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Property profile & analytics
OFF-MARKET
Estimated value
$2,160,000
Investment properties
22411 Michigan Ave Dearborn, MI 48124-2130
Individually Owned
13-yr Hold
Free & Clear
Property ID
US43-1482582
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1990
Total area
22,400 SF
Lot
0.45 ac (19,602 SF)
Zoning code
BC
APN
82 09 214 09 007
UPID
US43-1482582
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
by Request
Comparable Approach
Comparable
$2.16M
Blend (final)
Blend
$2.16M
Owner & transaction history
Sam Hamame · 13 yrs held
Sam Hamame
since 2013
7 recorded transactions
Zoning & alternative use
BC · Dearborn, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.3M
+45.3%
Restaurant
$3.2M
+40.6%
Retail stores
$2.6M
+15.3%
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 Dearborn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dearborn 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,280,000
Current use
OFFICE BUILDING
$3,310,000
Change: +45% · Conversion: Easy
RESTAURANT
$3,200,000
Change: +41% · Conversion: Difficult
RETAIL STORES
$2,625,000
Change: +15% · Conversion: Easy
MEDICAL BUILDING
$2,355,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$2.16M
Range $1.94M – $2.38M · ±10%
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
$96 / 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
$38,386
Tax year 2023
Assessed value
$1,038,400
Assessed 2024
Previous assessed
$1,013,200
+2.5% YoY
Effective rate
3.70%
On assessed value
Total market value
$2,076,800
Applied tax rate
82,030.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1990
Heating
FORCED AIR
Stories
2
Total area
22,400 SF
Lot
0.45 ac (19,602 SF)
Zoning code
BC
APN
82 09 214 09 007
UPID
US43-1482582
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
BC · Dearborn, MI
Zoning BC · permitted uses
BC · Dearborn, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dearborn. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.3M
OFFICE BUILDING
Est. value
$3.3M
RESTAURANT
Est. value
$3.2M
RETAIL STORES
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.4M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
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
1990
Heating
FORCED AIR
Stories
2
Lot
0.45 ac
Current owner
From public records · entity-resolved
Sam Hamame
Individual
Free & Clear · 13 yrs held
Mailing address
PO BOX 8042, BLOOMFIELD HILLS, MI 48302-8042
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2013
$1,773,667
Sam Hamame
Deputy Sheriff Of Wayne County
Trustees Deed
related
—
May 1, 2012
$2,260,000
Ggp Investment LLC
Deputy Sheriff Of Wayne County
Trustees Deed
related
—
Mar 6, 2012
—
David A Sloss JR.
Sloss,andrew & Linda
Quit Claim Deed
related
—
Oct 24, 2011
—
David A Sloss JR.
Sloss,andrew & Linda
Quit Claim Deed
related
—
Apr 8, 2011
—
David A Sloss JR.
Sloss,david A JR & Mary L
Quit Claim Deed
related
—
Mar 14, 2011
—
David A Sloss JR.
Sloss David A
Quit Claim Deed
related
—
Jul 8, 2009
—
Golden Gateway Properties LLC
—
Deed Of Trust
related
$2,000,000 · Warren Bank
—
—
Ggp Investments LLC
—
Deed Of Trust
related
$220,000 · Gateway Capital Investment LLC
—
—
Samir Hamame
—
Loan Modification
related
$510,568 · Jeries Haddad
—
—
Ggp Investments LLC
—
Deed Of Trust
related
$510,568 · Jeries Haddad
—
—
Ggp Investments LLC
—
Deed Of Trust
related
$650,000 · Ggp Venture Capital LLC
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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