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Financial
Distress signals
Property profile

5151 Miller Rd Dearborn, MI 48126

FOR LEASE
Other warehouses
Property ID
US43-0814041
15,070 SF 2.77 ac lot Built 1962
Last sale Mar 2017 · $650,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 9-yr Hold Held for 9 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a warehouse facility offering approximately 8,000 square feet of functional industrial space, configured with four private offices, a large restroom with showers, and a catwalk that supports operational flexibility. The building includes three loading dock doors and a dedicated entrance. Located just off the I-94 freeway in Dearborn, the site provides convenient access for logistics and distribution and is suitable for distribution, storage, or light industrial use, with the office and shower restroom setup supporting on-site staff.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$10k
Tax billed · 2023
Assessed value · 2024$385k
Effective rate2.69%

Value estimate

· Oct 2026
$695k
$626k – $765k
Submarket $/SF estimate$854k
NOI build-up
Gross scheduled income$70k
Vacancy & credit loss−$3k
Operating expenses−$20k
NOI · 722.26% cap applied$47k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$37/SF
Submarket average, outlier-cleaned · 19 recorded sales of this use type
Observed band · Q1–Q3$25 – $57
Qualifying comparables5

Cap rate analysis

How does the asset earn?
722.26%
$47k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
BC
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 BUSINES...
General categoryCOMMERCIAL
JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency41.4
Law Firm27.7
Building Supply25.2

Location

5151 Miller Rd Dearborn, MI 48126
County assessor Recorded deeds · 2 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
10611 Haggerty, Dearborn, MI 48126-1908 $625,000 Sep 2024 10,133 SF
10200 Frd, Dearborn, MI 48126-3333 $1,550,000 Sep 2024 22,113 SF
3910 Jonathon, Dearborn, MI 48126-3624 $750,000 Aug 2024 27,196 SF
6235 Schaefer, Dearborn, MI 48126-2210 $1,000,000 Jul 2024 13,465 SF
5455 Oakman, Dearborn, MI 48126-3319 $425,000 Jan 2024 10,791 SF
4930 Stecker, Dearborn, MI 48126-3814 $524,000 Aug 2022 16,300 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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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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