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    Property profile & analytics

    24800 Eureka Rd Taylor, MI 48180-5158

    • Specialty properties
    • 53,950 SF
    • 11.74 lot acres
    OFF-MARKET
    Last Sale
    Jan 07, 2020
    Value Estimations
    $1,745,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-4207018
    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

    • CORE Ministries International / Charitable Organization / Social Service Agency
    • 2|42 Community Church | Taylor / Church
    • All State CDL Testing / Association Or Organization
    • The Lanes at 2|42 / Bowling Alley

    Property Details for 24800 Eureka Rd

    Year built
    1976
    Lot size
    11.74 lot acres
    Property size
    53,950 SF
    Zone code
    B-2
    Property type
    Specialty properties
    APN
    60 076 99 0003 700
    APU
    60076990003700

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,745,000
      Market price range: $1.09M - $2.34M
      AI Estimate
      $1,745,000
      Market price range: $1.09M - $2.34M

    • Alternative Use

      Use
      Estimation
      CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
      $1,745,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Taylor
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2771
    Latitude
    42.1992
    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
    $395
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,905,000
      101,350 SF

      22459 Century Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 101,350 SF
      22459 Century Dr, Taylor, MI 48180-6328
      View Details
    • Value Estimation
      $16,330,000
      492,289 SF

      9633 Pickwick Cir

      PROFESSIONAL CLUBS/ASSOCIATIONS • 492,289 SF
      9633 Pickwick Cir, Taylor, MI 48180-3858
      View Details
    • Value Estimation by Request
      3,010 SF

      23925 Goddard Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 3,010 SF
      23925 Goddard Rd, Taylor, MI 48180-4040
      View Details
    • Value Estimation by Request
      1,368 SF

      22215 Goddard Rd

      VETERINARY, ANIMAL HOSPITAL • 1,368 SF
      22215 Goddard Rd, Taylor, MI 48180-4255
      View Details
    • Value Estimation
      $565,000
      13,000 SF

      9981 Telegraph Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 13,000 SF
      9981 Telegraph Rd, Taylor, MI 48180-3332
      View Details
    • Value Estimation by Request
      8,124 SF

      25280 Pennsylvania Rd

      KENNEL • 8,124 SF
      25280 Pennsylvania Rd, Taylor, MI 48180-5028
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,602 SF

      Bob Evans NNN Investment Opportunity

      Long-term NNN lease with annual rent increases and strong sales.
      20465 Eureka Rd, Taylor, MI 48180
      View Details
    • $693,000
      13.63 Acres

      Taylor Industrial Property: 13.63 Acres

      Prime Taylor industrial land, 13.63 acres, $693,000.
      6900 Pardee Rd, Taylor, MI 48180
      View Details
    • $2,300,000
      2,497 SF

      Taylor Industrial Property: Prime Location

      Profitable Popeyes Restaurant, I-94 Access
      7615 Telegraph Rd, Taylor, MI 48180
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    • $887,000
      12.14 Acres

      Taylor, MI Residential Land - 12 Acres

      Prime 12-acre residential development site in Taylor, MI.
      0 Telegraph Rd, Taylor, MI 48180
      View Details
    • Contact for pricing
      185,635 SF

      Burlington Square Shopping Center

      Taylor, MI Retail Investment Opportunity
      22263-22299 Eureka Rd, Taylor, MI 48180
      View Details
    • Contact for pricing
      3.03 Acres

      Taylor Industrial Land - 3 Acres

      Prime development site, excellent location.
      0 Beech Daly Rd, Taylor, MI 48180
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      86,287 SF

      Cambridge Square: Retail Opportunity

      Prime Retail Space, Multiple Units Available
      27250 Eureka Rd, Taylor, MI 48180
      View Details
    • $4,000 /Mo
      2,794 SF

      High-Traffic Retail Space in Taylor

      Rare leasing opportunity on Telegraph Rd with high visibility.
      14239 Telegraph Rd, Taylor, MI 48180
      View Details
    • Contact for pricing

      Modern Industrial Park for Lease

      State-of-the-art industrial park with manufacturing and warehousing capabilities.
      26344 Northline Rd, Taylor, MI 48180
      View Details
    • $6,000 /Mo

      Prime Commercial Property in Taylor

      High-visibility commercial property in Taylor, ideal for diverse business uses.
      7889 Telegraph Rd Rd, Taylor, MI 48180
      View Details
    • Contact for pricing

      Eureka Road Commercial Property

      Commercial property available for rent on Eureka Road.
      20600 Eureka Rd, Taylor, MI 48180
      View Details
    • $4,000 /Mo

      High-Traffic Telegraph Rd Retail Opportunity

      Rare leasing opportunity on high-traffic Telegraph Rd in Taylor.
      14239 Telegraph Rd, Taylor, MI 48180
      View Details
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    Taylor, MI 48180-5158
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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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