Property profile

15350 Mercantile Dr Dearborn, MI 48120

OFF-MARKET
Office buildings
Property ID
US43-4856005
6,336 SF 0.75 ac lot Built 1975
Entity Owned 9-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1975
Total area 6,336 SF
Lot 0.75 ac (32,670 SF)
Zoning code IA
APN 82 10 191 06 005
UPID US43-4856005

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Freight Service Logistics Company
  • Corporate Office

Location

15350 Mercantile Dr Dearborn, MI 48120-1259
Dearborn metro Census 983700 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$628k
Blend (final) Blend
$630k

Owner & transaction history

since 2017
4 recorded transactions
2018
Price N/A
2017
$400,000
2008
$300,000
1969
Price N/A

Zoning & alternative use

IA · Dearborn, MI
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 -…

General category INDUSTRIAL
Top alternative use upside
Restaurant $905,000 +5.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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