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    Property profile & analytics

    9945 Whittington St Dearborn, MI 48120

    • Commercial real estate
    • 0.09 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-2987419
    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

    • Commercial real estate

    Property Details for 9945 Whittington St

    Lot size
    0.09 lot acres
    Property type
    Commercial real estate
    APN
    32821028107013

    Description

    This exceptional 0.09-acre residential lot, located at 9945 Whittington St in Dearborn, Michigan (zip code 48120, Wayne County), presents a fantastic opportunity to build your dream home. The property, zoned for residential use, boasts approximate dimensions of 35 x 110 feet and offers a desirable location in the South End area of Dearborn, near Dix Avenue. Its convenient proximity to schools, shopping centers, restaurants, and freeways ensures easy access to daily amenities and major transportation routes. The parcel ID number is 32821028107013, and a second parcel, 32821028107012, is included in the sale. The asking price for this exceptional building lot is $22,000. Please note that all data provided is approximate, and interested parties are encouraged to contact the city for further details and verification. This is a rare opportunity to acquire a well-situated lot in a thriving Dearborn neighborhood, perfect for constructing a custom home. Don't miss out on this chance to build your dream home in a highly desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Dearborn
    County
    Wayne
    State
    Michigan
    Longitude
    -83.142507
    Latitude
    42.301167

    Comparable in this City

    • $45,000
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      Buildable Lot in Dearborn, MI

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      Dearborn Commercial Land For Sale

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      10306 Dix, Dearborn, MI 48120
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      Vacant Commercial Lot in Dearborn

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      3230 Wyoming St, Dearborn, MI 48120
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    • $179,900

      Vacant Commercial Lot in Dearborn

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      3 SF

      Industrial Land East of I-94

      Three-acre industrial land parcel with proposed zoning change.
      10450 Tractor St, Dearborn, MI 48120
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    Similar Nearby for Sale

    • $45,000
      0.09 Acres

      Buildable Lot in Dearborn, MI

      Buildable lot in a desirable Dearborn neighborhood, perfect for new construction.
      1740 Ferney St, Dearborn, MI 48120
      View Details
    • $179,900

      Vacant Commercial Lot in Dearborn

      Prime commercial land in a busy Dearborn business corridor.
      3214 Wyoming St, Dearborn, MI 48120
      View Details
    • $429,000

      Dearborn Commercial Land For Sale

      Commercial land available for sale in Dearborn, Michigan.
      10306 Dix, Dearborn, MI 48120
      View Details
    • $179,900

      Vacant Commercial Lot in Dearborn

      Prime commercial land in a busy Dearborn business corridor.
      3230 Wyoming St, Dearborn, MI 48120
      View Details
    • $179,900

      Vacant Commercial Lot in Dearborn

      Vacant commercial land in a busy Dearborn business area.
      3200 Wyoming St, Dearborn, MI 48120
      View Details
    • Contact for pricing
      3 SF

      Industrial Land East of I-94

      Three-acre industrial land parcel with proposed zoning change.
      10450 Tractor St, Dearborn, MI 48120
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,000 SF

      New Medical Office Building

      Medical office space available in newly constructed Dearborn building.
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      359,630 SF

      Dearborn Flex Space Available

      35,963 SF flex space in the heart of Dearborn.
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      Dearborn Commercial Property For Rent

      Commercial property available for rent in Dearborn, Michigan.
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    • $16 SF/Yr
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      Dearborn Office Space for Lease

      12,800 SF Office Building, 892 SF Available
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    • $9 SF/Yr
      264,736 SF

      Dearborn Industrial Campus: Prime Location

      Multiple warehouse/manufacturing spaces available.
      3000 Miller Rd, Dearborn, MI 48120
      View Details
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    9945 Whittington St
    Dearborn, MI 48120
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    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
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