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    14640 Pardee Rd Taylor, MI 48180
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    Property profile & analytics

    14640 Pardee Rd, Taylor, MI 48180

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    • Outlet malls
    • 236,908 SF
    • 29.21 lot acres
    For Lease
    $17,165,000
    View Listing →
    Retail Space Inside Meijer Store For Lease
    $17,165,000

    Retail Space Inside Meijer Store

    Prime retail opportunity with high visibility and customer traffic.

    14640 Pardee Rd, Taylor, MI 48180
    View Listing
    Property ID
    US43-0772706
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Secretary of State Self-service Station / Department Of Motor Vehicles / Kiosk
    • Meijer / Specialty Food Shop / Supermarket
    • Nail Spa / Nail Salon
    • CVS Pharmacy / Pharmacy
    • Meijer Bakery / Bakery / Specialty Food Shop

    Property Details for 14640 Pardee Rd

    Year built
    1976
    Lot size
    29.21 lot acres
    Zone code
    B-2
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    60 071 99 0005 719
    APU
    60071990005719

    Description

    This exceptional retail leasing opportunity is located inside a high-traffic Meijer store. The available space totals 1,738 square feet, with a minimum divisible space of 713 square feet and a maximum contiguous space of 1,025 square feet. This "Store-Within-A-Store" concept offers unparalleled visibility and access to thousands of weekly customers. The all-inclusive monthly fee covers real estate taxes, property insurance, common area maintenance, and utilities. Prime, front-of-store locations provide maximum customer interaction and branding opportunities, including interior and exterior signage. Located in a thriving trade area with desirable demographics in Wayne County, this space is ideal for various retail uses, including financial institutions, food and beverage businesses, service businesses, and health and wellness providers. Multiple vacancies are available in Meijer stores across key Midwest markets. This is a unique opportunity to position your business in one of the Midwest's most well-known retail destinations.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $17,163,000
      Market price range: $17.2M - $41.1M
      AI Estimate
      $17,163,000
      Market price range: $17.2M - $41.1M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $27,960,000
      Current use
      COMMERCIAL (GENERAL)
      $26,020,000
      Change: -7% Conversion: Easy
      RESTAURANT
      $24,530,000
      Change: -12% Conversion: Easy
      OFFICE BUILDING
      $23,010,000
      Change: -18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Taylor
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2584
    Latitude
    42.2006
    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
    $0.00
    $0.00
    $0.00
    $5,597,300
    -
    $0.00
    $0.00
    $11,194,600

    Comparable in this City

    • Value Estimation
      $1,290,000
      7,434 SF

      26001 Eureka Rd

      WHOLESALE OUTLET, DISCOUNT STORE
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      View Details
    • Value Estimation
      $10,300,000
      142,198 SF

      21111 Van Born Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      21111 Van Born Rd, Taylor, MI 48180-1339
      View Details
    • Value Estimation
      $4,175,000
      57,650 SF

      14100 Pardee Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      14100 Pardee Rd, Taylor, MI 48180-4791
      View Details
    • Value Estimation
      $15,925,000
      219,806 SF

      7555 Telegraph Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      7555 Telegraph Rd, Taylor, MI 48180-2239
      View Details
    • Value Estimation
      $5,090,000
      43,112 SF

      21080 Penn St

      WHOLESALE OUTLET, DISCOUNT STORE
      21080 Penn St, Taylor, MI 48180-6300
      View Details
    • Value Estimation
      $12,240,000
      104,886 SF

      11100 Telegraph Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      11100 Telegraph Rd, Taylor, MI 48180-6812
      View Details

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      View Details
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      Freestanding Family Dollar Store

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      8,042 SF

      Retail Property on 1.1 Acres

      8,042 SF retail property on 1.1 acres for sale.
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    Similar Nearby for Lease

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      3,740 SF

      Retail Space in Taylor Epicenter

      Located in Taylor's regional retail corridor on Eureka Road.
      22269-22269 Eureka Rd, Taylor, MI 48180
      View Details
    • Contact for pricing
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      Retail Space in Shopping Center

      Retail space available in a well-located shopping center.
      23471 Eureka Rd, Taylor, MI 48180
      View Details
    • $2,000 /Mo

      Eureka Road Retail Leasing Opportunity

      Aggressively priced retail spaces for lease in Taylor, Michigan.
      22263-23307 Eureka Rd, Taylor, MI 48180
      View Details
    View Listing
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    Taylor, MI 48180
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    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
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