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    Eastpointe Commercial Building For Sale Title is generated by Realmo AI

    16149 E 10 Mile Rd, Eastpointe, MI 48021

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    For Sale
    $129,000

    Commercial/Industrial - Eastpointe, MI

    Property size:
    1,000 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $129/SF
    Added:
    Feb 6, 2026
    Days on Market:
    110
    Last Refresh:
    May 27 at 9:06 am

    Property Features for 16149 E 10 Mile Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    1419457006
    Size
    1,000 SF
    Lot size
    0.06 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1953
    Architectural style
    Other

    We can help!

    Listing Contact
    Eric Goosen
    Eric Goosen

    Listing agent Eric Goosen License #6506037428

    Listing office Berkshire Hathaway HomeServices Kee Realty SCS 19900 E 10 Mile Rd Ste 104, MI

    Listing date Feb 6, 2026

    MLS# 50198930 Listing URL

    Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Zoned commercial MU2, offering versatile business opportunities.
    • Occupancy certified and ready for immediate use.
    • Newer front asphalt parking and updated electrical service.
    • Includes newer, high‑efficiency furnace and central air conditioning.
    • Previously used as a dog grooming facility; client list and license potentially available.
    • New carpet, painting, and high‑efficiency LED lighting.

    Overview

    This commercial building, previously used as a dog grooming facility, is available for sale. The property is zoned commercial MU2 and features new, high-efficiency LED lighting. The front asphalt parking area is newer. The building is occupancy certified, clean, and ready for use. It includes central air conditioning on the roof, a newer high-efficiency furnace, and updated electrical service. New carpet and painting have been completed. The property is located near a high-volume Little Caesars store. Currently occupied by a tenant, the building can be vacated quickly for a new owner. The lot size is 0.06 acres, and the property size is 1,000 square feet.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $82.1K
    NOI $7,392 @ 9.00% cap · cautious / downside scenario
    Moderate
    $105.6K
    NOI $7,392 @ 7.00% cap · market / base-case scenario
    Aggressive
    $147.8K
    NOI $7,392 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Retail

    Component $ $/SF
    Gross rent $12.0k $12.00
    − Vacancy −$1.4k −$1.44
    EGI $10.6k $10.56
    − OpEx −$3.2k −$3.17
    NOI $7.4k $7.39
    1,000 SF · lease $12.00/SF/yr · vacancy 12.00% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Retail
    $105.6K
    $92.4K – $123.2K (±1% cap)
    NOI $7,392 @ 7.0% cap · market cap 5.73%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $187.2K
    $163.8K – $218.4K (±1% cap)
    NOI $13,105 @ 7.0% cap · market cap 10.16%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Canine Country Grooming Pet Grooming Service

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Eastpointe
    County
    Macomb
    State
    Michigan
    Longitude
    -82.955199
    Latitude
    42.479868

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    FAQs

    What type of property is this?
    Retail space - Commercial building in great location, ready for new owner.
    Where is this retail space located?
    The property is located at 16149 E 10 Mile Rd Eastpointe, MI.
    What is the asking price?
    The asking price for this property is $129,000.
    What are key features of this property?
    This property features: Zoned commercial MU2, offering versatile business opportunities.; Occupancy certified and ready for immediate use.; Newer front asphalt parking and updated electrical service.
    (586) 899-3659
    We can help!
    Listing Contact
    Eric Goosen
    Eric Goosen
    Real Estate License ID: 6506037428
    Request Owner's contact information
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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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