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Property profile & analytics
FOR SALE
Industrial properties
26380 Van Born Rd, Dearborn Heights, MI 48125
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US43-1391104
$8,750,000
26380 Van Born Rd, Dearborn Heights, MI 48125
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1960
Total area
11,640 SF
Lot
9.62 ac (419,047 SF)
Zoning code
M-2
APN
33 040 99 0011 707
UPID
US43-1391104
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Davenports Truck & Trailer Repair Inc. Auto Repair Shop
-
Road Runners Trans Llc Trucking Company
-
Davenport Enterprises LLC / Metro Vehicle Storage Storage Facility
-
Budget Transport Llc Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$683k
Blend (final)
Blend
$685k
Owner & transaction history
Royal Vanborn LLC
Royal Vanborn LLC
since 2025
6 recorded transactions
Zoning & alternative use
M-2 · Dearborn Heights, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+92.7%
Medical building
$1.1M
+86.9%
Neighborhood: shopping center
$925,000
+57.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Dearborn Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dearborn Heights submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$585,000
Current use
OFFICE BUILDING
$1,130,000
Change: +93% · Conversion: Difficult
MEDICAL BUILDING
$1,095,000
Change: +87% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$925,000
Change: +58% · Conversion: Difficult
Blend value · Realmo final
$685k
Range $617k – $754k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$59 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$15,614
Tax year 2023
Assessed value
$223,300
Assessed 2024
Previous assessed
$218,200
+2.3% YoY
Effective rate
6.99%
On assessed value
Total market value
$446,600
Applied tax rate
82,240.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Sale
Year built
1960
Heating
FORCED AIR
Stories
1
Total area
11,640 SF
Lot
9.62 ac (419,047 SF)
Zoning code
M-2
APN
33 040 99 0011 707
UPID
US43-1391104
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
M-2 · Dearborn Heights, MI
Zoning M-2 · permitted uses
M-2 · Dearborn Heights, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dearborn Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$585,000
OFFICE BUILDING
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$925,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1960
Heating
FORCED AIR
Stories
1
Lot
9.62 ac
Current owner
From public records · entity-resolved
Royal Vanborn LLC
Entity
Mailing address
336 RIV LN, DEARBORN, MI 48124-1049
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2025
—
Royal Vanborn LLC
Fk Management Group LLC
Warranty Deed
$6,000,000 · Northstar Bank
Apr 8, 2025
—
Royal Vanborn LLC
Fk Management Group LLC
Deed
—
Apr 8, 2025
$750,000
Fk Management Group LLC
Davenport Enterprises LLC
Warranty Deed
—
Mar 4, 2019
$1,200,000
Davenport Ents LLC
Dix Terminal Corp
Warranty Deed
—
Mar 4, 2019
$50,000
Davenport Ents LLC
Roney Walter A Trust
Warranty Deed
—
Feb 27, 2018
$1,200,000
Davenport Ents LLC
Dix Terminal Corp
Dual Purpose Document
related
$1,140,000 · Dix Terminal Corp
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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