East Dearborn Warehouse Space
5420 Oakman Blvd Dearborn, MI 48126
5420 Oakman Blvd, Dearborn, MI, 48126
$650,000
For Sale
$650,000
Over 8,000 sq ft warehouse on over 0.25 acres.
Property Size8,000 SF
Lot Size0.25 Acres
Price / SF$81.25
Days on Market89
Property Features for 5420 Oakman Blvd
General Information
- Standard status
- Active
- Size
- 8,000 SF
- Lot size
- 0.25 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1943
Listing Agency
Keller Williams Legacy
(313) 228-3777
Listed by
Nick Jaafar · License #6501403947
(313) 228-3777
Source
Elliman
Added: Apr 24 Updated: Jul 10 at 1:18 pm Checked: Jul 20 at 3:40 am
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 Keller Williams Legacy
Investment Insights
Based on property information with market context.
This East Dearborn warehouse space offers high traffic and visibility. The property includes over 8,000 square feet of warehouse space and sits on over a quarter acre. The location has a bike score of 48, indicating it is somewhat bikeable, and a walk score of 41, indicating car-dependent accessibility.
Key Highlights
- High‑traffic location with phenomenal visibility.
- Over 8,000 square feet of warehouse space.
- Sits on over a quarter acre of land.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.4k | $7.68 |
| − Vacancy | −$2.6k | −$0.32 |
| EGI | $58.9k | $7.36 |
| − OpEx | −$8.8k | −$1.10 |
| NOI | $50.0k | $6.25 |
8,000 SF · lease $7.68/SF/yr · vacancy 4.20% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$714.7K
$625.4K – $833.9K
NOI $50,031 @ 7.0% cap · market cap 7.70%
Second Best
Industrial
$670.7K
$586.8K – $782.5K
NOI $46,947 @ 7.0% cap · market cap 7.22%
Theoretical Best
Office A
$1.76M
$1.54M – $2.06M
NOI $123,538 @ 7.0% cap · market cap 19.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Warehouse - Over 8,000 sq ft warehouse on over 0.25 acres.
Where is this warehouse located?
The property is located at 5420 Oakman Blvd Dearborn, MI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: High‑traffic location with phenomenal visibility.; Over 8,000 square feet of warehouse space.; Sits on over a quarter acre of land.
