Established Bakery in
For Sale
$795,000
Pending
6412 SCHAEFER Rd, Dearborn, MI 48126
Turn-key bakery with real estate, business, and equipment included.
Property Size3,200 SF
Lot Size0.17 Acres
Days on Market266
Property Features for 6412 SCHAEFER Rd
General Information
Standard status
Pending
Size
3,200 SF
Lot size
0.17 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$21,572
Building Details
Building Size
3,200 SF
Year Built
1950
Listing Agency:
RE/MAX Team 2000
(313) 561-0900
Listed By:
Yousef Beydoun · License #6501354088
(313) 561-0900
Source:
Elliman
Added: Nov 27, 2025
Changed: Aug 8
Last Checked: Aug 20 at 11:15AM
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 RE/MAX Team 2000
Investment Insights
Based on property information with market context.
This is a rare opportunity to acquire Roma Bakery, a community landmark established for over 70 years. The property is located in a high-traffic area with excellent visibility. The sale includes the real estate, business, and all newer equipment, as well as the well-recognized brand. This operation is turn-key ready. The bakery has a reputation for quality and a dedicated customer base in the Dearborn community.
Key Highlights
- Established business (over 70 years) with a well‑recognized brand and loyal customer base.
- Turn‑key operation includes real estate, business, and all newer equipment.
- Located in a high‑traffic area with excellent visibility.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,776
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$875,520
$875.5K
Cap Rate 7%
$625,371
$625.4K
Cap Rate 9%
$486,400
$486.4K
Market Conditions
NOI Build-Up for 3,200 SF
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.
Gross rent
$61.4K $19.20/SF
− Vacancy
−$3.1K −$0.96/SF
EGI
$58.4K $18.24/SF
− OpEx
−$14.6K −$4.56/SF
NOI
$43.8K $13.68/SF
Area
Dearborn, MI
Vacancy
5.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$875,520
Cap Rate 7%
$625,371
Cap Rate 9%
$486,400
Alternative Uses
Best Use
Specialty Retail
$625.4K
$547.2K – $729.6K
NOI $43,776 @ 7.0% cap · market cap 5.51%
Second Best
Retail
$563.1K
$492.7K – $656.9K
NOI $39,414 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$705.9K
$617.7K – $823.6K
NOI $49,415 @ 7.0% cap · market cap 6.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,159
Businesses Nearby
58k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Dining 39%
Electronics 4%
Dollar Tree
Shops & Services
15,469 visits/mo
0.5 miles
Shell
Shops & Services
12,844 visits/mo
0.3 miles
SUBWAY
Dining
9,910 visits/mo
0.3 miles
Tropical Smoothie Cafe
Dining
7,767 visits/mo
0.3 miles
Jet's Pizza
Dining
4,820 visits/mo
0.5 miles
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Lamas Florist — 6400 Schaefer Rd, Dearborn, MI 48126
- Flowers by Renee Dearborn — 6914 Schaefer Rd, Dearborn, MI 48126
- Heavenly Flowers — 7415 Schaefer Rd, Dearborn, MI 48126, United States
Frequently Asked Questions
What type of property is this?
Storefront property - Turn-key bakery with real estate, business, and equipment included.
Where is this storefront property located?
The property is located at 6412 SCHAEFER Rd Dearborn, MI.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Established business (over 70 years) with a well‑recognized brand and loyal customer base.; Turn‑key operation includes real estate, business, and all newer equipment.; Located in a high‑traffic area with excellent visibility.
