Remodeled Showroom Flex
For Sale
Contact for pricing
6235 SCHAEFER Road, Dearborn, MI 48126
The property pairs customer-facing display space with a warehouse area for storage or distribution.
Property Size5,200 SF
Price / SF$1.35
Days on Market31
Property Features for 6235 SCHAEFER Road
General Information
Standard status
Active
Size
5,200 SF
Property subtype
Commercial
Site & Location
Neighborhood
Fordson West
Road Access
Yes
Additional Details
Tenant in Place
Yes
Property Use
Wholesale, Warehouse, Retail
Building Details
Year Built
1956
Listing Agency:
GoodHome Realty, LLC
Listed By:
Quinton Lemond
(248) 928-4992
Source:
Goodhomemi
Added: Sep 29
Changed: Oct 28
Last Checked: Oct 28 at 4:56PM
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 GoodHome Realty, LLC
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Investment Insights
Based on property information with market context.
Built in 1956, this 5,200-square-foot flex property combines a remodeled showroom with warehouse space. The configuration places display and storage functions within one building.
The property fronts Schaefer Road in Dearborn, where traffic is described as heavy. Lease terms are gross, with the tenant responsible for utilities.
The property fronts Schaefer Road in Dearborn, where traffic is described as heavy. Lease terms are gross, with the tenant responsible for utilities.
Key Highlights
- 5,200 square feet of flex space
- Remodeled showroom with warehouse area
- Frontage on Schaefer Road, described as a heavy‑traffic corridor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,515
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,300
$610.3K
Cap Rate 7%
$435,929
$435.9K
Cap Rate 9%
$339,056
$339.1K
Market Conditions
NOI Build-Up for 5,200 SF
Gross rent
$45.6K $8.76/SF
− Vacancy
−$2.0K −$0.38/SF
EGI
$43.6K $8.38/SF
− OpEx
−$13.1K −$2.51/SF
NOI
$30.5K $5.87/SF
Area
Dearborn, MI
Vacancy
4.30%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,300
Cap Rate 7%
$435,929
Cap Rate 9%
$339,056
Alternative Uses
Best Use
Retail
$915.0K
$800.6K – $1.07M
NOI $64,048 @ 7.0% cap · market cap 914.97%
Second Best
Flex RnD
$653.6K
$571.9K – $762.5K
NOI $45,752 @ 7.0% cap · market cap 653.60%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,300 @ 7.0% cap · market cap 1,147.14%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,159
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48126, MI
55,863
Population
16,919
Households
3.3
Avg Household Size
28
Median Age
24%
College-Educated
74%
High-School Grad
8.4 sq mi
ZIP Area
6,650
Density / Sq Mi
$42,353
Median Household Income
$27,724
Median Earnings
$1,222
Median Rent
$200,600
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Paisano's Catering — 5511 Schaefer Rd, Dearborn, MI 48126
- Kater 2 U — 6659 Schaefer Rd STE 1281, Dearborn, MI 48126
Frequently Asked Questions
What type of property is this?
Flex space - The property pairs customer-facing display space with a warehouse area for storage or distribution.
Where is this flex space located?
The property is located at 6235 SCHAEFER Road Dearborn, MI.
What are key features of this property?
This property features: 5,200 square feet of flex space; Remodeled showroom with warehouse area; Frontage on Schaefer Road, described as a heavy‑traffic corridor
