15811 W WARREN Avenue, Detroit, MI 48228
Real Estate Only - Detroit, MI
- Added:
- Apr 8, 2025
- Days on Market:
- 443
- Last Refresh:
- Jun 24 at 5:06 pm
Property Features for 15811 W WARREN Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial,Multi-Family,Multiple
- Standard status
- Active
- APN
- W22I000078S
- Size
- 2,992 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3230
Building Details
- Year built
- 1995
- Floors in Building
- 1
- Building materials
- Brick, Concrete
- Architectural style
- Other
Listing agent Moussa Sobh (313) 846-0960
Listing office Empire Realty Group 6271 Schaefer, MI (313) 846-0960
Listing date Apr 8, 2025
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HighLights
- High‑visibility retail storefront on a busy road near Dearborn.
- Two fully leased residential units providing steady cash flow.
- Excellent location with easy access to major freeways.
- Strong tenant history and solid condition.
- Well‑maintained commercial building constructed of brick and concrete.
- Turn‑key asset in a high‑demand area.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.7k | $18.60 |
| − Vacancy | −$3.0k | −$1.00 |
| EGI | $52.6k | $17.60 |
| − OpEx | −$15.8k | −$5.28 |
| NOI | $36.9k | $12.32 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.199994
- Latitude
- 42.343561