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    Property profile & analytics

    22226 Ecorse Rd Taylor, MI 48180-1848

    • Banks
    • 4,612 SF
    • 1.24 lot acres
    OFF-MARKET
    Value Estimations
    $865,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-0811099
    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

    • TCF Bank / Bank / Loan Service
    • ATM (TCF Bank) / Atm
    • Huntington Bank ATM (Drive-Up) / Atm
    • Huntington Bank / Bank / Loan Service

    Property Details for 22226 Ecorse Rd

    Year built
    2006
    Lot size
    1.24 lot acres
    Property size
    4,612 SF
    Zone code
    B-2
    Property type
    Banks
    APN
    60 008 99 0018 701
    APU
    60008990018701

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $867,000
      Market price range: $352k - $991k
      AI Estimate
      $867,000
      Market price range: $352k - $991k

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

    Location Insight

    • Map
    • Local Demand
    City
    Taylor
    County
    Wayne
    State
    Michigan
    Longitude
    -83.253
    Latitude
    42.2572
    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
    $0.00
    $0.00
    $0.00
    $463,000
    -
    $0.00
    $0.00
    $926,000

    Comparable in this City

    • Value Estimation
      $840,000
      5,883 SF

      14700 Pardee Rd

      FINANCIAL BUILDING • 5,883 SF
      14700 Pardee Rd, Taylor, MI 48180-4739
      View Details
    • Value Estimation
      $635,000
      3,440 SF

      7146 Pelham Rd

      FINANCIAL BUILDING • 3,440 SF
      7146 Pelham Rd, Taylor, MI 48180-2633
      View Details
    • Value Estimation
      $1,015,000
      5,116 SF

      22111 Ecorse Rd

      FINANCIAL BUILDING • 5,116 SF
      22111 Ecorse Rd, Taylor, MI 48180-1860
      View Details
    • Value Estimation by Request
      1,600 SF

      20252 Ecorse Rd

      FINANCIAL BUILDING • 1,600 SF
      20252 Ecorse Rd, Taylor, MI 48180-1955
      View Details
    • Value Estimation
      $570,000
      3,278 SF

      20202 Eureka Rd

      FINANCIAL BUILDING • 3,278 SF
      20202 Eureka Rd, Taylor, MI 48180-5317
      View Details
    • Value Estimation
      $1,705,000
      3,833 SF

      23455 Eureka Rd

      FINANCIAL BUILDING • 3,833 SF
      23455 Eureka Rd, Taylor, MI 48180-5230
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,490 SF

      Taylor, MI Walgreens Investment Opportunity

      Walgreens property with long-term lease and prime location.
      20030 Ecorse Rd, Taylor, MI 48180
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    • $325,000

      Large Parking Lot Building

      Well-cared for building with a very large parking lot.
      23925 Goddard Rd, Taylor, MI 48180
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      16,785 SF

      Taylor Retail Property For Sale

      Retail property in Taylor, MI, with high traffic volume.
      9100 Telegraph Rd, Taylor, MI 48180
      View Details
    • $1,500,000
      928 SF

      Taylor, MI Multi-Parcel Offering

      Multi-parcel commercial property with store, warehouse, cold storage, and apartments.
      5845 Beech Daly Rd, Taylor, MI 48180
      View Details
    • $499,900

      Well-Maintained Retail Plaza For Sale

      Retail plaza featuring three stores with parking and updated amenities.
      22909 Van Born Rd, Taylor, MI 48180
      View Details
    • Contact for pricing
      2,900 SF

      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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    Similar Nearby for Lease

    • $1,500 /Mo

      Versatile Commercial Space For Rent

      800 sq ft commercial space suitable for various businesses.
      25251 Eureka Rd, Taylor, MI 48180
      View Details
    • Contact for pricing
      8,060 SF

      Freestanding Retail Building on Corner Lot

      8,060 SF retail building on high-traffic Telegraph Road.
      10610 Telegraph Rd, Taylor, MI 48180
      View Details
    • $4,000 /Mo

      Retail Space on Main Road

      Retail space available for rent in a prime location.
      8357 Telegraph Rd, Taylor, MI 48180
      View Details
    • $30 SF/Yr
      10,995 SF

      South Plaza Retail Center: Taylor, MI

      Prime Retail Space: Eureka Road, Taylor
      23007 Eureka Rd, Taylor, MI 48180
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space in Shopping Center

      Retail space available in a well-located shopping center.
      23471 Eureka Rd, Taylor, MI 48180
      View Details
    • $4,000 /Mo
      2,794 SF

      High-Traffic Retail Space in Taylor

      Rare leasing opportunity on Telegraph Rd with high visibility.
      14239 Telegraph Rd, Taylor, MI 48180
      View Details
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    22226 Ecorse Rd
    Taylor, MI 48180-1848
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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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