Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Taylor, MI Commercial Building For Sale Title is generated by Realmo AI

    21090 Goddard Road, Taylor, MI 48180

    View on Map
    Claim this Listing
    For Sale
    $224,900

    Real Estate Only - Taylor, MI

    Property size:
    1,559 SF
    Lot size:
    0.52 Acres
    Price / SF:
    $144/SF
    Added:
    Jun 11, 2025
    Days on Market:
    340
    Last Refresh:
    May 16 at 5:06 am

    Property Features for 21090 Goddard Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Active
    APN
    60035010273001
    Size
    1,559 SF
    Lot size
    0.52 Acres

    Taxes and HOA fees

    Tax Annual Amount
    5619
    Expense value
    82470
    Expense
    Security Deposit
    Expense freq.
    Once

    Building Details

    Year built
    1941
    Floors in Building
    1
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Jeff Glover

    Listing agent Jeff Glover

    Listing office KW Professionals 789 W Ann Arbor Trail, Plymouth, MI

    Listing date Jun 11, 2025

    MLS# 20251007355 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

    • 1559 sqft building - primed for customization, previously used as a brewery/restaurant.
    • 114 feet of road frontage on Goddard Road in Taylor.
    • Ample parking on both sides of the building.
    • Roof approximately 10 years old.
    • Brick construction.
    • Adjacent 3 bed, 2.1 bath ranch house available for purchase for expanded usage.

    Overview

    Located in Taylor, MI, the property at 21090 Goddard Road features a 1559 square foot commercial building with 114 feet of road frontage. Previously used as a brewery and restaurant, the building requires renovation and offers customization potential. The property includes ample parking on both sides of the building. The roof is approximately 10 years old. The property is being sold 'as is'. The lot size is 0.52 acres. An adjacent 3-bedroom, 2.1-bath ranch house is also available for purchase, offering potential for expanded usage. The zoning is commercial.

    Financial Insights

    Value Estimation Calculated for Specialty Retail

    Conservative
    $224.5K
    NOI $20,205 @ 9.00% cap · cautious / downside scenario
    Moderate
    $288.6K
    NOI $20,205 @ 7.00% cap · market / base-case scenario
    Aggressive
    $404.1K
    NOI $20,205 @ 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 Specialty Retail

    Component $ $/SF
    Gross rent $28.1k $18.00
    − Vacancy −$1.1k −$0.72
    EGI $26.9k $17.28
    − OpEx −$6.7k −$4.32
    NOI $20.2k $12.96
    1,559 SF · lease $18.00/SF/yr · vacancy 4.00% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Specialty Retail
    $288.6K
    $252.6K – $336.8K (±1% cap)
    NOI $20,205 @ 7.0% cap · market cap 8.98%
    Second Best
    Retail
    $211.0K
    $184.7K – $246.2K (±1% cap)
    NOI $14,772 @ 7.0% cap · market cap 6.57%
    Theoretical Best
    —
    —
    same as Best Use
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Breweries

    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
    Taylor
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2397549
    Latitude
    42.2277864

    Nearby Similar for Sale

    • $1,350,000
      11,140 SF

      Taylor, MI Office/Retail Building

      Versatile office and retail space in high-traffic area.
      23944 Eureka Road, Taylor, MI 48180
      View Details
    • $469,000
      6,745 SF

      Commercial Property with Kitchen Infrastructure

      Commercial property in Taylor, MI, featuring kitchen infrastructure.
      25621 ECORSE Road, Taylor, MI 48180
      View Details
    • $350,000
      6,942 SF

      Commercial Property in Taylor, MI

      Spacious commercial property suitable for retail, warehouse, or other uses.
      25595 Van Born Road, Taylor, MI 48180
      View Details
    • $650,000
      2,800 SF

      Profitable Liquor Store & Building

      Established liquor store with building for sale in Taylor, MI.
      11063 TELEGRAPH Road, Taylor, MI 48180
      View Details
    • $275,000
      2,400 SF

      Turnkey Bar and Restaurant Opportunity

      Ready-to-go bar and restaurant with a Class C liquor license.
      5915 Inkster Road, Taylor, MI 48180
      View Details
    • $199,000
      2,160 SF

      Restaurant in Kirklynn Plaza

      Restaurant in a convenient location surrounded by residential development.
      22300 Goddard Road, Taylor, MI 48180
      View Details
    • $469,000
      6,745 SF

      Ecorse Road Commercial Kitchen Opportunity

      Commercial kitchen infrastructure, blank canvas for new business or redevelopment.
      25621 ECORSE Road, Taylor City, MI 48180
      View Details
    • $1,600,000

      Commercial Property Near I-94 Corridor

      2.35-acre commercial property with updated office and spacious warehouse.
      6252 Monroe Blvd, Taylor, MI 48180
      View Details
    • $469,000

      Ecorse Rd Commercial Kitchen Opportunity

      Commercial kitchen infrastructure, blank canvas for new business or redevelopment.
      25621 ECORSE Rd, Taylor, MI 48180
      View Details
    • $1,559,589

      Freestanding Family Dollar Store

      Single tenant Family Dollar in Taylor, Michigan, Detroit MSA.
      10550 Telegraph Rd, Taylor, MI 48180
      View Details
    • $499,900

      Remodeled Multifamily Airbnb Investment Property

      Remodeled 4-unit multifamily property, currently operating as a lucrative Airbnb.
      5904 Janet Street, Taylor, MI 48180
      View Details
    • $310,000

      Renovated Duplex with Modern Units

      Completely renovated duplex featuring modern, comfortable living spaces.
      14622-14624 Huron St, Taylor, MI 48180
      View Details

    FAQs

    What type of property is this?
    Brewery - Commercial building with road frontage, previously a brewery/restaurant.
    Where is this brewery located?
    The property is located at 21090 Goddard Road Taylor, MI.
    What is the asking price?
    The asking price for this property is $224,900.
    What are key features of this property?
    This property features: 1559 sqft building - **primed for customization**, previously used as a brewery/restaurant.; **114 feet of road frontage** on Goddard Road in Taylor.; Ample parking on both sides of the building.
    (734) 459-4700
    We can help!
    Listing Contact
    Jeff Glover
    Real Estate License ID: 6501317808
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    21090 Goddard Road, Taylor, MI 48180
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!