner, Multi-Use Potential
      25800 Northline Rd, Taylor, MI 48180
      View Details
    • $9 SF/Yr
      36,000 SF

      Taylor, MI Warehouse Space

      Flexible Warehouse Space, 1000-36,000 sq ft
      21010 Trolley Industrial Dr, Taylor, MI 48180
      View Details
    • $2,500 /Mo

      Taylor Warehouse with Ample Parking

      3200 SF warehouse with large doors and parking.
      7889 Telegraph Rd, Taylor, MI 48180
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    13233 Hancock Dr
    Taylor, MI 48180-4766
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.