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

    5493 Schaefer Dearborn, MI 48126

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,700 /Mo

    Commercial space for lease with high visibility and traffic.

    Type:Commercial
    Added:
    Apr 15, 2026
    Days on Market:
    14
    Last Refresh:
    Apr 14 at 6:31 am

    Property Features for 5493 Schaefer

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1986

    We can help!

    Listing Contact
    Simon Saleh
    Simon Saleh

    Listing agent Simon Saleh License #6501427828

    Listing office Simon & Associates Real Estate

    Listing date Apr 15, 2026

    Source Elliman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Simon & Associates Real Estate

    Overview

    Commercial Space on Schaefer Road

    Located at 5493 Schaefer Road in Dearborn, MI 48126, this commercial space is available for lease. The property benefits from excellent visibility and high-traffic exposure due to its location on a busy road. It features a functional layout with flexible space, making it suitable for a variety of business uses, including retail, office, or service-based businesses. The location offers convenient access to major roads. The walk score is 81, indicating it is very walkable, and the bike score is 52, indicating it is bikeable.
    Location Intelligence

    Current Use by Public Records

    Innovations Roots Inc (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dearborn
    County
    Wayne
    State
    Michigan
    Longitude
    -83.176272
    Latitude
    42.328722

    Nearby Similar for Lease

    • $900/Mo

      Dearborn Office Space For Rent

      Office suite in Dearborn with elevator access and parking.
      2021 MONROE Street, Dearborn, MI 48124
      View Details
    • $15,000/Mo

      Dearborn Industrial Building For Lease

      15,000 SF industrial building in Dearborn, suitable for various uses.
      25315 Kean Street, Dearborn, MI 48124
      View Details
    • $1,750/Mo

      Dearborn Commercial Space For Lease

      Versatile commercial property on busy Telegraph Road in Dearborn.
      2028 N Telegraph Road, Dearborn, MI 48128
      View Details
    • $3,800/Mo

      Turn-Key Medical Suite in Dearborn

      Medical suite in Dearborn with exam rooms and parking.
      5245 Schaefer Road, Dearborn, MI 48126
      View Details
    • $4,800/Mo

      Dearborn Office Space For Lease

      Prime location office space suitable for medical or professional uses.
      2021 Monroe Street, Dearborn, MI 48124
      View Details
    • $2,000/Mo

      Dearborn Commercial Space for Rent

      Versatile 1,722 sq ft commercial space in prime Dearborn location.
      14805 W WARREN Avenue, Dearborn, MI 48126
      View Details
    • $2,200/Mo

      Dearborn Commercial Space For Lease

      Commercial space suitable for office, medical, or retail use.
      6307 SCHAEFER, Dearborn, MI 48126
      View Details
    • $2,500/Mo

      Dearborn Retail Space Available

      Prime retail space in Dearborn, high-traffic location, flexible layout.
      1314 N Telegraph rd, Dearborn, MI 48128
      View Details
    • $4,500/Mo

      Dearborn Commercial Space for Rent

      2400 sq ft commercial space suitable for office, medical, retail.
      6307-6309 Schaefer Road, Dearborn, MI 48126
      View Details
    • $2,290/Mo

      West Dearborn Office Space Available

      Office space in a desirable West Dearborn location for lease.
      24336 Michigan Ave, Dearborn, MI 48124
      View Details
    • $1,965/Mo

      Updated Office Space in Dearborn

      Prime West Dearborn office space with modern updates and parking.
      1800 Grindley Park St 6, Dearborn, MI 48124
      View Details
    • $900/Mo

      Dearborn Office Space For Rent

      Office suite for rent in a prime Dearborn location.
      2021 MONROE St 303, Dearborn, MI 48124
      View Details

    FAQs

    What type of property is this?
    Retail space - Commercial space for lease with high visibility and traffic.
    Where is this retail space located?
    The property is located at 5493 Schaefer Dearborn, MI.
    What is the lease rate?
    The lease rate is $2,700 /Mo.
    What are key features of this property?
    This property features: High‑traffic location on a busy road provides **excellent visibility**.; Very Walkable location (Walk Score: 81).; Flexible space suitable for a variety of business uses (retail, office, service‑based).
    (248) 635-2880
    We can help!
    Listing Contact
    Simon Saleh
    Simon Saleh
    Real Estate License ID: 6501427828
    Learn More
    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.
    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!