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    25200 Van Born Rd Dearborn Heights, MI 48125-2010
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    Property profile & analytics

    25200 Van Born Rd Dearborn Heights, MI 48125-2010

    View on Map
    • Grocery and convenience stores
    • 23,894 SF
    • 2.52 lot acres
    Off-Market
    Last Sale Oct 30, 2024
    Property ID
    US43-1496288
    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.
    Value Estimations
    $2,400,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Coinstar / Bank / Credit Union
    • Western Union / Bank / Credit Union
    • Saturn Marketplace / Grocery & Convenience Store / Food Market
    • DivDat Kiosk Network / Shopping Center & Mall / (Bike/Boat/Book/etc) Store
    • DTE Payment Kiosk / Atm

    Property Details for 25200 Van Born Rd

    Year built
    1953
    Lot size
    2.52 lot acres
    Property size
    23,894 SF
    Zone code
    C-3
    Property type
    Grocery and convenience stores
    APN
    33 043 99 0022 001
    APU
    33043990022001

    Description

    This exceptional 0.773-acre parcel located at 25200 Van Born Rd, Dearborn Heights, MI 48125, presents a prime build-to-suit opportunity for a variety of commercial ventures. Situated in Wayne County, this property boasts a highly desirable location with excellent visibility and accessibility. The permitted zoning, encompassing both C-3 and M-1 classifications, allows for diverse development options, including restaurants, convenience stores, and banks. The site's ample space facilitates the inclusion of a drive-thru lane, a significant advantage for many retail concepts. The lease price will be determined based on the specific build-out and tenant requirements. This is an ideal opportunity for developers or businesses seeking a strategic location in a thriving commercial area to construct a property tailored to their exact specifications. The property's location offers significant potential for high foot traffic and strong returns on investment. Serious inquiries are encouraged to explore the possibilities of this exceptional retail land offering.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,401,000
      Market price range: $2.25M - $4.51M
      AI Estimate
      $2,401,000
      Market price range: $2.25M - $4.51M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,365,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Dearborn Heights
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2822
    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
    $40,266
    $0.00
    $0.00
    $684,800
    -
    $0.00
    $0.00
    $1,369,600

    Comparable in this City

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      $710,000
      5,760 SF

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      CONVENIENCE STORE • 5,760 SF
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    • Value Estimation by Request
      1,012 SF

      25412 Michigan Ave

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    • Value Estimation
      $975,000
      3,038 SF

      5157 Telegraph Rd

      CONVENIENCE STORE • 3,038 SF
      5157 Telegraph Rd, Dearborn Heights, MI 48125-2022
      View Details
    • Value Estimation
      $2,590,000
      15,927 SF

      24130 Van Born Rd

      GROCERY, SUPERMARKET • 15,927 SF
      24130 Van Born Rd, Dearborn Heights, MI 48125-2002
      View Details
    • Value Estimation by Request
      1,232 SF

      21718 Van Born Rd

      CONVENIENCE STORE • 1,232 SF
      21718 Van Born Rd, Dearborn Heights, MI 48125-2652
      View Details
    • Value Estimation
      $1,650,000
      2,970 SF

      25412 Van Born Rd

      CONVENIENCE STORE • 2,970 SF
      25412 Van Born Rd, Dearborn Heights, MI 48125-1702
      View Details

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    Similar Nearby for Lease

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    • $2,150 /Mo
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      Dearborn Heights Commercial Space For Rent

      Versatile commercial space in high-traffic area suitable for various businesses.
      25568 Van Born Rd, Dearborn Heights, MI 48125
      View Details
    • $2,000 /Mo
      9,821 SF

      Prime Retail Space Available

      High-traffic retail space in Vinery Market Plaza.
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      View Details
    • Contact for pricing

      Freestanding Commercial Unit For Lease

      Prime location commercial unit with open floor plan.
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      View Details
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    Dearborn Heights, MI 48125-2010
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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.

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