Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    21751 Ecorse Rd Taylor, MI 48180

    • Medical offices
    • 2,968 SF
    • 0.32 lot acres
    For Lease
    View listing
    $16 SF/Yr
    Last Sale
    Oct 16, 2023
    $380,000
    Value Estimations
    $380,000
    Cap Rate Potential
    8%
    Medical offices
    Location Intelligence
    Property ID
    US43-0408089
    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

    • Patricia Spence, MSW / Social Worker
    • Joyce Balagot / Physical Therapist / Practitioner Service Location
    • Dr. Joseph Walrad / Psychologist
    • Mohammad Aman / Psychiatrist
    • Dr. Shannon Lucas / Physical Therapist

    Property Details for 21751 Ecorse Rd

    Year built
    1973
    Lot size
    0.32 lot acres
    Property size
    2,968 SF
    Zone code
    B-2
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    60 030 03 0013 000
    APU
    60030030013000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $390,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $520,000
      6.5%
      $480,000
      7%
      $445,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $242,000
      Market price range: $188k - $400k
      AI Estimate
      $242,000
      Market price range: $188k - $400k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $280,000
      Current use
      RETAIL STORES
      $350,000
      Change: +25% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $325,000
      Change: +17% Conversion: Easy
      OFFICE BUILDING
      $290,000
      Change: +3% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $235,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Taylor
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2485
    Latitude
    42.2558
    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
    $8,323
    $0.00
    $0.00
    $136,200
    -
    $0.00
    $0.00
    $272,400

    Comparable in this City

    • Value Estimation by Request
      3,780 SF

      8850 Telegraph Rd

      MEDICAL BUILDING • 3,780 SF
      8850 Telegraph Rd, Taylor, MI 48180-2316
      View Details
    • Value Estimation by Request
      13,837 SF

      11780 Telegraph Rd

      MEDICAL BUILDING • 13,837 SF
      11780 Telegraph Rd, Taylor, MI 48180-6862
      View Details
    • Value Estimation by Request
      2,700 SF

      9300 Pardee Rd

      MEDICAL BUILDING • 2,700 SF
      9300 Pardee Rd, Taylor, MI 48180-3528
      View Details
    • Value Estimation by Request
      2,342 SF

      10060 Pelham Rd

      MEDICAL BUILDING • 2,342 SF
      10060 Pelham Rd, Taylor, MI 48180-3831
      View Details
    • Value Estimation by Request
      7,995 SF

      15100 Plz Dr

      MEDICAL BUILDING • 7,995 SF
      15100 Plz Dr, Taylor, MI 48180-5203
      View Details
    • Value Estimation by Request
      2,250 SF

      24118 Goddard Rd

      MEDICAL BUILDING • 2,250 SF
      24118 Goddard Rd, Taylor, MI 48180-3910
      View Details

    Similar Nearby for Sale

    • $550,000

      Commercial Building with Ample Parking

      Commercial building suitable for various business uses with on-site parking.
      15475 Pardee Rd, Taylor, MI 48180
      View Details
    • $4,000,000
      41,297 SF

      Horizon Business Center East: Prime Office Space

      41,297 SF Office Building, $4M Asking Price
      20500 Eureka Rd, Taylor, MI 48180
      View Details
    • $1,850,000
      48,374 SF

      Vacant Office Building For Sale

      Vacant office building with easy access to I-94.
      8750 Telegraph Rd, Taylor, MI 48180
      View Details
    • Contact for pricing
      415,606 SF

      Taylor, MI Office Building Investment

      415,606 SF Office, 100% Occupied
      21001 Van Born Rd, Taylor, MI 48180
      View Details
    • $510,000

      Downtown Taylor Brick Building

      Brick building in vibrant Taylor community with income from lease.
      21085-21089 Goddard Rd, Taylor, MI 48180
      View Details
    • Contact for pricing
      8.40 Acres

      Taylor Retail Center - Telegraph Rd

      High-traffic retail center, 8.4 acres.
      7838 Telegraph Rd, Taylor, MI 48180
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      1,700 SF

      Taylor Medical Office Space for Lease

      1700 sq ft, fully equipped, high-traffic area
      9025 Pardee Rd, Taylor, MI 48180
      View Details
    • $6,000 /Mo

      Prime Commercial Property in Taylor

      High-visibility commercial property in Taylor, ideal for diverse business uses.
      7889 Telegraph Rd Rd, Taylor, MI 48180
      View Details
    • $15 SF/Yr
      13,000 SF

      Allen Road Plaza: Taylor, MI Office Space

      Prime Taylor, MI office space available. High traffic, ample parking.
      16700 Allen Rd, Taylor, MI 48180
      View Details
    • Contact for pricing
      415,606 SF

      Large Leased Office Building Available

      415,606 SF office building 100% leased until June 2027.
      21001 Van Born Rd, Taylor, MI 48180
      View Details
    • $12,800 /Mo

      Taylor Retail/Office Space Available

      Retail and office spaces available for lease in Taylor.
      14686 Telegraph Rd, Taylor, MI 48180
      View Details
    • New
      $1,750 /Mo
      1,638 SF

      Goddard Road Stand-Alone Building

      Stand-alone building on Goddard Road with endless business potential!
      23380 Goddard Rd, Taylor, MI 48180
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    21751 Ecorse Rd
    Taylor, MI 48180
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.