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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    26101 Eureka Rd Taylor, MI 48180-4902

    • Drug stores
    • 10,923 SF
    • 1.97 lot acres
    OFF-MARKET
    Last Sale
    Jun 29, 2023
    Value Estimations
    $1,090,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1484900
    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

    • Citizens ATM / Atm
    • MoneyGram / Money Transfer Service
    • Coinhub Bitcoin ATM Teller / Atm

    Property Details for 26101 Eureka Rd

    Year built
    1992
    Lot size
    1.97 lot acres
    Property size
    10,923 SF
    Zone code
    B-2
    Property type
    Drug stores
    APN
    60 081 99 0002 701
    APU
    60081990002701

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,088,000
      Market price range: $791k - $1.90M
      AI Estimate
      $1,088,000
      Market price range: $791k - $1.90M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,290,000
      Current use
      COMMERCIAL (GENERAL)
      $1,200,000
      Change: -7% Conversion: Easy
      RESTAURANT
      $1,130,000
      Change: -12% Conversion: Easy
      OFFICE BUILDING
      $1,060,000
      Change: -18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Taylor
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2911
    Latitude
    42.1964
    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
    $0.00
    $0.00
    $0.00
    $365,600
    -
    $0.00
    $0.00
    $731,200

    Comparable in this City

    • Value Estimation
      $2,360,000
      13,784 SF

      20090 Goddard Rd

      DRUG STORE, PHARMACY • 13,784 SF
      20090 Goddard Rd, Taylor, MI 48180-4313
      View Details
    • Value Estimation
      $1,940,000
      15,107 SF

      15009 Telegraph Rd

      DRUG STORE, PHARMACY • 15,107 SF
      15009 Telegraph Rd, Taylor, MI 48180-5117
      View Details
    • Value Estimation
      $2,125,000
      14,378 SF

      20030 Ecorse Rd

      DRUG STORE, PHARMACY • 14,378 SF
      20030 Ecorse Rd, Taylor, MI 48180-1914
      View Details
    • Value Estimation
      $1,775,000
      11,070 SF

      22000 Ecorse Rd

      DRUG STORE, PHARMACY • 11,070 SF
      22000 Ecorse Rd, Taylor, MI 48180-1848
      View Details
    • Value Estimation
      $2,515,000
      14,490 SF

      9100 Telegraph Rd

      DRUG STORE, PHARMACY • 14,490 SF
      9100 Telegraph Rd, Taylor, MI 48180-2385
      View Details
    • Value Estimation
      $12,230,000
      98,356 SF

      7000 Monroe Blvd

      GROCERY, SUPERMARKET • 98,356 SF
      7000 Monroe Blvd, Taylor, MI 48180-1883
      View Details

    Similar Nearby for Sale

    • $2,200,000
      14,490 SF

      Taylor, MI Walgreens Investment Opportunity

      Walgreens property with long-term lease and prime location.
      20030 Ecorse Rd, Taylor, MI 48180
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    • $1,200,000

      Established Vending Business for Sale

      Vending business with equipment, accounts, and potential for growth.
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      Well-cared for building with a very large parking lot.
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    • $5,117,662
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      Taylor Retail Property For Sale

      Retail property in Taylor, MI, with high traffic volume.
      9100 Telegraph Rd, Taylor, MI 48180
      View Details
    • Contact for pricing
      20 SF

      Retail Space on Telegraph Road

      Retail space with high visibility and access on Telegraph Road.
      9125 Telegraph Rd, Taylor, MI 48180
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    • $650,000
      2,800 SF

      Profitable Liquor Store & Building

      Established liquor store with building for sale in Taylor, MI.
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    Similar Nearby for Lease

    • Contact for pricing
      10,880 SF

      Taylor Retail Investment Opportunity

      10,880 SF Building, 1.28 Acres
      22000 Ecorse 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
    • $25 SF/Yr
      3,286 SF

      Retail Opportunity on Telegraph Road

      Retail property available for lease on Telegraph Road in Taylor.
      9015 Telegraph Rd, Taylor, MI 48180
      View Details
    • Contact for pricing
      4,699 SF

      Retail/Restaurant Space Near Southland Center

      Outlot space available near a Home2 Suites by Hilton.
      14300 Pardee Rd, Taylor, MI 48180
      View Details
    • $12,800 /Mo

      Taylor Retail/Office Space Available

      Retail and office spaces available for lease in Taylor.
      14686 Telegraph Rd, Taylor, MI 48180
      View Details
    • Contact for pricing

      Retail Space Near Southland Center

      Retail space located across from Southland Center.
      23351 Eureka Rd, Taylor, MI 48180
      View Details

    Property Visit Statistics

    • Visits by month
      0
    • Visitors by month
      8.9k
    • Avg Time on site
      17 min
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    Taylor, MI 48180-4902
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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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