Leased Flex Industrial
6635 SCHAEFER Road Unit SourceFi Dearborn, MI 48126
6635 SCHAEFER Road Unit SourceFi, Dearborn, MI, 48126
$649,900
For Sale
$649,900
Two fully leased commercial units on Schaefer Road generating $4,100 monthly rental income.
Property Size2,400 SF
Price / SF$270.79
Days on Market64
Property Features for 6635 SCHAEFER Road Unit SourceFi
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- Industrial
Listing Agency
Century 21 Curran & Oberski
(313) 289-2222
Listed by
Ali Charara · License #6501340600
(313) 289-2222
Source
Xome
Added: May 19 Updated: Jul 19 at 2:04 am Checked: Jul 20 at 1:44 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 Century 21 Curran & Oberski
Investment Insights
Based on property information with market context.
This unique property includes two separate commercial units, 6629 and 6635 Schaefer Road, each fully leased with established tenants in place. The current rental income is reported at $4,100 per month, providing immediate cash flow for an investor or owner-operator looking for steadiness.
Located in Dearborn in a high-traffic commercial corridor, the property benefits from heavy daily traffic and strong visibility, supported by surrounding business activity. The offering is described as close to shopping and restaurants, with access to major freeways and downtown Dearborn.
Located in Dearborn in a high-traffic commercial corridor, the property benefits from heavy daily traffic and strong visibility, supported by surrounding business activity. The offering is described as close to shopping and restaurants, with access to major freeways and downtown Dearborn.
Key Highlights
- Two separate commercial units at 6629 & 6635 Schaefer Rd, both fully leased with established tenants
- Current rental income of $4,100 per month
- 3 guest facilities
Local Financial Insights For Flex RnD
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 | $34.6k | $14.40 |
| − Vacancy | −$2.1k | −$0.86 |
| EGI | $32.5k | $13.54 |
| − OpEx | −$11.4k | −$4.74 |
| NOI | $21.1k | $8.80 |
2,400 SF · lease $14.40/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$301.7K
$264.0K – $351.9K
NOI $21,116 @ 7.0% cap · market cap 3.25%
Second Best
Industrial
$201.2K
$176.1K – $234.7K
NOI $14,084 @ 7.0% cap · market cap 2.17%
Theoretical Best
Office A
$529.4K
$463.3K – $617.7K
NOI $37,061 @ 7.0% cap · market cap 5.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
New Schaefer Pharmacy
Pharmacy
Just Fajita
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
- Paisano's Catering — 5511 Schaefer Rd, Dearborn, MI 48126
- Kater 2 U — 6659 Schaefer Rd STE 1281, Dearborn, MI 48126
FAQs
What type of property is this?
Flex space - Two fully leased commercial units on Schaefer Road generating $4,100 monthly rental income.
Where is this flex space located?
The property is located at 6635 SCHAEFER Road Unit SourceFi Dearborn, MI.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Two separate commercial units at 6629 & 6635 Schaefer Rd, both fully leased with established tenants; Current rental income of $4,100 per month; 3 guest facilities
