Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    15011 Commerce Dr Dearborn, MI 48120-1295

    • Industrial properties
    • 51,600 SF
    • 5.71 lot acres
    OFF-MARKET
    Last Sale
    Dec 21, 2022
    Value Estimations
    $4,000,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1850262
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Rotunda Court 1 / Corporate Office
    • Ford Learning and Development Center / Corporate Office
    • Gateway Classic Cars of Detroit / Car Dealership

    Property Details for 15011 Commerce Dr

    Year built
    1987
    Lot size
    5.71 lot acres
    Property size
    51,600 SF
    Zone code
    IA
    Property type
    Industrial properties
    APN
    82 10 194 02 013
    APU
    821019402013

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,001,000
      Market price range: $1.34M - $4.00M
      AI Estimate
      $4,001,000
      Market price range: $1.34M - $4.00M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,600,000
      Current use
      RETAIL STORES
      $6,050,000
      Change: +133% Conversion: Moderate
      MEDICAL BUILDING
      $5,425,000
      Change: +109% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $5,245,000
      Change: +102% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $4,105,000
      Change: +58% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Dearborn
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1808
    Latitude
    42.3078
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $115,397
    $0.00
    $0.00
    $2,037,100
    -
    $0.00
    $0.00
    $4,074,200

    Comparable in this City

    • Value Estimation by Request
      0.13 Acres

      10482 Vernor Hwy

      INDUSTRIAL (GENERAL) • 0.13 Acres
      10482 Vernor Hwy, Dearborn, MI 48120-1516
      View Details
    • Value Estimation by Request
      0.15 Acres

      Dearborn, MI 48120

      INDUSTRIAL (GENERAL) • 0.15 Acres
      Dearborn, MI 48120
      View Details
    • Value Estimation
      $4,325,000
      55,800 SF

      15010 Commerce Dr

      INDUSTRIAL (GENERAL) • 55,800 SF
      15010 Commerce Dr, Dearborn, MI 48120-1269
      View Details
    • Value Estimation
      $5,220,000
      67,340 SF

      15041 Commerce Dr

      INDUSTRIAL (GENERAL) • 67,340 SF
      15041 Commerce Dr, Dearborn, MI 48120-8000
      View Details
    • Value Estimation
      $1,975,000
      25,464 SF

      15301 Mercantile Dr

      INDUSTRIAL (GENERAL) • 25,464 SF
      15301 Mercantile Dr, Dearborn, MI 48120-1265
      View Details
    • Value Estimation
      $620,000
      10,166 SF

      1000 Riverside

      INDUSTRIAL (GENERAL) • 10,166 SF
      1000 Riverside, Dearborn, MI 48120
      View Details

    Similar Nearby for Sale

    • $1,595,000
      15,192 SF

      1330 Industrial St, Dearborn, MI 48120

      Industrial properties • 15,192 SF
      1330 Industrial St, Dearborn, MI 48120
      View Details
    • $429,000
      1,725 SF

      Dearborn Industrial Property - Dix Road

      Prime Dearborn location, renovated industrial space.
      10306 Dix, Dearborn, MI 48120
      View Details
    • $3,038,025
      60,765 SF

      14555 Rotunda Dr

      Life science properties • 60,765 SF
      14555 Rotunda Dr, Dearborn, MI 48120
      View Details
    • $1,595,000
      Pending

      Immaculate Industrial Facility For Sale

      Industrial facility with excellent access, modern upgrades, and heavy power.
      1330 Industrial St, Dearborn, MI 48120
      View Details
    • $45,000
      0.09 Acres

      Buildable Lot in Dearborn, MI

      Buildable lot in a desirable Dearborn neighborhood, perfect for new construction.
      1740 Ferney St, Dearborn, MI 48120
      View Details
    • $449,900
      1,400 SF

      Freestanding Building in Dearborn

      Prime Dearborn property with ample parking and freeway access.
      10531 Wren St, Dearborn, MI 48120
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      48,362 SF

      Schafer Court III: Dearborn Flex Space

      Dearborn flex warehouse, 12,525 SF available.
      14441 Rotunda Dr, Dearborn, MI 48120
      View Details
    • Contact for pricing

      Dearborn Flex Space Available

      35,963 SF flex space in the heart of Dearborn.
      15301 Century Dr, Dearborn, MI 48120
      View Details
    • Sponsored
      Contact for pricing

      Dearborn

      Discover many ways to work your way in Dearborn
      3200 Greenfield Rd, Dearborn, MI 48120
      View Details
    • $15,625 /Mo
      Pending

      Industrial Warehouse with Freeway Access

      25,000 Sqft industrial warehouse with dock bays and freeway access.
      10001 Mercier St, Dearborn, MI 48120
      View Details
    • $9 SF/Yr
      264,736 SF

      Dearborn Industrial Campus: Prime Location

      Multiple warehouse/manufacturing spaces available.
      3000 Miller Rd, Dearborn, MI 48120
      View Details
    • $6 SF/Yr

      Dearborn Industrial Space For Lease

      24,600 SF industrial space available near Ford World Headquarters.
      15301 Mercantile Dr, Dearborn, MI 48120
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    15011 Commerce Dr
    Dearborn, MI 48120-1295
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!