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    Eastpointe Commercial Space on Corner Title is generated by Realmo AI

    17503 Stephens Drive, Eastpointe, MI 48021

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    For Sale
    $95,000

    Real Estate Only - Eastpointe, MI

    Property size:
    760 SF
    Lot size:
    0.05 Acres
    Price / SF:
    $125/SF
    Added:
    Feb 2, 2026
    Days on Market:
    104
    Last Refresh:
    May 17 at 1:06 am

    Property Features for 17503 Stephens Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Active
    APN
    1429179022
    Size
    760 SF
    Lot size
    0.05 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3451
    Expense value
    20000
    Expense
    Security Deposit
    Expense freq.
    Once

    Building Details

    Year built
    1957
    Floors in Building
    1
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    James T Silver

    Listing agent James T Silver

    Listing office Keller Williams Somerset 888 W Big Beaver Road #200, Troy, MI

    Listing date Feb 2, 2026

    MLS# 20261006556 Listing URL

    Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Convenient Eastpointe location on a corner lot with quick access to I‑94 and Gratiot Ave.
    • Well‑maintained and almost move‑in ready commercial space.
    • Versatile layout suitable for a variety of commercial uses.
    • Possible seller financing available (subject to bank approval).
    • Ideal for owner‑users or investors.
    • Bank‑owned property.

    Overview

    This updated and clean commercial space is situated on a corner lot in a convenient Eastpointe location. It is located near Gratiot Avenue with quick access to I-94, offering accessibility for clients, employees, and deliveries. The interior is well-maintained and almost move-in ready, featuring a half bathroom and a versatile layout suitable for a variety of commercial uses. The property is ideal for owner-users or investors seeking a clean space, a strong location, and flexible financing options. The property size is 760 square feet and the lot size is 0.05 acres.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $62.4K
    NOI $5,618 @ 9.00% cap · cautious / downside scenario
    Moderate
    $80.3K
    NOI $5,618 @ 7.00% cap · market / base-case scenario
    Aggressive
    $112.4K
    NOI $5,618 @ 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 $9.1k $12.00
    − Vacancy −$1.1k −$1.44
    EGI $8.0k $10.56
    − OpEx −$2.4k −$3.17
    NOI $5.6k $7.39
    760 SF · lease $12.00/SF/yr · vacancy 12.00% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Retail
    $80.3K
    $70.2K – $93.6K (±1% cap)
    NOI $5,618 @ 7.0% cap · market cap 5.91%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $142.3K
    $124.5K – $166.0K (±1% cap)
    NOI $9,960 @ 7.0% cap · market cap 10.48%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Diablo luxury group Construction Company Cleats for Athletes Charitable Organization GINAS PRIME CUTS ... Hair Salon

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Eastpointe
    County
    Macomb
    State
    Michigan
    Longitude
    -82.940726
    Latitude
    42.472642

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    FAQs

    What type of property is this?
    Retail space - Clean, updated commercial space in Eastpointe, move-in ready.
    Where is this retail space located?
    The property is located at 17503 Stephens Drive Eastpointe, MI.
    What is the asking price?
    The asking price for this property is $95,000.
    What are key features of this property?
    This property features: Convenient Eastpointe location on a corner lot with quick access to I‑94 and Gratiot Ave.; Well‑maintained and almost move‑in ready commercial space.; Versatile layout suitable for a variety of commercial uses.
    (248) 530-7292
    We can help!
    Listing Contact
    James T Silver
    Real Estate License ID: 6502374648
    Learn More
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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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