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    Property profile & analytics

    18800 Meginnity St Melvindale, MI 48122-1931

    • Manufacturing properties
    • 65,855 SF
    • 3.79 lot acres
    OFF-MARKET
    Value Estimation
    $3,505,000
    Last Sale
    Dec 14, 2023
    $3,400,000
    Location Intelligence
    Property ID
    US43-0052508
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Integrated Power Services (IPS) - Detroit / Electric Motor Repair Shop

    Property Details for 18800 Meginnity St

    Lot size
    3.79 lot acres
    Property size
    65,855 SF
    Zone code
    R1 1 FA
    Property type
    Manufacturing properties
    APN
    47 003 99 0020 000
    APU
    47003990020000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,475,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,070,000
      6.5%
      $3,405,000
      7%
      $3,065,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,545,000
      Geo Method
      $3,780,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,400,000
      Retail
      $3,295,000
      Mixed-Use
      $3,785,000
      Hospitality
      $3,160,000
      Educational
      $3,870,000
      Residential Income
      $3,025,000
      Energy
      $3,510,000
      Income-Based Land
      $3,655,000
      Food Service
      $3,890,000

    Location Insight

    • Map
    • Local Demand
    City
    Melvindale
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1748
    Latitude
    42.272
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $78,529
    $0.00
    $0.00
    $1,208,900
    -
    $0.00
    $0.00
    $2,417,800

    Comparable in this City

    • Value Estimation by Request
      8,054 SF

      I 75

      MANUFACTURING (LIGHT) • 8,054 SF
      I 75, Melvindale, MI 48122
      View Details
    • Value Estimation by Request
      10,000 SF

      19110 Allen Rd

      MANUFACTURING (LIGHT) • 10,000 SF
      19110 Allen Rd, Melvindale, MI 48122-1620
      View Details
    • Value Estimation by Request
      85,232 SF

      18700 Meginnity St

      MANUFACTURING (LIGHT) • 85,232 SF
      18700 Meginnity St, Melvindale, MI 48122-1930
      View Details
    • Value Estimation by Request
      21,600 SF

      25125 Outer Dr

      MANUFACTURING (LIGHT) • 21,600 SF
      25125 Outer Dr, Melvindale, MI 48122-1939
      View Details
    • Value Estimation by Request
      1,575 SF

      17501 Francis St

      MANUFACTURING (LIGHT) • 1,575 SF
      17501 Francis St, Melvindale, MI 48122-1357
      View Details
    • Value Estimation by Request
      660 SF

      Schaefer

      MANUFACTURING (LIGHT) • 660 SF
      Schaefer, Melvindale, MI 48122
      View Details

    Similar Nearby for Sale

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      Melvindale Commercial Truck Service Shop

      Semi-truck service and mechanic shop with multiple bays and offices.
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      Melvindale Retail Property For Sale

      Retail property in Melvindale, MI, with commercial zoning.
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      Turn-Key Salon in Melvindale, MI

      Salon in high-traffic area near Allen Road and Oakwood.
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    Similar Nearby for Lease

    • $6 SF/Yr
      102,400 SF

      Melvindale Distribution Building For Rent

      102,400 square foot distribution building available for lease.
      18765 Seaway Dr, Melvindale, MI 48122
      View Details
    • $7,900 /Mo

      Industrial Space with Main Road Exposure

      Clean, well-maintained industrial space with excellent main road exposure.
      17950 Allen Rd, Melvindale, MI 48122
      View Details
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    Melvindale, MI 48122-1931
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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