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    23850 Van Born Rd Dearborn Heights, MI 48125-2325

    • Medical offices
    • 3,600 SF
    • 0.20 lot acres
    OFF-MARKET
    Value Estimation
    $240,000
    Last Sale
    Sep 14, 2023
    $240,000
    Location Intelligence
    Property ID
    US43-0798122
    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

    • Adam Medical Center / Weight Loss Service / Doctor
    • Dr. Fuad Rahimee / Internist
    • Wellness Health Mart 2 / Pharmacy
    • Fuad Rahimee MD / Family Practice Physician
    • iCare Urgent Care / Urgent Care Center

    Property Details for 23850 Van Born Rd

    Year built
    1958
    Lot size
    0.20 lot acres
    Property size
    3,600 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    33 047 02 0120 001
    APU
    33047020120001

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $245,000

    • CAP approach

      CAP return
      Estimation
      6%
      $215,000
      6.5%
      $245,000
      7%
      $235,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $265,000
      Geo Method
      $200,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $195,000
      Retail
      $265,000
      Mixed-Use
      $200,000
      Hospitality
      $240,000
      Educational
      $240,000
      Residential Income
      $260,000
      Energy
      $250,000
      Income-Based Land
      $225,000
      Food Service
      $255,000

    Location Insight

    • Map
    • Local Demand
    City
    Dearborn Heights
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2684
    Latitude
    42.2694
    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
    $9,746
    $0.00
    $0.00
    $160,000
    -
    $0.00
    $0.00
    $320,000

    Comparable in this City

    • Value Estimation by Request
      1,602 SF

      4218 Pelham St

      MEDICAL BUILDING • 1,602 SF
      4218 Pelham St, Dearborn Heights, MI 48125-3121
      View Details
    • Value Estimation
      $410,000
      3,198 SF

      3902 Monroe St

      MEDICAL BUILDING • 3,198 SF
      3902 Monroe St, Dearborn Heights, MI 48125-2545
      View Details
    • Value Estimation by Request
      3,080 SF

      23600 Van Born Rd

      MEDICAL BUILDING • 3,080 SF
      23600 Van Born Rd, Dearborn Heights, MI 48125-2356
      View Details
    • Value Estimation by Request
      2,560 SF

      21194 Van Born Rd

      MEDICAL BUILDING • 2,560 SF
      21194 Van Born Rd, Dearborn Heights, MI 48125-2753
      View Details
    • Value Estimation
      $360,000
      6,733 SF

      4245 Beech Daly St

      MEDICAL BUILDING • 6,733 SF
      4245 Beech Daly St, Dearborn Heights, MI 48125-1576
      View Details
    • Value Estimation by Request
      3,360 SF

      4655 Telegraph Rd

      MEDICAL BUILDING • 3,360 SF
      4655 Telegraph Rd, Dearborn Heights, MI 48125-1936
      View Details

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    Similar Nearby for Lease

    • $1,195 /Mo

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      Retail or professional space with parking and signage available.
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      Versatile commercial space for lease in Dearborn Heights, Michigan.
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    • $2,250 /Mo
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      Dearborn Heights Commercial Space For Rent

      Versatile commercial space suitable for offices, retail, or restaurant.
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    • $2,100 /Mo

      Office and Apartment Space Available

      Office space and apartment available for lease.
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    • $4,500 /Mo

      Retail Space on Telegraph Road

      Retail space with high traffic and ample parking.
      4807 S Telegraph Rd, Dearborn Heights, MI 48125
      View Details
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    23850 Van Born Rd
    Dearborn Heights, MI 48125-2325
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    Realmo Value Estimation

    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.

    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.

    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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