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Property profile & analytics
OFF-MARKET
Estimated value
$17,390,000
Warehouses
21010 Trolley Industrial Dr, Taylor, MI 48180-1841
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US43-1081102
Property summary
AI-generated overview
This Taylor, MI warehouse offers flexible space ranging from 1,000 to 36,000 square feet, ideal for various industrial needs. Located at 21010 Trolley Industrial Dr, 48180, this shared-space facility provides 24/7 access and allows for both labor and storage. The monthly rate is $0.75 per square foot, but tenants utilizing 3PL or labor services receive a discounted rate of $0.65 per square foot for up to 20,000 square feet. The warehouse features recently installed racking, numerous pallet positions, temperature control, and is food-grade compliant. Woodworking is permitted, but automotive work and hazardous materials are prohibited. Note that available space is not directly adjacent to drive-in doors. Additional smaller spaces are available for rent at a rate of $1.00 per square foot: a 477 sq ft sink room (rentable individually), and two upper rooms (154 sq ft and 350 sq ft). A warehouse management system (WMS) is available to tenants using 3PL services. Public access is not allowed.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1970
Total area
167,053 SF
Lot
6.42 ac (279,655 SF)
Zoning code
I-1
APN
60 002 99 0008 700
UPID
US43-1081102
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
$16.16M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.39M
Owner & transaction history
Trolley Drive Associates LLC · 3 yrs held
Trolley Drive Associates LLC
since 2022
Last sale
$18.3M
6 recorded transactions
Zoning & alternative use
I-1 · Taylor, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$19.7M
+189.2%
Commercial (general)
$18.4M
+169.2%
Restaurant
$17.3M
+153.7%
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 Taylor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Taylor 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
$16,865,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$17,505,000
6.5%
$16,155,000
7%
$15,000,000
Alternative Use
Use
Estimation
RETAIL STORES
$19,715,000
Change: +189% · Conversion: Moderate
COMMERCIAL (GENERAL)
$18,350,000
Change: +169% · Conversion: Difficult
RESTAURANT
$17,300,000
Change: +154% · Conversion: Difficult
OFFICE BUILDING
$16,225,000
Change: +138% · Conversion: Difficult
MEDICAL BUILDING
$15,730,000
Change: +131% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$13,290,000
Change: +95% · Conversion: Moderate
Blend value · Realmo final
$17.39M
Range $15.65M – $19.13M · ±10% · vs last sale $18.27M (Oct 19 2022)
Last sale anchor
$18.27M
Oct 19 2022
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
$104 / 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
$149,826
Tax year 2023
Assessed value
$2,357,600
Assessed 2024
Previous assessed
$2,357,600
+0.0% YoY
Effective rate
6.36%
On assessed value
Total market value
$4,715,200
Applied tax rate
82,150.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1970
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
167,053 SF
Lot
6.42 ac (279,655 SF)
Zoning code
I-1
APN
60 002 99 0008 700
UPID
US43-1081102
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
I-1 · Taylor, MI
Zoning I-1 · permitted uses
I-1 · Taylor, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Taylor. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$19.7M
COMMERCIAL (GENERAL)
Est. value
$18.4M
RESTAURANT
Est. value
$17.3M
OFFICE BUILDING
Est. value
$16.2M
MEDICAL BUILDING
Est. value
$15.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.3M
RETAIL STORES
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1970
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
6.42 ac
Current owner
From public records · entity-resolved
Trolley Drive Associates LLC
Entity
Mailing address
21010 TROLLEY INDUSTRIAL DR, TAYLOR, MI 48180-1841
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2025
—
Lip Outdoor Propco LLC
—
Deed
related
$274,500 · Wilmington Trust NA
Oct 19, 2022
$18,270,000
Trolley Drive Associates LLC
21010 Trolley Drive LP
Deed
—
Mar 24, 2021
—
21010 Trolley Drive LP
Rjbk LLC
Deed
$6,373,624 · Readycap Commercial LLC
Aug 1, 2019
—
Rjbk LLC
—
Deed
related
$3,619,762 · Comerica Bank
Sep 29, 2014
—
Ld Acquisition Co 13 LLC
—
Grant Deed
related
$65,000,000 · Viewpoint Bk
Jul 21, 2010
—
T6 Unison Site Management LLC
—
Deed Of Trust
related
$250,000,000 · Deutsche Bk Tr Co America (ce)
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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