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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Commercial land
1751 Monroe St, Dearborn, MI 48124-2914
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-3533720
Property summary
AI-generated overview
This stunning 2023-built, two-story building offers 3,400 square feet of versatile commercial space in West Dearborn's thriving business district. Ideally suited for a variety of uses, including executive, medical, or traditional office spaces, this property boasts high-end construction materials throughout. The interior features cement flooring and two bathrooms. Adding to its unique appeal are two large rear garage doors and a rear basketball court, offering potential for expansion or creative repurposing. Situated on a 6,900 square foot lot, this mixed-use property presents a compelling investment opportunity. The building's location near Downtown Dearborn provides excellent accessibility and visibility. Land contract terms are available. This exceptional property is ready for immediate occupancy and offers a rare blend of modern amenities and flexible space. The asking price is $749,000, with a price per square foot of $220.29. Don't miss this chance to own a premium commercial property in a prime Dearborn location.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.16 ac (6,970 SF)
Zoning code
OS
APN
82 09 223 35 003
UPID
US43-3533720
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$610k
Owner & transaction history
1751 Monroe LLC · 1 yrs held
1751 Monroe LLC
since 2025
Last sale
$610,000
4 recorded transactions
Zoning & alternative use
OS · 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
$560,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$610k
Range $549k – $671k · ±10% · vs last sale $610k (Jan 21 2025)
Last sale anchor
$610k
Jan 21 2025
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
—
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
$11,250
Tax year 2023
Assessed value
$256,900
Assessed 2024
Previous assessed
$171,600
+49.7% YoY
Effective rate
4.38%
On assessed value
Total market value
$513,800
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.16 ac (6,970 SF)
Zoning code
OS
APN
82 09 223 35 003
UPID
US43-3533720
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.
Building & site characteristics
From public records
Heating
NONE
Lot
0.16 ac
Current owner
From public records · entity-resolved
1751 Monroe LLC
Entity
Free & Clear · 1 yrs held
Mailing address
155 GOLFCREST DR, DEARBORN, MI 48124-1117
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Jan 21, 2025
$610,000
1751 Monroe LLC
Riad Zahr
Warranty Deed
—
Apr 21, 2023
—
Riad Zahr
—
Deed
related
$264,000 · Bank Of Ann Arbor
Jan 21, 2021
$102,500
Riad Zahr
At Law Group PLLC
Warranty Deed
—
Mar 14, 2018
$80,000
At Law Group PLLC
Whipple Ruth
Warranty Deed
—
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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