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    16800 Executive Plaza Dr Dearborn, MI 48126

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    For Lease
    Contact for pricing

    Iconic 55-acre office campus, flexible spaces available.

    Lot size:
    100,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    404
    Regent Court offers a unique opportunity for businesses seeking prime office space in Wayne County. This Class A property, situated on a sprawling 55-acre lot at the intersection of Ford Road and Southfield Freeway, boasts an unparalleled location adjacent to the Ford World Headquarters campus. Currently undergoing redevelopment, the existing office building is being demolished to create flexible commercial pads available for lease, ground lease, or build-to-suit options. Spaces range from 1-acre outlots to large-scale "big box" opportunities, catering to a variety of business needs and sizes. The property offers exceptional visibility and accessibility, with proposed access points from both Ford Road and Mercury Drive. Daily traffic counts on Ford Road exceed 70,000 vehicles, ensuring high brand exposure. The surrounding area is thriving, with high-performing retail giants like Walmart and Home Depot, both ranked #1 in Michigan, further solidifying the location's desirability. The presence of over 3,000 Ford Motor Company employees in the immediate vicinity provides a substantial potential customer base. Available spaces range from a minimum of 1,500 square feet to a maximum contiguous space of 11,352 square feet, with a total of 21,352 square feet currently vacant within the 100,000 square foot total building footprint. This redevelopment project presents an exceptional chance to establish a presence in a high-traffic, high-demand location.

    Property Features for 16800 Executive Plaza Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    100,000 SF
    Class
    A

    Unit(s) available at that property

    Space
    Drive thru
    Size
    10,000 SF
    Space
    Outlot
    Size
    0 SF
    Space
    Available Space 1
    Size
    0 SF
    Space
    Inline
    Size
    11,352 SF

    We can help!

    Listing Contact
    Jared Gell

    Learn more

    Property Insight Report

    HighLights

    • Class A office building totaling 100,000 square feet.
    • Multiple suites available, ranging from 1,500 to 11,352 contiguous square feet.
    • 21,352 square feet currently vacant.
    • Situated on a 55‑acre site in Wayne County.
    • Located at the intersection of Ford Road and Southfield Freeway, near the Ford World Headquarters.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ford Motor Co Ford Dealer Percepta LLC Public Relations Firm DFCU Financial ATM Financial Planner Work Parking Lot

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dearborn
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2112086
    Latitude
    42.327306

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    FAQs

    What type of property is this?
    Office Property / Space - Iconic 55-acre office campus, flexible spaces available.
    Where is this office property / space located?
    The property is located at 16800 Executive Plaza Dr Dearborn, MI.
    What are key features of this property?
    This property features: Class A office building totaling 100,000 square feet.; Multiple suites available, ranging from 1,500 to 11,352 contiguous square feet.; 21,352 square feet currently vacant.
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16800 Executive Plaza Dr Dearborn, MI 48126
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    We can help!
    Listing Contact
    Jared Gell
    Real Estate License ID: MI
    Learn more
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