Dearborn Warehouse Property for
For Sale
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10421 Ford Rd, Dearborn, MI 48126
42,000 square foot warehouse property in Dearborn, Michigan.
Property Size42,000 SF
Price / SF$200
Days on Market1168
Property Features for 10421 Ford Rd
General Information
Standard status
Active
Size
42,000 SF
Property subtype
Industrial
Listing Agency:
Signature Associates
Listed By:
Jack Townsend · License #MI
(248) 948-0115
Source:
Crexi
Added: Jul 27, 2023
Changed: Sep 22
Last Checked: Oct 5 at 5:11PM
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 Signature Associates
Investment Insights
Based on property information with market context.
This commercial real estate offering features a 42,000 square foot warehouse property located in Dearborn, Michigan. The property is suitable for warehouse and industrial purposes.
Key Highlights
- 42,000 square foot warehouse
- Located in Dearborn, Michigan
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$262,661
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,253,220
$5.3M
Cap Rate 7%
$3,752,300
$3.8M
Cap Rate 9%
$2,918,456
$2.9M
Market Conditions
NOI Build-Up for 42,000 SF
Gross rent
$322.6K $7.68/SF
− Vacancy
−$13.5K −$0.32/SF
EGI
$309.0K $7.36/SF
− OpEx
−$46.4K −$1.10/SF
NOI
$262.7K $6.25/SF
Area
Dearborn, MI
Vacancy
4.20%
Lease Rate
$7.68 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,253,220
Cap Rate 7%
$3,752,300
Cap Rate 9%
$2,918,456
Alternative Uses
Best Use
Warehouse
$3.75M
$3.28M – $4.38M
NOI $262,661 @ 7.0% cap · market cap 3.13%
Second Best
Industrial
$3.52M
$3.08M – $4.11M
NOI $246,470 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$9.27M
$8.11M – $10.81M
NOI $648,575 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,156
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Warehouse - 42,000 square foot warehouse property in Dearborn, Michigan.
Where is this warehouse located?
The property is located at 10421 Ford Rd Dearborn, MI.
What is the asking price?
The asking price for this property is $8,400,000.
What are key features of this property?
This property features: 42,000 square foot warehouse; Located in Dearborn, Michigan
