Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    24336 Michigan Ave Dearborn, MI 48124-1828

    • Office buildings
    • 1,456 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-5205499
    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

    • Hoda Amine, PhD / Psychotherapist / Doctor
    • Mitchel Smargon / Dentist
    • Mitchell David Smargon / Dentist

    Property Details for 24336 Michigan Ave

    Year built
    1950
    Lot size
    0.06 lot acres
    Property size
    1,456 SF
    Zone code
    BB
    Property type
    Office buildings
    APN
    82 09 204 05 045
    APU
    820920405045

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Dearborn
    County
    Wayne
    State
    Michigan
    Longitude
    -83.275
    Latitude
    42.2995
    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
    $4,835
    $0.00
    $0.00
    $90,300
    -
    $0.00
    $0.00
    $180,600

    Comparable in this City

    • Value Estimation by Request
      2,176 SF

      2238 Monroe St

      OFFICE BUILDING • 2,176 SF
      2238 Monroe St, Dearborn, MI 48124-3008
      View Details
    • Value Estimation by Request
      254,520 SF

      19855 Outer Dr

      OFFICE BUILDING • 254,520 SF
      19855 Outer Dr, Dearborn, MI 48124-2022
      View Details
    • Value Estimation by Request
      21,332 SF

      23550 Park St

      OFFICE BUILDING • 21,332 SF
      23550 Park St, Dearborn, MI 48124-2592
      View Details
    • Value Estimation by Request
      7,965 SF

      1800 Grindley Park St

      OFFICE BUILDING • 7,965 SF
      1800 Grindley Park St, Dearborn, MI 48124-2553
      View Details
    • Value Estimation by Request
      2,363 SF

      22976 Outer Dr

      OFFICE BUILDING • 2,363 SF
      22976 Outer Dr, Dearborn, MI 48124-4279
      View Details
    • Value Estimation by Request
      39,923 SF

      19853 Outer Dr

      OFFICE BUILDING • 39,923 SF
      19853 Outer Dr, Dearborn, MI 48124-2066
      View Details

    Similar Nearby for Sale

    • $598,900
      4,336 SF

      Dearborn Heights Stand Alone Building

      Prime stand alone building in Dearborn Heights Downtown West.
      1103 Washington St, Dearborn, MI 48124
      View Details
    • $499,900

      Modern Commercial Space in Dearborn

      Built in 2022, ideal for restaurant, medical, or retail.
      3764 Monroe St, Dearborn, MI 48124
      View Details
    • $749,900

      Commercial Property on Michigan Avenue

      Commercial property near downtown Dearborn with high visibility and versatile space.
      25217 Michigan Ave, Dearborn, MI 48124
      View Details
    • $4,700,000

      Commercial Land For Sale

      Commercial land available for sale.
      3250 Pelham St, Dearborn, MI 48124
      View Details
    • $249,900
      1,622 SF

      Dearborn Duplex: Investment Opportunity

      Turn-key duplex in booming Dearborn, ideal for investors or owner-occupiers.
      2744 Pardee Ave, Dearborn, MI 48124
      View Details
    • $499,999

      West Dearborn Undeveloped Land Opportunity

      Half-acre land parcel in West Dearborn, offering great exposure.
      22620 Newman St, Dearborn, MI 48124
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      1,125 SF

      Dearborn Office Building for Lease

      Prominent office building with on-site management and ample parking.
      23400 Michigan Ave, Dearborn, MI 48124
      View Details
    • $16 SF/Yr
      135,000 SF

      Dearborn Office Space Available

      Executive Suites, 1,200 sq ft, Great Location
      835 Mason St, Dearborn, MI 48124
      View Details
    • $1,000 /Mo

      Professional Office Space For Rent

      Private office space in downtown West Dearborn. Utilities included.
      22827 Michigan Ave, Dearborn, MI 48124
      View Details
    • $3,500 /Mo

      Downtown Dearborn Office Space Available

      Office space for rent in downtown West Dearborn.
      22332 Garrison St, Dearborn, MI 48124
      View Details
    • $1,000 /Mo
      500 SF

      Dearborn Office Space For Rent

      Office space in Dearborn, suitable for various professional uses.
      2021 Monroe St, Dearborn, MI 48124
      View Details
    • $3,575 /Mo

      Downtown Dearborn Office Space Available

      Professional office space for lease in Downtown West Dearborn.
      22190 Garrison St, Dearborn, MI 48124
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    24336 Michigan Ave
    Dearborn, MI 48124-1828
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.