Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3501 Wyoming St Dearborn, MI 48120-1424

    • Warehouses
    • 11,300 SF
    • 3.11 lot acres
    OFF-MARKET
    Value Estimations
    $595,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-0989639
    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

    • Warehouses

    Property Details for 3501 Wyoming St

    Year built
    1949
    Lot size
    3.11 lot acres
    Property size
    11,300 SF
    Zone code
    IC
    Property type
    Warehouses
    APN
    82 10 211 01 003
    APU
    821021101003

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $594,000
      Market price range: $280k - $640k
      AI Estimate
      $594,000
      Market price range: $280k - $640k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $425,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $900,000
      Change: +113% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Dearborn
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1547
    Latitude
    42.312
    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
    $6,282
    $0.00
    $0.00
    $235,200
    -
    $0.00
    $0.00
    $470,400

    Comparable in this City

    • Value Estimation by Request
      2,242 SF

      1003 Riverside

      STORAGE YARD, OPEN STORAGE • 2,242 SF
      1003 Riverside, Dearborn, MI 48120-1718
      View Details
    • Value Estimation by Request
      1,150 SF

      10422 Eagle St

      WAREHOUSE, STORAGE • 1,150 SF
      10422 Eagle St, Dearborn, MI 48120-1407
      View Details
    • Value Estimation by Request
      794 SF

      15540 Knollwood Dr

      STORAGE YARD, OPEN STORAGE • 794 SF
      15540 Knollwood Dr, Dearborn, MI 48120-1306
      View Details
    • Value Estimation
      $775,000
      13,668 SF

      1804 Miller Rd

      WAREHOUSE, STORAGE • 13,668 SF
      1804 Miller Rd, Dearborn, MI 48120-1504
      View Details
    • Value Estimation
      $640,000
      21,402 SF

      2881 Wyoming St

      WAREHOUSE, STORAGE • 21,402 SF
      2881 Wyoming St, Dearborn, MI 48120-1519
      View Details
    • Value Estimation by Request
      1,360 SF

      1440 Miller Rd

      WAREHOUSE, STORAGE • 1,360 SF
      1440 Miller Rd, Dearborn, MI 48120-1705
      View Details

    Similar Nearby for Sale

    • $1,595,000
      Pending

      Immaculate Industrial Facility For Sale

      Industrial facility with excellent access, modern upgrades, and heavy power.
      1330 Industrial St, Dearborn, MI 48120
      View Details
    • New
      $1,100,000
      4,336 SF

      Versatile Commercial Property in Dearborn

      0.57-acre commercial property with I-A zoning and recent upgrades.
      10118 Eagle St, Dearborn, MI 48120
      View Details
    • Contact for pricing
      60,765 SF

      Dearborn Industrial Property for Sale

      Industrial property available for purchase in Dearborn, Michigan.
      14555 Rotunda Dr, Dearborn, MI 48120
      View Details
    • $35,000
      1,200 SF

      Turn-Key Salon in High-Traffic Plaza

      Fully renovated salon in prime location with low overhead.
      9704 Dix Ave, Dearborn, MI 48120
      View Details
    • Contact for pricing

      Industrial Land East of I-94

      Three-acre industrial land parcel with proposed zoning change.
      10450 Tractor St, Dearborn, MI 48120
      View Details
    • $429,000
      1,725 SF

      Dearborn Renovated Commercial Property For Sale

      Prime, renovated commercial property in Dearborn with high visibility.
      10306 Dix, Dearborn, MI 48120
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Space Available For Lease

      9,640 SF industrial space available for lease.
      15300 Rotunda Dr, Dearborn, MI 48120
      View Details
    • $6 SF/Yr

      Dearborn Industrial Space For Lease

      24,600 SF industrial space available near Ford World Headquarters.
      15301 Mercantile Dr, Dearborn, MI 48120
      View Details
    • Sponsored
      Contact for pricing

      Dearborn

      Discover many ways to work your way in Dearborn
      3200 Greenfield Rd, Dearborn, MI 48120
      View Details
    • Contact for pricing

      Dearborn Flex Space Available

      35,963 SF flex space for rent in Dearborn, Michigan.
      15301 Century Dr, Dearborn, MI 48120
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3501 Wyoming St
    Dearborn, MI 48120-1424
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!