Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    15060 Dix Toledo Rd Southgate, MI 48195-2615

    • Strip malls
    • 123,106 SF
    • 9.48 lot acres
    OFF-MARKET
    Value Estimations
    $7,740,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1420243
    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

    • Strip malls

    Property Details for 15060 Dix Toledo Rd

    Year built
    1965
    Lot size
    9.48 lot acres
    Property size
    123,106 SF
    Zone code
    C-3 THOROFARE
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    53 021 99 0004 002
    APU
    53021990004002

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,740,000
      Market price range: $5.92M - $13.3M
      AI Estimate
      $7,740,000
      Market price range: $5.92M - $13.3M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $9,795,000
      Current use
      RESTAURANT
      $12,750,000
      Change: +30% Conversion: Difficult
      OFFICE BUILDING
      $11,955,000
      Change: +22% Conversion: Moderate
      MEDICAL BUILDING
      $11,595,000
      Change: +18% Conversion: Difficult
      RETAIL STORES
      $9,375,000
      Change: -4% Conversion: Easy
      AUTO REPAIR, GARAGE
      $8,830,000
      Change: -10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Southgate
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2143
    Latitude
    42.1977
    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
    $226,614
    $0.00
    $0.00
    $3,332,000
    -
    $0.00
    $0.00
    $6,664,000

    Comparable in this City

    • Value Estimation by Request
      3,840 SF

      13506 Northline Rd

      SHOPPING CENTER, STRIP CENTER • 3,840 SF
      13506 Northline Rd, Southgate, MI 48195-1080
      View Details
    • Value Estimation by Request
      6,957 SF

      14521 Eureka Rd

      SHOPPING CENTER, STRIP CENTER • 6,957 SF
      14521 Eureka Rd, Southgate, MI 48195-2064
      View Details
    • Value Estimation
      $800,000
      16,685 SF

      14441 Eureka Rd

      SHOPPING CENTER, STRIP CENTER • 16,685 SF
      14441 Eureka Rd, Southgate, MI 48195-2064
      View Details
    • Value Estimation
      $880,000
      23,800 SF

      11125 Allen Rd

      SHOPPING CENTER, STRIP CENTER • 23,800 SF
      11125 Allen Rd, Southgate, MI 48195-3331
      View Details
    • Value Estimation by Request
      3,010 SF

      14400 Eureka Rd

      SHOPPING CENTER, STRIP CENTER • 3,010 SF
      14400 Eureka Rd, Southgate, MI 48195-2058
      View Details
    • Value Estimation by Request
      3,550 SF

      13235 Northline Rd

      SHOPPING CENTER, STRIP CENTER • 3,550 SF
      13235 Northline Rd, Southgate, MI 48195-1070
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Dix-Toledo Shopping Center for Sale

      91% leased community shopping center with national tenant base.
      15200 Dix Toledo Rd, Southgate, MI 48195
      View Details
    • $2,700,000

      Southgate Retail Opportunity For Sale

      Multi-tenant retail property in Southgate, MI, with strong demographics.
      16215 Dix Toledo Rd, Southgate, MI 48195
      View Details
    • Contact for pricing
      3,800 SF

      Southgate Executive Office Space

      Prime Retail/Office, 3800 SF, I-75 Access
      14328 Northline Rd, Southgate, MI 48195
      View Details
    • $700,000

      Eureka Road Commercial Space Available

      3,825 SF commercial space with high visibility on Eureka Rd.
      19363 Eureka Rd, Southgate, MI 48195
      View Details
    • $475,000
      2,100 SF

      Turnkey Laundromat Business and Real Estate

      Profitable laundromat with real estate and expansion lots included.
      13293 Northline Rd, Southgate, MI 48195
      View Details
    • Contact for pricing
      8,778 SF

      Dix Toledo Rd Restaurant - Southgate, MI

      Prime Southgate Restaurant, 8,778 SF, 111 Parking Spaces
      14980 Dix Toledo Rd, Southgate, MI 48195
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Retail Endcap Space Available

      1,500 SF endcap in Southgate Plaza retail strip mall.
      12954 Dix Toledo Rd, Southgate, MI 48195
      View Details
    • $6 SF/Yr
      38,000 SF

      Retail Space Near Kroger Marketplace

      Retail space available near a large Kroger Marketplace.
      16705 Fort St, Southgate, MI 48195
      View Details
    • Contact for pricing
      34,019 SF

      Retail Center on Eureka Road

      Retail center in a high-traffic downriver retail corridor.
      14155 Eureka Rd, Southgate, MI 48195
      View Details
    • $1,250 /Mo

      High-Visibility Retail Space Available

      Versatile 1,035 SF retail space in high-traffic location.
      18708 Eureka Rd, Southgate, MI 48195
      View Details
    • $12 SF/Yr
      9,800 SF

      Eureka Road Retail Center

      High-traffic retail space available in Southgate, MI
      18809-18833 Eureka Rd, Southgate, MI 48195
      View Details
    • Contact for pricing
      2,500 SF

      Retail Outlot with Drive-Thru

      Retail space with drive-thru capability available for ground lease.
      14437 Eureka Rd, Southgate, MI 48195
      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.
    15060 Dix Toledo Rd
    Southgate, MI 48195-2615
    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.
    Sign Up Successful!
    You now have access to more from Realmo!