New search
Property profile & analytics
FOR SALE
Specialty properties
13313 Leonard St, Dearborn, MI 48126
Entity Owned
2-yr Hold
Free & Clear
Property ID
US43-1701921
No photos on file
For Sale
$700,000
13313 Leonard St, Dearborn, MI 48126
View Listing →
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1951
Total area
5,175 SF
Lot
0.26 ac (11,326 SF)
Zoning code
IA
APN
82 10 173 14 006
UPID
US43-1701921
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$640k
Owner & transaction history
Jacob Distribution LLC · 2 yrs held
Jacob Distribution LLC
since 2023
Last sale
$675,000
6 recorded transactions
Zoning & alternative use
IA · Dearborn, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$740,000
+341.9%
Office building
$665,000
+297.4%
Retail stores
$560,000
+234.4%
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
$570,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$740,000
Change: +342% · Conversion: Difficult
OFFICE BUILDING
$665,000
Change: +297% · Conversion: Difficult
RETAIL STORES
$560,000
Change: +234% · Conversion: Difficult
MEDICAL BUILDING
$545,000
Change: +225% · Conversion: Difficult
COMMERCIAL (GENERAL)
$525,000
Change: +214% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$410,000
Change: +146% · Conversion: Difficult
Blend value · Realmo final
$640k
Range $576k – $704k · ±10% · vs last sale $675k (Jul 17 2023)
Last sale anchor
$675k
Jul 17 2023
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
$124 / 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
$6,130
Tax year 2023
Assessed value
$95,000
Assessed 2024
Previous assessed
$93,500
+1.6% YoY
Effective rate
6.45%
On assessed value
Total market value
$190,000
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
CHARITABLE ORGANIZATION
Status
For Sale
Year built
1951
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
5,175 SF
Lot
0.26 ac (11,326 SF)
Zoning code
IA
APN
82 10 173 14 006
UPID
US43-1701921
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
IA · Dearborn, MI
Zoning IA · permitted uses
IA · 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
RESTAURANT
Est. value
$740,000
OFFICE BUILDING
Est. value
$665,000
RETAIL STORES
Est. value
$560,000
MEDICAL BUILDING
Est. value
$545,000
COMMERCIAL (GENERAL)
Est. value
$525,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$410,000
RESTAURANT
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1951
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Jacob Distribution LLC
Entity
Free & Clear · 2 yrs held
Mailing address
13313 LEONARD ST, DEARBORN, MI 48126-3633
Mailing matches property
Yes
Owner-occupied
Yes
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
Jul 17, 2023
$675,000
Jacob Distribution LLC
Dabazzi Properties LLC
Warranty Deed
—
May 17, 2022
$320,000
Dabazzi Properties LLC
George Aho
Warranty Deed
$7,500 · First Merchants Bank
Aug 8, 2017
—
123 124 Leonard LLC
—
Grant Deed
related
$3,400,000 · Privatebank & Tr
Mar 5, 2015
—
123 124 Leonard LLC
George G Aho
Warranty Deed
—
Mar 5, 2015
$117,500
Aho,george G Living Trust
Aho John F Living Trust
Warranty Deed
related
—
—
—
123 124 Leonard LLC
—
Loan Modification
related
$256,000 · Flagstar 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
