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    Property profile & analytics

    24618 Frd Rd Dearborn Heights, MI 48127-3111

    • Retail space
    • 2,400 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimation
    $235,000
    Last Sale
    Jun 16, 2021
    $210,000
    Location Intelligence
    Property ID
    US43-1791638
    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

    • Arrow Automotive Group / Car Repair And Maintenance Service
    • Alseerat / Gift Shop
    • Touch of Flair LLC / Event Planner / Furniture Rental Service

    Property Details for 24618 Frd Rd

    Year built
    1946
    Lot size
    0.08 lot acres
    Property size
    2,400 SF
    Property type
    Retail space
    APN
    33 018 01 0099 000
    APU
    33018010099000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $250,000

    • CAP approach

      CAP return
      Estimation
      6%
      $220,000
      6.5%
      $210,000
      7%
      $200,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $245,000
      Geo Method
      $245,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $180,000
      Retail
      $210,000
      Mixed-Use
      $205,000
      Hospitality
      $190,000
      Educational
      $175,000
      Residential Income
      $185,000
      Energy
      $230,000
      Income-Based Land
      $170,000
      Food Service
      $175,000

    Location Insight

    • Map
    • Local Demand
    City
    Dearborn Heights
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2791
    Latitude
    42.3271
    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
    $5,922
    $0.00
    $0.00
    $94,500
    -
    $0.00
    $0.00
    $189,000

    Comparable in this City

    • Value Estimation by Request
      3,770 SF

      24676 Frd Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,770 SF
      24676 Frd Rd, Dearborn Heights, MI 48127-3111
      View Details
    • Value Estimation by Request
      2,000 SF

      8300 Telegraph Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,000 SF
      8300 Telegraph Rd, Dearborn Heights, MI 48127-1435
      View Details
    • Value Estimation by Request
      940 SF

      24515 Warren St

      RETAIL STORES (PERSONAL SERVICES) • 940 SF
      24515 Warren St, Dearborn Heights, MI 48127-2104
      View Details
    • Value Estimation by Request
      14,400 SF

      24910 Frd Rd

      RETAIL STORES (PERSONAL SERVICES) • 14,400 SF
      24910 Frd Rd, Dearborn Heights, MI 48127-3113
      View Details
    • Value Estimation by Request
      6,065 SF

      26140 Frd Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,065 SF
      26140 Frd Rd, Dearborn Heights, MI 48127-2938
      View Details
    • Value Estimation by Request
      1,200 SF

      24435 Warren St

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      24435 Warren St, Dearborn Heights, MI 48127-2223
      View Details

    Similar Nearby for Sale

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      Profitable Smoke Shop Opportunity

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      Established Auto Repair Shop

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    • New
      $399,000
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      Dearborn Heights Commercial Building For Sale

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    Similar Nearby for Lease

    • $3,075 /Mo
      1,230 SF

      Dearborn Heights Commercial Unit

      Second-floor commercial unit suitable for retail, office, or creative use.
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    • $2,575 /Mo

      Warren Avenue Retail Space Available

      Retail space for rent in Dearborn Heights, 1,600 SF.
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    • $2,650 /Mo

      Retail Space on Telegraph Road

      Retail space available in Dearborn Heights with prime frontage.
      8125 N Telegraph Rd, Dearborn Heights, MI 48127
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    • $2,750 /Mo
      8,000 SF

      Dearborn Heights Retail/Office Space

      Prime location suitable for retail, restaurant, hair salon, or office.
      22126 Ford Rd, Dearborn Heights, MI 48127
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    • $1,850 /Mo

      Dearborn Heights Office/Retail Space

      Versatile commercial unit in a desirable Dearborn Heights location.
      24602 W Warren Ave, Dearborn Heights, MI 48127
      View Details
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    Dearborn Heights, MI 48127-3111
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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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