Property profile

4407 Roemer St Dearborn, MI 48126

OFF-MARKET
Medical Office Space
Property ID
US43-0584236
6,128 SF 1.69 ac lot Built 1963
Entity Owned 7-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1963
Total area 6,128 SF
Lot 1.69 ac (73,616 SF)
Zoning code BC
APN 82 10 184 03 028
UPID US43-0584236

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

4407 Roemer St Dearborn, MI 48126-3405
Dearborn metro Census 574100 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$827k
Blend (final) Blend
$535k

Owner & transaction history

since 2019
5 recorded transactions
2019
Price N/A
2017
Price N/A
2012
Price N/A
2009
$225,000
1969
Price N/A

Zoning & alternative use

BC · Dearborn, MI
Zoning description

R-D, AND R-E MULTIPLE FAMILY RESIDENTIAL DISTRICTS[1] ARTICLE 13.00 - O-S, BUSINESS OFFICE DISTRICT[1] ARTICLE 14.00 - B-A, LOCAL BUSINESS DISTRICT[1] ARTICLE 15.00 - B-B, COMMUNITY BUSINESS DISTRICT[1] ARTICLE 16.00 - B…

General category COMMERCIAL
Top alternative use upside
Restaurant $875,000 +35.9%
Office building $790,000 +22.2%
Retail stores $665,000 +2.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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