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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Retail space
15031 Michigan Ave Dearborn, MI 48126-3443
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-5195929
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1948
Total area
5,307 SF
Lot
0.33 ac (14,375 SF)
Zoning code
BB
APN
82 10 183 17 056
UPID
US43-5195929
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
Current use
Occupant on record · Public records
-
Dental Art Clinic Dental Office
-
Dr. Adnan Khazaal. D.D.S Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$579k
Blend (final)
Blend
$580k
Owner & transaction history
Adnan A Khazaal · 3 yrs held
Adnan A Khazaal
since 2023
7 recorded transactions
Zoning & alternative use
BB · Dearborn, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$760,000
+32.2%
Office building
$680,000
+18.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$575,000
Current use
RESTAURANT
$760,000
Change: +32% · Conversion: Easy
OFFICE BUILDING
$680,000
Change: +19% · Conversion: Easy
MEDICAL BUILDING
$560,000
Change: -3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$540,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$580k
Range $522k – $638k · ±10%
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
$109 / 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
$14,320
Tax year 2023
Assessed value
$243,500
Assessed 2024
Previous assessed
$238,300
+2.2% YoY
Effective rate
5.88%
On assessed value
Total market value
$487,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1948
Heating
FORCED AIR
Stories
1
Total area
5,307 SF
Lot
0.33 ac (14,375 SF)
Zoning code
BB
APN
82 10 183 17 056
UPID
US43-5195929
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
BB · Dearborn, MI
Zoning BB · permitted uses
BB · 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
RETAIL STORES Current
Est. value
$575,000
RESTAURANT
Est. value
$760,000
OFFICE BUILDING
Est. value
$680,000
MEDICAL BUILDING
Est. value
$560,000
COMMERCIAL (GENERAL)
Est. value
$540,000
RETAIL STORES Current
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1948
Heating
FORCED AIR
Stories
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Adnan A Khazaal
Individual
Free & Clear · 3 yrs held
Mailing address
217 S BEECH DALY ST, DEARBORN HEIGHTS, MI 48125-1079
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2023
—
Adnan A Khazaal
Adnan A Khazaal
Intrafamily Transfer
related
—
Jun 29, 2023
—
Adnan N Khazaal
Adnan A Khazaal
Intrafamily Transfer
related
—
Mar 8, 2021
—
Adnan Khazaal
—
Deed
related
$580,000 · Horizon Bank
Jul 3, 2017
—
Adnan Khazaal Dds PC
—
Deed
related
$424,545 · The Huntington National Bank
Apr 9, 2014
—
Adnan Khazaal Dds PC
Khazaal,adnan & Yola
Quit Claim Deed
$400,000 · Bank Of Mi
Apr 22, 2013
—
Adnan Khazaal
Ammar Estates LLC
Grant Deed
—
Jun 16, 2011
$120,000
Ammar Estates LLC
Ashour Realty & Dev INC
Warranty Deed
—
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.
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