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Property profile & analytics
FOR SALE
Industrial properties
15201 Mercantile Dr Dearborn, MI 48120-1236
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1773892
No photos on file
For Sale
Contact for pricing
15201 Mercantile Dr, Dearborn, MI 48120-1236
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Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1986
Total area
27,523 SF
Lot
1.93 ac (84,071 SF)
Zoning code
IA
APN
82 10 191 09 009
UPID
US43-1773892
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
-
Continental Automotive Systems Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.13M
Blend (final)
Blend
$545k
Owner & transaction history
FAIRLANE VENTURE FIFTEEN, LLC
FAIRLANE VENTURE FIFTEEN, LLC
Zoning & alternative use
IA · Dearborn, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
CT[1] ARTICLE 14.00 - B-A, LOCAL BUSINESS DISTRICT[1] ARTICLE 15.00 - B-B, COMMUNITY BUSINESS DISTRICT[1] ARTICLE 16.00 - B-C, GENERAL BUSINESS DISTRICT[1] ARTICLE 17.00 - B-D, DOWNTOWN BUSINESS DISTRICT ARTICLE 18.00 - I-A, LIGHT INDUSTRIAL DISTRICT[1] ARTICLE 19.00 - I-B, MEDIUM INDUSTRIAL DISTRICT[1] ARTICLE 20.00 - I-C, INTENSIVE INDUSTRIAL DISTRICT[1] A…
Zone name
Light Industrial District
General category
INDUSTRIAL
Zone area
503.44 ac
Source
Sec. 1.01. - Short title.
Top alternative use upside
Retail stores
$3.2M
+132.7%
Medical building
$2.9M
+108.7%
Commercial (general)
$2.8M
+101.8%
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
INDUSTRIAL (GENERAL)
$1,385,000
Current use
RETAIL STORES
$3,230,000
Change: +133% · Conversion: Moderate
MEDICAL BUILDING
$2,895,000
Change: +109% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,800,000
Change: +102% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,190,000
Change: +58% · Conversion: Difficult
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$20 / 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
$30,156
Tax year 2023
Assessed value
$863,000
Assessed 2024
Previous assessed
$842,500
+2.4% YoY
Effective rate
3.49%
On assessed value
Total market value
$1,726,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Sale
Year built
1986
Heating
FORCED AIR
Stories
1
Total area
27,523 SF
Lot
1.93 ac (84,071 SF)
Zoning code
IA
APN
82 10 191 09 009
UPID
US43-1773892
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
IA · Dearborn, MIZoning IA · permitted uses
IA · Dearborn, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
CT[1] ARTICLE 14.00 - B-A, LOCAL BUSINESS DISTRICT[1] ARTICLE 15.00 - B-B, COMMUNITY BUSINESS DISTRICT[1] ARTICLE 16.00 - B-C, GENERAL BUSINESS DISTRICT[1] ARTICLE 17.00 - B-D, DOWNTOWN BUSINESS DISTRICT ARTICLE 18.00 - I-A, LIGHT INDUSTRIAL DISTRICT[1] ARTICLE 19.00 - I-B, MEDIUM INDUSTRIAL DISTRICT[1] ARTICLE 20.00 - I-C, INTENSIVE INDUSTRIAL DISTRICT[1] ARTICLE 21.00 - I-D, GENERAL INDUSTRIAL DISTRICT[1] ARTICLE 22.00 - T-R, TECHNOLOGY
Zone name
Light Industrial District
General category
INDUSTRIAL
Zone area
503.44 ac
Source
Sec. 1.01. - Short title.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.4M
RETAIL STORES
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
INDUSTRIAL (GENERAL) Current
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
1986
Heating
FORCED AIR
Stories
1
Lot
1.93 ac
Current owner
From public records · entity-resolved
FAIRLANE VENTURE FIFTEEN, LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2501 W LONG LK RD, WEST BLOOMFIELD, MI 48323-1829
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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