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Property profile & analytics
OFF-MARKET
Estimated value
$2,140,000
Auto shops
15101 Michigan Ave, Dearborn, MI 48126-2953
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US43-1344093
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1949
Total area
60,668 SF
Lot
1.24 ac (54,014 SF)
Zoning code
BB
APN
82 10 183 17 001
UPID
US43-1344093
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
-
Metrotech Automotive Group Auto Repair Shop
-
Raphael Washington Sheriff Station Sheriff'S Department
-
Downtown Automotive Group Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.14M
Blend (final)
Blend
$2.14M
Owner & transaction history
Fe Michigan Ave LLC · 5 yrs held
Fe Michigan Ave LLC
since 2021
7 recorded transactions
Zoning & alternative use
BB · Dearborn, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$2.14M
Range $1.93M – $2.35M · ±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
$35 / 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
$44,828
Tax year 2023
Assessed value
$734,600
Assessed 2024
Previous assessed
$709,900
+3.5% YoY
Effective rate
6.10%
On assessed value
Total market value
$1,469,200
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1949
Heating
FORCED AIR
Stories
1
Total area
60,668 SF
Lot
1.24 ac (54,014 SF)
Zoning code
BB
APN
82 10 183 17 001
UPID
US43-1344093
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.
Building & site characteristics
From public records
Year built
1949
Heating
FORCED AIR
Stories
1
Lot
1.24 ac
Current owner
From public records · entity-resolved
Fe Michigan Ave LLC
Entity
Mailing address
PO BOX 255, DEARBORN, MI 48121-0255
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2022
—
Fe Michigan Ave LLC
—
Deed
related
$1,440,000 · Independent Bank
Apr 29, 2021
—
Fe Michigan Ave LLC
Seven Roses LLC
Warranty Deed
—
Apr 20, 2021
—
Fe Michigan Ave LLC
—
Deed
related
$1,440,000 · Tcf National Bank
Jan 2, 2020
—
Seven Roses LLC
—
Deed
related
$2,800,000 · Csc Realty Grp LLC
Mar 26, 2019
—
Seven Roses LLC
—
Deed
related
$2,000,000 · Oxford Bank
Mar 22, 2019
—
Seven Roses LLC
—
Deed
related
$532,601 · Oxford Bank
Mar 18, 2019
—
Seven Roses LLC
—
Deed
related
$2,056,000 · Oxford Bank
—
—
Superior Pontiac Buick Gmc INC
—
Deed Of Trust
related
$2,265,578 · Gmac LLC
—
—
Superior Buick Gmc INC
—
Deed Of Trust
related
$500,000 · Comerica Bank
—
—
Seven Roses LLC
—
Deed Of Trust
related
$2,800,000 · Csc Realty Grp LLC
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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