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    Property profile & analytics

    5641 Schaefer Rd Dearborn, MI 48126-2252

    • Office buildings
    • 1,302 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimation
    $150,000
    Last Sale
    Jan 18, 2022
    $125,000
    Location Intelligence
    Property ID
    US43-1517209
    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

    • Vip Wholesale / Vitamin & Supplements Store

    Property Details for 5641 Schaefer Rd

    Year built
    1947
    Lot size
    0.09 lot acres
    Property size
    1,302 SF
    Zone code
    BB
    Property type
    Office buildings
    APN
    82 10 074 31 017
    APU
    821007431017

    Description

    This beautifully remodeled 1,400 square foot office building in Dearborn, Michigan, is available for immediate occupancy. Located on a high-traffic road in Wayne County, this single-story property sits on a 0.09-acre lot and is ideally suited for a variety of uses, including law offices, medical practices, or retail businesses. The building features three spacious executive offices with custom decor and gleaming hardwood floors. A modern common area boasts elegant custom tile work and recessed lighting. The remodeled kitchen includes granite counters, a tile backsplash, modern hardware, and appliances. Both 1.5 bathrooms are fully tiled. A standout feature is the finished basement, complete with an air ventilation system, updated ceramic tile, recessed lighting, a full bathroom, and ample storage space, perfect for meetings or additional office space. The asking price is $399,500, with a price per square foot of $285.36. This is a fantastic opportunity to acquire a move-in ready office space in a desirable location. The property's zip code is 48126.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $145,000

    • CAP approach

      CAP return
      Estimation
      6%
      $165,000
      6.5%
      $175,000
      7%
      $155,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $160,000
      Geo Method
      $145,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $155,000
      Retail
      $175,000
      Mixed-Use
      $175,000
      Hospitality
      $180,000
      Educational
      $170,000
      Residential Income
      $180,000
      Energy
      $155,000
      Income-Based Land
      $185,000
      Food Service
      $180,000

    Location Insight

    • Map
    • Local Demand
    City
    Dearborn
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1766
    Latitude
    42.3302
    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
    $7,234
    $0.00
    $0.00
    $110,700
    -
    $0.00
    $0.00
    $221,400

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation by Request
      642,130 SF

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      OFFICE BUILDING • 642,130 SF
      Dearborn, MI 48126
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    • Value Estimation by Request
      114,300 SF

      5111 Auto Clb Dr

      OFFICE BUILDING • 114,300 SF
      5111 Auto Clb Dr, Dearborn, MI 48126-2749
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    • Value Estimation by Request
      15,253 SF

      12740 Warren Ave

      OFFICE BUILDING • 15,253 SF
      12740 Warren Ave, Dearborn, MI 48126-4530
      View Details
    • Value Estimation by Request
      1,320 SF

      15200 Warren Ave

      OFFICE BUILDING • 1,320 SF
      15200 Warren Ave, Dearborn, MI 48126-1356
      View Details
    • Value Estimation by Request
      1,428 SF

      13646 Warren Ave

      OFFICE BUILDING • 1,428 SF
      13646 Warren Ave, Dearborn, MI 48126-1421
      View Details

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    Similar Nearby for Lease

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    Dearborn, MI 48126-2252
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    Realmo Value Estimation

    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.

    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.

    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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