Sprawling Commercial Space on
For Sale
$1,935,000
8830 TELEGRAPH, Taylor, MI 48180
18009 SF commercial space suitable for various businesses.
Property Size18,009 SF
Price / SF$107.45
Days on Market936
Property Features for 8830 TELEGRAPH
General Information
Standard status
Active
Size
18,009 SF
Property subtype
Industrial
Amenities
3
Commercial
210X400
Paved Road.
Building Details
Year Built
1919
Listing Agency:
RE/MAX Team 2000
(313) 561-0900
Listed By:
Victor Fawaz · License #6501298881
(734) 719-0007
Source:
Xome
Added: Jan 28, 2024
Changed: Aug 8
Last Checked: Aug 8 at 4:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Team 2000
Investment Insights
Based on property information with market context.
This property offers 18009 square feet of space suitable for a variety of commercial uses, including a furniture store, supermarket, or logistics operation. The property is located on Telegraph, serving the Downriver area. It features a large parking lot, an office center, restrooms, and central air. The owner will also consider selling the property.
Key Highlights
- Expansive 18,000 sq ft of space suitable for various commercial ventures
- Prime location on Telegraph, covering the Downriver area
- Zoned for commercial use
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$170,639
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,412,780
$3.4M
Cap Rate 7%
$2,437,700
$2.4M
Cap Rate 9%
$1,895,989
$1.9M
Market Conditions
NOI Build-Up for 18,009 SF
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.
Gross rent
$259.3K $14.40/SF
− Vacancy
−$15.6K −$0.86/SF
EGI
$243.8K $13.54/SF
− OpEx
−$73.1K −$4.06/SF
NOI
$170.6K $9.48/SF
Area
Wayne County, MI
Vacancy
6.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,412,780
Cap Rate 7%
$2,437,700
Cap Rate 9%
$1,895,989
Alternative Uses
Best Use
Retail
$2.44M
$2.13M – $2.84M
NOI $170,639 @ 7.0% cap · market cap 8.82%
Second Best
Flex RnD
$1.62M
$1.42M – $1.89M
NOI $113,629 @ 7.0% cap · market cap 5.87%
Theoretical Best
Specialty Retail
$3.33M
$2.92M – $3.89M
NOI $233,397 @ 7.0% cap · market cap 12.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
417
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48180, MI
63,409
Population
26,741
Households
2.4
Avg Household Size
39
Median Age
16%
College-Educated
87%
High-School Grad
23.6 sq mi
ZIP Area
2,687
Density / Sq Mi
$59,537
Median Household Income
$40,090
Median Earnings
$1,036
Median Rent
$141,200
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - 18009 SF commercial space suitable for various businesses.
Where is this flex space located?
The property is located at 8830 TELEGRAPH Taylor, MI.
What is the asking price?
The asking price for this property is $1,935,000.
What are key features of this property?
This property features: Expansive 18,000 sq ft of space suitable for various commercial ventures; Prime location on Telegraph, covering the Downriver area; Zoned for commercial use
