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    Property profile & analytics

    23059 Van Born Rd Taylor, MI 48180-1308

    • Auto shops
    • 5,818 SF
    • 0.36 lot acres
    OFF-MARKET
    Value Estimations
    $515,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1421783
    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

    • Reliable Auto Detail / Car Wash
    • Turks Auto Service / Auto Repair Shop
    • Montana Capital Car Title Loans / Loan Service

    Property Details for 23059 Van Born Rd

    Year built
    1956
    Lot size
    0.36 lot acres
    Property size
    5,818 SF
    Zone code
    I-1
    Property type
    Auto shops
    APN
    60 005 99 0016 000
    APU
    60005990016000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $514,000
      Market price range: $205k - $683k
      AI Estimate
      $514,000
      Market price range: $205k - $683k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $415,000
      Current use
      RETAIL STORES
      $685,000
      Change: +65% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $640,000
      Change: +53% Conversion: Moderate
      RESTAURANT
      $600,000
      Change: +44% Conversion: Difficult
      OFFICE BUILDING
      $565,000
      Change: +35% Conversion: Difficult
      MEDICAL BUILDING
      $550,000
      Change: +31% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $465,000
      Change: +11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Taylor
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2601
    Latitude
    42.269
    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
    $9,388
    $0.00
    $0.00
    $201,700
    -
    $0.00
    $0.00
    $403,400

    Comparable in this City

    • Value Estimation by Request
      750 SF

      25453 Van Born Rd

      AUTO REPAIR, GARAGE • 750 SF
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      1,233 SF

      22422 Wick Rd

      AUTO REPAIR, GARAGE • 1,233 SF
      22422 Wick Rd, Taylor, MI 48180-3519
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    • Value Estimation by Request
      2,340 SF

      20121 Ecorse Rd

      AUTO REPAIR, GARAGE • 2,340 SF
      20121 Ecorse Rd, Taylor, MI 48180-1958
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      6,304 SF

      11310 Allen Rd

      AUTO REPAIR, GARAGE • 6,304 SF
      11310 Allen Rd, Taylor, MI 48180-4372
      View Details
    • Value Estimation by Request
      5,104 SF

      10940 Allen Rd

      AUTO REPAIR, GARAGE • 5,104 SF
      10940 Allen Rd, Taylor, MI 48180-3851
      View Details
    • Value Estimation
      $1,115,000
      11,368 SF

      12520 Telegraph Rd

      AUTO REPAIR, GARAGE • 11,368 SF
      12520 Telegraph Rd, Taylor, MI 48180-6820
      View Details

    Similar Nearby for Sale

    • $1,500,000
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      Taylor, MI Business and Real Estate

      Commercial properties and business for sale in Taylor, Michigan.
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    • $230,000
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      Taylor Auto Shop - $230K

      Vacant 2314 SF Auto Shop; High Potential
      26105 Van Born Rd, Taylor, MI 48180
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      Taylor Retail Property For Sale

      Retail property in Taylor, MI, with high traffic volume.
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    • $1,500,000
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      Taylor, MI Multi-Parcel Offering

      Multi-parcel commercial property with store, warehouse, cold storage, and apartments.
      5845 Beech Daly Rd, Taylor, MI 48180
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    • $1,500,000
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      Commercial Property on Van Born Road

      Commercial property featuring recent renovations, suitable for various business ventures.
      25711 Van Born Rd, Taylor, MI 48180
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    • $224,900
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      Taylor, MI Commercial Building For Sale

      Commercial building with road frontage, previously a brewery/restaurant.
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    Similar Nearby for Lease

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      2,794 SF

      High-Traffic Retail Space in Taylor

      Rare leasing opportunity on Telegraph Rd with high visibility.
      14239 Telegraph Rd, Taylor, MI 48180
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      Superior Road Commercial Property

      Commercial property available for rent on Superior Road.
      20300 Superior Rd, Taylor, MI 48180
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    • Contact for pricing

      Eureka Road Commercial Property

      Commercial property available for rent on Eureka Road.
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      1,738 SF

      Meijer In-Store Retail Space

      High-traffic retail space available.
      14640 Pardee Rd, Taylor, MI 48180
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    • $1,500 /Mo

      Versatile Commercial Space For Rent

      800 sq ft commercial space suitable for various businesses.
      25251 Eureka Rd, Taylor, MI 48180
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    • 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
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    23059 Van Born Rd
    Taylor, MI 48180-1308
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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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