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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    20212 Ecorse Rd Taylor, MI 48180-1955

    • Grocery and convenience stores
    • 3,500 SF
    • 0.38 lot acres
    OFF-MARKET
    Last Sale
    May 25, 2021
    $400,000
    Value Estimations
    $470,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-0997829
    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

    • VERMONT WINE AND LIQUOR / Liquor Store / Beer Store
    • Bitcoin Depot - Bitcoin ATM / Crypto Atm / Atm

    Property Details for 20212 Ecorse Rd

    Year built
    2009
    Lot size
    0.38 lot acres
    Property size
    3,500 SF
    Zone code
    B-3
    Property type
    Grocery and convenience stores
    APN
    60 004 01 0090 300
    APU
    60004010090300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $435,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $770,000
      6.5%
      $710,000
      7%
      $660,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $430,000
      Market price range: $431k - $1.31M
      AI Estimate
      $430,000
      Market price range: $431k - $1.31M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $280,000
      Current use
      RETAIL STORES
      $415,000
      Change: +48% Conversion: Easy
      COMMERCIAL (GENERAL)
      $385,000
      Change: +38% Conversion: Easy
      OFFICE BUILDING
      $340,000
      Change: +22% Conversion: Moderate
      MEDICAL BUILDING
      $330,000
      Change: +18% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Taylor
    County
    Wayne
    State
    Michigan
    Longitude
    -83.234
    Latitude
    42.2566
    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
    2019
    $6,479
    $0.00
    $0.00
    $123,200
    -
    $0.00
    $0.00
    $246,400

    Comparable in this City

    • Value Estimation by Request
      1,360 SF

      26029 Van Born Rd

      CONVENIENCE STORE • 1,360 SF
      26029 Van Born Rd, Taylor, MI 48180-1152
      View Details
    • Value Estimation by Request
      98,356 SF

      7000 Monroe Blvd

      GROCERY, SUPERMARKET • 98,356 SF
      7000 Monroe Blvd, Taylor, MI 48180-1883
      View Details
    • Value Estimation by Request
      5,158 SF

      9045 Telegraph Rd

      CONVENIENCE STORE • 5,158 SF
      9045 Telegraph Rd, Taylor, MI 48180-2492
      View Details
    • Value Estimation by Request
      1,410 SF

      25775 Eureka Rd

      CONVENIENCE STORE • 1,410 SF
      25775 Eureka Rd, Taylor, MI 48180-5097
      View Details
    • Value Estimation by Request
      2,609 SF

      20945 Ecorse Rd

      CONVENIENCE STORE • 2,609 SF
      20945 Ecorse Rd, Taylor, MI 48180-1840
      View Details
    • Value Estimation by Request
      1,917 SF

      11796 Allen Rd

      CONVENIENCE STORE • 1,917 SF
      11796 Allen Rd, Taylor, MI 48180-4342
      View Details

    Similar Nearby for Sale

    • $650,000
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      Profitable Liquor Store & Building

      Established liquor store with building for sale in Taylor, MI.
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    • $1,500,000
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      Taylor, MI Multi-Parcel Offering

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      Retail plaza featuring three stores with parking and updated amenities.
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    • $1,529,000
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      Telegraph Road Drive-Thru Restaurant

      2,900 SF drive-thru restaurant on Telegraph Rd, Taylor, MI.
      9895 Telegraph Rd, Taylor, MI 48180
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      20 SF

      Retail Space on Telegraph Road

      Retail space with high visibility and access on Telegraph Road.
      9125 Telegraph Rd, Taylor, MI 48180
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    • $1,500,000
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      Retail and Warehouse on Corner

      Retail and warehouse property on a high-traffic corner location.
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    Similar Nearby for Lease

    • Contact for pricing
      10,880 SF

      Taylor Retail Investment Opportunity

      10,880 SF Building, 1.28 Acres
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    • $15 SF/Yr
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      Freestanding Retail Building on Corner Lot

      8,060 SF retail building on high-traffic Telegraph Road.
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    • $1,500 /Mo

      Versatile Commercial Space For Rent

      800 sq ft commercial space suitable for various businesses.
      25251 Eureka Rd, Taylor, MI 48180
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    • Contact for pricing

      Retail Space Near Southland Center

      Retail space located across from Southland Center.
      23351 Eureka Rd, Taylor, MI 48180
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    • Contact for pricing
      1,800 SF

      Retail Space Near Southland Mall

      Retail space available near Southland Mall at a signalized intersection.
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    • Contact for pricing
      4,699 SF

      Retail/Restaurant Space Near Southland Center

      Outlot space available near a Home2 Suites by Hilton.
      14300 Pardee Rd, Taylor, MI 48180
      View Details
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    Taylor, MI 48180-1955
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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