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Property profile & analytics
OFF-MARKET
Estimated value
$13,535,000
Warehouses
21120 Trolley Industrial Dr, Taylor, MI 48180-1871
Entity Owned
3-yr Hold
Free & Clear
Property ID
US43-1684683
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1967
Total area
159,916 SF
Lot
11.08 ac (482,645 SF)
Zoning code
I-1
APN
60 002 99 0004 001
UPID
US43-1684683
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
$15.47M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.54M
Owner & transaction history
Trolley Drive Associates LLC · 3 yrs held
Trolley Drive Associates LLC
since 2022
Last sale
$13.2M
2 recorded transactions
Zoning & alternative use
I-1 · Taylor, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$18.9M
+189.2%
Commercial (general)
$17.6M
+169.2%
Restaurant
$16.6M
+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
$12,215,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$16,755,000
6.5%
$15,465,000
7%
$14,360,000
Alternative Use
Use
Estimation
RETAIL STORES
$18,870,000
Change: +189% · Conversion: Moderate
COMMERCIAL (GENERAL)
$17,565,000
Change: +169% · Conversion: Difficult
RESTAURANT
$16,560,000
Change: +154% · Conversion: Difficult
OFFICE BUILDING
$15,530,000
Change: +138% · Conversion: Difficult
MEDICAL BUILDING
$15,060,000
Change: +131% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$12,725,000
Change: +95% · Conversion: Moderate
Blend value · Realmo final
$13.54M
Range $12.18M – $14.89M · ±10% · vs last sale $13.23M (Oct 19 2022)
Last sale anchor
$13.23M
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
$85 / 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
$114,483
Tax year 2023
Assessed value
$1,798,300
Assessed 2024
Previous assessed
$1,798,300
+0.0% YoY
Effective rate
6.37%
On assessed value
Total market value
$3,596,600
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
1967
Heating
FORCED AIR
Buildings
3
Stories
1
Total area
159,916 SF
Lot
11.08 ac (482,645 SF)
Zoning code
I-1
APN
60 002 99 0004 001
UPID
US43-1684683
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
$18.9M
COMMERCIAL (GENERAL)
Est. value
$17.6M
RESTAURANT
Est. value
$16.6M
OFFICE BUILDING
Est. value
$15.5M
MEDICAL BUILDING
Est. value
$15.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.7M
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
1967
Heating
FORCED AIR
Stories
1
Buildings
3
Lot
11.08 ac
Current owner
From public records · entity-resolved
Trolley Drive Associates LLC
Entity
Free & Clear · 3 yrs held
Mailing address
21120 TROLLEY INDUSTRIAL DR, TAYLOR, MI 48180-1871
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2022
$13,230,000
Trolley Drive Associates LLC
Trolley Drive 2 LP
Deed
—
—
—
Trolley Investors LLC
—
Deed Of Trust
related
$2,700,000 · Bank Of Ann Arbor
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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