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Property profile & analytics
OFF-MARKET
Estimated value
$34,225,000
Outlet malls
23859 Eureka Rd Taylor, MI 48180-5253
Entity Owned
10-yr Hold
Free & Clear
Property ID
US43-4290183
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1995
Total area
217,726 SF
Lot
27.6 ac (1,202,256 SF)
Zoning code
B-2
APN
60 090 01 0546 306
UPID
US43-4290183
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
Current use
Occupant on record · Public records
-
Value City Furniture Furniture & Home Goods Home Decor Store
-
RAC Acceptance Interior Design
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$34.23M
Blend (final)
Blend
$34.23M
Owner & transaction history
Jubilee-taylor LLC · 10 yrs held
Jubilee-taylor LLC
since 2015
3 recorded transactions
Zoning & alternative use
B-2 · Taylor, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$49.7M
+93.5%
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 Taylor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Taylor 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
RETAIL STORES
$25,695,000
Current use
APARTMENT HOUSE (5+ UNITS)
$49,720,000
Change: +94% · Conversion: Difficult
COMMERCIAL (GENERAL)
$23,915,000
Change: -7% · Conversion: Easy
RESTAURANT
$22,545,000
Change: -12% · Conversion: Easy
OFFICE BUILDING
$21,145,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$34.23M
Range $30.80M – $37.65M · ±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
$157 / 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
Assessed value
$11,496,800
Assessed 2024
Previous assessed
$10,700,100
+7.4% YoY
Total market value
$22,993,600
Applied tax rate
82,150.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1995
Heating
FORCED AIR
Stories
1
Total area
217,726 SF
Lot
27.6 ac (1,202,256 SF)
Zoning code
B-2
APN
60 090 01 0546 306
UPID
US43-4290183
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Taylor, MI
Zoning B-2 · permitted uses
B-2 · Taylor, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Taylor. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$25.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$49.7M
COMMERCIAL (GENERAL)
Est. value
$23.9M
RESTAURANT
Est. value
$22.5M
OFFICE BUILDING
Est. value
$21.1M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE 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
1995
Heating
FORCED AIR
Stories
1
Lot
27.6 ac
Current owner
From public records · entity-resolved
Jubilee-taylor LLC
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 24550, COLUMBUS, OH 43224-0550
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2025
—
Srl Crossings At Taylor LLC
—
Deed
related
$45,000,000 · Morgan Stanley Bank NA
Oct 5, 2015
—
Jubilee-taylor LLC
Srl Crossings At Taylor LLC
Quit Claim Deed
related
—
Apr 17, 2015
—
Srl Crossings At Taylor LLC
Jubilee-taylor LLC
Quit Claim Deed
related
$14,500,000 · Other Institutional Lenders
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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