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Property profile & analytics
OFF-MARKET
Estimated value
$1,015,000
Office buildings
16030 Michigan Ave, Dearborn, MI 48126-2964
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-5278751
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1968
Total area
9,163 SF
Lot
0.19 ac (8,276 SF)
Zoning code
OS
APN
82 09 134 15 011
UPID
US43-5278751
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
-
Hobballah Legal Group, PLC Law Firm
-
Fred Hafezi & Associates Insurance Agency
-
Residential Loan Center Independent Bank Loan Service Bank
-
Dearborn Wildlife Expert Animal Shelter Pet Adoption Service
-
Law Offices of Rima K. Elzein, P.C. Law Firm Child Welfare Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$762k
Blend (final)
Blend
$1.02M
Owner & transaction history
Hej Property LLC · 1 yrs held
Hej Property LLC
since 2024
Last sale
$1.1M
4 recorded transactions
Zoning & alternative use
OS · Dearborn, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+11.2%
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
$705,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,180,000
Current use
RESTAURANT
$1,310,000
Change: +11% · Conversion: Moderate
RETAIL STORES
$990,000
Change: -16% · Conversion: Moderate
MEDICAL BUILDING
$965,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$1.02M
Range $914k – $1.12M · ±10% · vs last sale $1.10M (Jun 13 2024)
Last sale anchor
$1.10M
Jun 13 2024
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
$111 / 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
$20,271
Tax year 2023
Assessed value
$319,500
Assessed 2024
Previous assessed
$309,200
+3.3% YoY
Effective rate
6.34%
On assessed value
Total market value
$639,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1968
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
9,163 SF
Lot
0.19 ac (8,276 SF)
Zoning code
OS
APN
82 09 134 15 011
UPID
US43-5278751
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
OS · Dearborn, MI
Zoning OS · permitted uses
OS · 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
OFFICE BUILDING Current
Est. value
$1.2M
RESTAURANT
Est. value
$1.3M
RETAIL STORES
Est. value
$990,000
MEDICAL BUILDING
Est. value
$965,000
OFFICE BUILDING Current
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
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
1968
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
0.19 ac
Current owner
From public records · entity-resolved
Hej Property LLC
Entity
Mailing address
12660 BURT RD, DETROIT, MI 48223-3315
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2024
$1,100,000
Hej Property LLC
Mariamola Properties LLC
Warranty Deed
$825,000 · Wildfire Cu
Oct 3, 2022
$600,000
Mariamola Properties LLC
16030 Investments LLC
Warranty Deed
—
Oct 7, 2009
—
16030 Investments LLC
16030 Michigan Avenue LLC
Deed In Lieu Of Foreclosure
related
—
Aug 22, 2008
—
16030 Michigan Avenue LLC
Fawaz,sarah
Quit Claim Deed
related
—
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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