9100 Telegraph Rd Taylor, MI 48180
Property profile & analytics
9100 Telegraph Rd Taylor, MI 48180
- Drug stores
- 14,490 SF
- 1.23 lot acres
Property ID
US43-0873447
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.
Location Intelligence
Current Use by Public Records
- Walgreens Photo / (Bike/Boat/Book/etc) Store
- Muhanned Ahmed, RPH / Pharmacy
- Mohamad Hammoud, PharmD / Pharmacy
- COVID-19 Drive-Thru Testing at Walgreens / Pharmacy
- FedEx OnSite / Postal Service / Courier Service
Property Details for 9100 Telegraph Rd
- Year built
- 2002
- Lot size
- 1.23 lot acres
- Property size
- 14,490 SF
- Zone code
- B-3
- Property type
- Drug stores
- APN
- 60 023 01 0056 300
- APU
- 60023010056300
Description
This exceptional investment opportunity presents a 14,490-square-foot Walgreens located at 9100 Telegraph Rd, Taylor, MI 48180. The property boasts an absolute NNN lease with a prominent national tenant, Walgreens, offering significant stability and predictable cash flow. The lease features a remaining term of approximately 4.4 years, extending to April 30, 2029, with built-in rent bumps of 5% every five years through 2049, the next increase scheduled for May 2025. The property sits on a 1.23-acre lot and was constructed in 2002. Benefitting from a 100% occupancy rate, the property generates a substantial net operating income (NOI) of $409,413, resulting in an attractive 8.00% cap rate. Its strategic location near Beaumont Hospital (a 148-bed facility with over 1,094 employees) and a high volume of traffic on Telegraph Road (over 65,000 vehicles daily) provides exceptional visibility and access to a large customer base. The property is also situated within a densely populated area with significant retail and industrial space nearby, further enhancing its investment appeal. The asking price is $5,117,662, translating to a price per square foot of $353.19. This property offers a compelling combination of strong tenant occupancy, favorable lease terms, and a prime location within the Detroit MSA, making it an ideal addition to any diversified investment portfolio. The property is also conveniently located near Detroit Metropolitan Airport and Ford's world headquarters.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,515,000
- AI Estimate
- $2,515,000
Market price range: $1.05M - $2.52MMarket price range: $1.05M - $2.52M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,710,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $3,310,000 Change: +94% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,590,000 Change: -7% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Taylor
- County
- Wayne
- State
- Michigan
- Longitude
- -83.2705
- Latitude
- 42.2414
- 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
$943,400
-
$0.00
$0.00
$1,886,800
