Multi-Office Suite with Overhead
For Sale
Contact for pricing
6801 Chase Road, Dearborn, MI 48126
Several private offices are complemented by a kitchenette, storage space, and on-site parking.
Property Size2,250 SF
Price / SF$1.20
Days on Market24
Property Features for 6801 Chase Road
General Information
Standard status
Active
Size
2,250 SF
Property subtype
Commercial
Site & Location
Neighborhood
Fordson West
Road Access
Yes
Additional Details
Property Use
Office
Amenities
kitchenette/break room
storage area with an overhead door
Building Details
Year Built
1948
Listing Agency:
RE/MAX Team 2000
Listed By:
Yousef Beydoun · License #6501354088
(313) 561-0900
Source:
Goodhomemi
Added: Oct 6
Changed: Oct 28
Last Checked: Oct 28 at 3:10PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,250-square-foot office property, built in 1948, includes several offices, a kitchenette and break area, plus storage with an overhead door. On-site parking serves the property.
Located on Chase Road in Dearborn, the property offers access to major roads and nearby businesses.
Located on Chase Road in Dearborn, the property offers access to major roads and nearby businesses.
Key Highlights
- 2,250 square feet of office space
- Multiple offices with a kitchenette and break area
- Storage area includes an overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,796
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,920
$495.9K
Cap Rate 7%
$354,229
$354.2K
Cap Rate 9%
$275,511
$275.5K
Market Conditions
NOI Build-Up for 2,250 SF
Gross rent
$42.7K $18.96/SF
− Vacancy
−$9.6K −$4.27/SF
EGI
$33.1K $14.69/SF
− OpEx
−$8.3K −$3.67/SF
NOI
$24.8K $11.02/SF
Area
Dearborn, MI
Vacancy
22.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,920
Cap Rate 7%
$354,229
Cap Rate 9%
$275,511
Alternative Uses
Best Use
Office B
$354.2K
$310.0K – $413.3K
NOI $24,796 @ 7.0% cap · market cap 918.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$496.4K
$434.3K – $579.1K
NOI $34,745 @ 7.0% cap · market cap 1,286.85%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,104
Businesses Nearby
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Several private offices are complemented by a kitchenette, storage space, and on-site parking.
Where is this office unit located?
The property is located at 6801 Chase Road Dearborn, MI.
What are key features of this property?
This property features: 2,250 square feet of office space; Multiple offices with a kitchenette and break area; Storage area includes an overhead door
