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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5640 Telegraph Rd Dearborn Heights, MI 48127-3219

    • Strip malls
    • 22,690 SF
    • 2.09 lot acres
    OFF-MARKET
    Value Estimations
    $2,245,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1313246
    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

    • Tel-Ford Shopping Center / Business Center
    • Golden Mirage Venue / Banquet Hall
    • Team Rehabilitation Physical Therapy / Physical Therapy Clinic / Physical Therapist

    Property Details for 5640 Telegraph Rd

    Year built
    1971
    Lot size
    2.09 lot acres
    Property size
    22,690 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    33 020 03 0259 301
    APU
    33020030259301

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,244,000
      Market price range: $1.09M - $2.45M
      AI Estimate
      $2,244,000
      Market price range: $1.09M - $2.45M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,805,000
      Current use
      RETAIL STORES
      $3,200,000
      Change: +77% Conversion: Easy
      COMMERCIAL (GENERAL)
      $2,490,000
      Change: +38% Conversion: Easy
      RESTAURANT
      $2,350,000
      Change: +30% Conversion: Difficult
      OFFICE BUILDING
      $2,205,000
      Change: +22% Conversion: Moderate
      MEDICAL BUILDING
      $2,135,000
      Change: +18% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,630,000
      Change: -10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Dearborn Heights
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2723
    Latitude
    42.3286
    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
    $36,326
    $0.00
    $0.00
    $966,300
    -
    $0.00
    $0.00
    $1,932,600

    Comparable in this City

    • Value Estimation by Request
      4,000 SF

      25038 Warren St

      SHOPPING CENTER, STRIP CENTER • 4,000 SF
      25038 Warren St, Dearborn Heights, MI 48127-2145
      View Details
    • Value Estimation
      $8,240,000
      171,414 SF

      26500 Frd Rd

      SHOPPING CENTER, STRIP CENTER • 171,414 SF
      26500 Frd Rd, Dearborn Heights, MI 48127-2885
      View Details
    • Value Estimation
      $640,000
      5,928 SF

      27310 Frd Rd

      SHOPPING CENTER, STRIP CENTER • 5,928 SF
      27310 Frd Rd, Dearborn Heights, MI 48127-2892
      View Details
    • Value Estimation by Request
      4,500 SF

      25842 Frd Rd

      SHOPPING CENTER, STRIP CENTER • 4,500 SF
      25842 Frd Rd, Dearborn Heights, MI 48127-2935
      View Details
    • Value Estimation
      $565,000
      7,810 SF

      24725 Warren St

      SHOPPING CENTER, STRIP CENTER • 7,810 SF
      24725 Warren St, Dearborn Heights, MI 48127-2108
      View Details
    • Value Estimation
      $1,595,000
      43,891 SF

      20055 Ann Arbor Trl

      SHOPPING CENTER, STRIP CENTER • 43,891 SF
      20055 Ann Arbor Trl, Dearborn Heights, MI 48127-2661
      View Details

    Similar Nearby for Sale

    • $3,925,000

      Three Unit Retail Center

      Retail center with Chipotle, Verizon, and Crimson Coward.
      26670 Ford Rd, Dearborn Heights, MI 48127
      View Details
    • $295,000

      Dearborn Commercial Business For Sale

      Commercial business in Downtown Dearborn, situated in a high-growth area.
      22001 Michigan Ave Ave E 150, Dearborn, MI 48127
      View Details
    • New
      $349,999
      3,960 SF

      Dearborn Heights Restaurant Business Opportunity

      Established Middle Eastern restaurant in a high-traffic Dearborn Heights location.
      22700 Ford Rd, Dearborn Heights, MI 48127
      View Details
    • $549,800
      5,600 SF

      Established Auto Repair Shop

      Collision and auto repair shop on Telegraph Rd for sale.
      6152 N Telegraph Rd, Dearborn Heights, MI 48127
      View Details
    • $39,800

      Established Business Opportunity on Ford Rd

      Business opportunity in high-traffic area suitable for various uses.
      22738 Ford Rd, Dearborn Heights, MI 48127
      View Details
    • $90,000
      1,080 SF

      Profitable Smoke Shop Opportunity

      Established smoke shop with high traffic and consistent sales.
      8235 N Telegraph Rd, Dearborn Heights, MI 48127
      View Details

    Similar Nearby for Lease

    • $3,400 /Mo

      Retail Plaza with Drive-Thru

      New retail plaza with drive-thru, available in 2025.
      300 N Inkster Rd, Dearborn Heights, MI 48127
      View Details
    • $15 SF/Yr
      13,239 SF

      Tel-Joy Medical Office Space Available

      Prime Medical Office Suites, Wayne County
      8601 Telegraph Rd, Dearborn Heights, MI 48127
      View Details
    • $1,750 /Mo

      Versatile Commercial Building on Warren

      Commercial building in Dearborn Heights, ideal for offices or retail.
      24602 W Warren Ave St, Dearborn Heights, MI 48127
      View Details
    • $2,650 /Mo

      Retail Space on Telegraph Road

      Retail space available in Dearborn Heights with prime frontage.
      8125 N Telegraph Rd, Dearborn Heights, MI 48127
      View Details
    • $2,700 /Mo
      8,400 SF

      Dearborn Heights Commercial Space For Rent

      Second-floor commercial unit suitable for retail, office, or creative use.
      22150 Ford Rd, Dearborn Heights, MI 48127
      View Details
    • $2,575 /Mo

      Warren Avenue Retail Space Available

      Retail space for rent in Dearborn Heights, 1,600 SF.
      25024 W Warren St, Dearborn Heights, MI 48127
      View Details
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    5640 Telegraph Rd
    Dearborn Heights, MI 48127-3219
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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
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