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    5940 Calhoun St Dearborn, MI 48126
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    5940 Calhoun St Dearborn, MI 48126

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    • Warehouses
    • 4,319 SF
    • 0.34 lot acres
    For Lease
    $3,500/Mo
    View Listing →
    Dearborn Flex/Industrial Space For Rent For Lease
    $3,500/Mo
    4,319 SF

    Dearborn Flex/Industrial Space For Rent

    Flex/industrial space available for lease in Dearborn, Michigan.

    5940 CALHOUN Street, Dearborn, MI 48126
    View Listing
    Property ID
    US43-0418923
    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

    • FIRST PRINT / (Bike/Boat/Book/etc) Store / Printing Service
    • National Transportation Inc / Freight Service / Logistics Company

    Property Details for 5940 Calhoun St

    Year built
    1928
    Construction
    CONCRETE BLOCKS
    Lot size
    0.34 lot acres
    Property size
    4,319 SF
    Zone code
    RA
    Property type
    Warehouses
    APN
    82 10 083 16 001
    APU
    821008316001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Dearborn
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1748
    Latitude
    42.3328
    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
    $3,308
    $0.00
    $0.00
    $58,300
    -
    $0.00
    $0.00
    $116,600

    Comparable in this City

    • Value Estimation
      $600,000
      14,700 SF

      9335 Saint Stephens St

      WAREHOUSE, STORAGE • 14,700 SF
      9335 Saint Stephens St, Dearborn, MI 48126-3801
      View Details
    • Value Estimation
      $2,135,000
      44,920 SF

      6430 Wyoming St

      WAREHOUSE, STORAGE • 44,920 SF
      6430 Wyoming St, Dearborn, MI 48126-2342
      View Details
    • Value Estimation
      $1,090,000
      25,930 SF

      6200 Miller Rd

      WAREHOUSE, STORAGE • 25,930 SF
      6200 Miller Rd, Dearborn, MI 48126-6300
      View Details
    • Value Estimation
      $1,225,000
      22,460 SF

      5330 Oakman Blvd

      WAREHOUSE, STORAGE • 22,460 SF
      5330 Oakman Blvd, Dearborn, MI 48126-3358
      View Details
    • Value Estimation
      $895,000
      24,351 SF

      13165 Prospect St

      WAREHOUSE, STORAGE • 24,351 SF
      13165 Prospect St, Dearborn, MI 48126-3603
      View Details
    • Value Estimation by Request
      2,975 SF

      7120 Chase Rd

      WAREHOUSE, STORAGE • 2,975 SF
      7120 Chase Rd, Dearborn, MI 48126-4505
      View Details

    Similar Nearby for Sale

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      Truck Repair/Warehouse Near I-94

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    • Contact for pricing
      42,000 SF

      Dearborn Warehouse Property for Sale

      42,000 square foot warehouse property in Dearborn, Michigan.
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    • $725,000

      East Dearborn Warehouse Space Available

      Over 8,000 sq ft warehouse on over 0.25 acres.
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    • $2,100,000
      17,998 SF

      Dearborn Warehouse Space For Sale

      17,998 SF warehouse available in Dearborn, Michigan.
      6650 Chase Rd, Dearborn, MI 48126
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    • $600,000

      Dearborn Commercial/Industrial Building For Sale

      Well-maintained 1,400 SF commercial/industrial building on large lot.
      10500 Southern St, Dearborn, MI 48126
      View Details
    • $2,750,000

      Dearborn Flex Space Near Ford

      Single-story flex space near Ford with convenient highway access.
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    Similar Nearby for Lease

    • $7,000 /Mo
      7,200 SF

      Two-Story Warehouse in Dearborn, MI

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      6255 Schaefer Rd, Dearborn, MI 48126
      View Details
    • $6,500 /Mo

      Dearborn Warehouse Space For Lease

      8,000 SF warehouse space available near I-94 in Dearborn.
      5151 Miller Rd, Dearborn, MI 48126
      View Details
    • $5,750 /Mo

      Mixed-Use Space with Office & Warehouse

      Two-story office and warehouse space with overhead door and parking.
      10501 Haggerty St, Dearborn, MI 48126
      View Details
    View Listing
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    Dearborn, MI 48126
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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.

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