26058 W 6 Mile Rd Redford, MI 48240
Property profile & analytics
26058 W 6 Mile Rd Redford, MI 48240
- Outlet malls
- 14,242 SF
- 0.52 lot acres
Property ID
US43-4313566
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.
Location Intelligence
Current Use by Public Records
- Outlet malls
Property Details for 26058 W 6 Mile Rd
- Year built
- 1950
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.52 lot acres
- Property size
- 14,242 SF
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- APN
- 79 010 01 1875 000
- APU
- 79010011875000
Description
This exceptional retail investment opportunity presents a fee-simple 13,428 square foot Dollar Tree store in Redford Charter Township, MI. Built in 2016 with premium all-brick construction and a brand new roof (2023) boasting a 15-year warranty, this property benefits from a 10-year Net Lease (NN+) with a credit-rated, corporate-guaranteed tenant. The lease, commencing July 17, 2016, and expiring July 31, 2026, includes three, five-year renewal options, each with a $0.50 per square foot rent increase. The property boasts a strong 8% cap rate, generating a net operating income (NOI) of $114,809. Situated on a 1.95-acre lot at 26058 Six Mile Rd, 48240, the location enjoys exceptional visibility and high traffic counts exceeding 41,000 vehicles daily. The 5-mile radius boasts an estimated population of 275,746 residents, while the 10-mile radius encompasses approximately 1,164,787 residents, with an average annual household income of approximately $79,883. This is a rare opportunity to acquire a stable, high-performing retail asset with a strong tenant and significant upside potential. The property is 100% occupied and offers a remaining lease term of approximately 1.7 years.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,228,000
- AI Estimate
- $1,344,000
Market price range: $424k - $1.61MMarket price range: $438k - $1.72M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $985,000 Current use
- COMMERCIAL (GENERAL)
- $1,300,000 Change: +32% Conversion: Easy
- RESTAURANT
- $1,300,000 Change: +32% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $1,080,000 Change: +10% Conversion: Moderate
- MEDICAL BUILDING
- $895,000 Change: -9% Conversion: Difficult
- OFFICE BUILDING
- $880,000 Change: -11% Conversion: Easy
- AUTO REPAIR, GARAGE
- $865,000 Change: -12% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Redford
- County
- Wayne
- State
- Michigan
- Longitude
- -83.2996
- Latitude
- 42.4142
- 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
$23,294
$0.00
$0.00
$353,200
-
$0.00
$0.00
$706,400
