Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    15350 N Commerce Dr Dearborn, MI 48120
    Back to Search
    Property profile & analytics

    15350 N Commerce Dr Dearborn, MI 48120

    View on Map
    • Office buildings
    • 12,800 SF
    • 0.99 lot acres
    For Lease
    $1,270,000
    View Listing →
    Dearborn Office Space For Lease For Lease
    $1,270,000

    Dearborn Office Space For Lease

    Office space available for lease in Dearborn, Michigan.

    15350 N. Commerce Drive, Dearborn, MI 48120
    View Listing
    Property ID
    US43-4906332
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pure Ecard / Marketing & Advertising / (Bike/Boat/Book/etc) Store
    • Puretax and Immigration Services / Tax Preparation
    • UNITED ROADLINK LLC / Trucking Company
    • ASA Construction LLC / Construction Company
    • Capacity Developers / Social Service Agency / Charitable Organization

    Property Details for 15350 N Commerce Dr

    Year built
    1976
    Lot size
    0.99 lot acres
    Property size
    12,800 SF
    Zone code
    BB
    Property type
    Office buildings
    APN
    82 10 191 04 004
    APU
    821019104004

    Description

    This exceptional office property, located at 15350 N. Commerce Drive in Dearborn, Michigan, presents a fantastic leasing opportunity. The building, totaling 12,800 square feet, offers a blend of traditional and executive office spaces, perfect for a variety of businesses. Constructed in 1976 and extensively renovated in 1999, the property boasts a modern feel while maintaining classic architectural elements. Currently, there is 892 square feet of immediately available space for lease, ideal for a smaller business or expansion. The building is zoned for Office - BB use within Wayne County. Ample parking is provided with 60 spaces available for tenants and their guests. The property's prime location in Dearborn, Michigan, zip code 48120, offers easy access to major transportation routes and local amenities. This multi-tenant building provides a professional and efficient work environment. The available space is ready for immediate occupancy. Inquire today to learn more about this exceptional leasing opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,267,000
      Market price range: $1.27M - $2.40M
      AI Estimate
      $1,267,000
      Market price range: $1.27M - $2.40M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,740,000
      Current use
      RESTAURANT
      $1,830,000
      Change: +5% Conversion: Moderate
      RETAIL STORES
      $1,500,000
      Change: -14% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Dearborn
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1896
    Latitude
    42.3116
    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
    $32,231
    $0.00
    $0.00
    $523,600
    -
    $0.00
    $0.00
    $1,047,200

    Comparable in this City

    • Value Estimation
      $5,550,000
      56,038 SF

      3900 Wyoming St

      OFFICE BUILDING • 56,038 SF
      3900 Wyoming St, Dearborn, MI 48120-1468
      View Details
    • Value Estimation
      $630,000
      6,336 SF

      15350 Mercantile Dr

      OFFICE BUILDING • 6,336 SF
      15350 Mercantile Dr, Dearborn, MI 48120-1259
      View Details
    • Value Estimation
      $1,270,000
      12,800 SF

      15300 Commerce Dr

      OFFICE BUILDING • 12,800 SF
      15300 Commerce Dr, Dearborn, MI 48120-1264
      View Details
    • Value Estimation
      $1,000,000
      17,878 SF

      15360 Commerce Dr

      OFFICE BUILDING • 17,878 SF
      15360 Commerce Dr, Dearborn, MI 48120-1252
      View Details
    • Value Estimation
      $14,655,000
      147,942 SF

      3200 Greenfield Rd

      OFFICE BUILDING • 147,942 SF
      3200 Greenfield Rd, Dearborn, MI 48120-1802
      View Details
    • Value Estimation
      $1,800,000
      13,258 SF

      15170 Commerce Dr

      OFFICE BUILDING • 13,258 SF
      15170 Commerce Dr, Dearborn, MI 48120-1225
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Dearborn Office Building on Commerce

      Renovated, furnished office building with high-tech amenities on 1.5 acres.
      15170 N Commerce Dr, Dearborn, MI 48120
      View Details
    • $429,000
      1,725 SF

      Dearborn Renovated Commercial Property For Sale

      Prime, renovated commercial property in Dearborn with high visibility.
      10306 Dix, Dearborn, MI 48120
      View Details
    • Contact for pricing
      1,200 SF

      Office Space For Sale

      1,200 SF office space available for sale.
      9704 Dix Ave, Dearborn, MI 48120
      View Details
    • $1,100,000
      4,336 SF

      Dearborn Commercial Property For Sale

      Adaptable commercial asset with long-term potential on 0.57 acres.
      10118 Eagle St, Dearborn, MI 48120
      View Details
    • $54,900

      Land For Sale Dearborn

      Land available for sale in Dearborn, Michigan.
      1545 Wyoming Ave, Dearborn, MI 48120
      View Details

    Similar Nearby for Lease

    • $2,300 /Mo
      Pending

      Updated Office Suite For Lease

      Full floor office suite in historical Springwell Village Shoppes.
      3331 Greenfield Rd, Dearborn, MI 48120
      View Details
    • $6,500 /Mo
      29,318 SF

      Industrial Building with Modern Office

      Industrial building with office space for lease in Dearborn.
      15162 S Commerce Dr, Dearborn, MI 48120
      View Details
    • $18 SF/Yr
      1,934 SF

      New Medical Office Space

      New medical office building in Dearborn, up to 5,500 RSF.
      9550 Dix St, 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
    • Contact for pricing

      Dearborn Office Space For Lease

      Office space available for lease in Dearborn, Michigan.
      15350 N Commerce Dr, Dearborn, MI 48120
      View Details
    View Listing
    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.
    15350 N Commerce Dr
    Dearborn, MI 48120
    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

    Thank You for Inquiry
    15350 N Commerce Dr, Dearborn, MI, 48120
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!