Corner Retail Building with
For Sale
Contact for pricing
10610 Telegraph Road, Taylor, MI 48180
Single-story freestanding retail building on a highly visible corner lot with dedicated parking and substantial Telegraph Road frontage.
Property Size8,060 SF
Lot Size0.83 Acres
Price / SF$198.51
Days on Market175
Property Features for 10610 Telegraph Road
General Information
Standard status
Active
Size
8,060 SF
Total Parking Spaces
25
Lot size
0.83 Acres
Property subtype
RETAIL
Zoning
B-3
Site & Location
Traffic Count
56,885 vehicles/day
Road Access
Yes
Building Details
Stories
1
Listing Agency:
Landmark Commercial Real Estate Services
(248) 488-2620
Listed By:
Alessandro Bortolotti · License #6501452350
(248) 488-2620
Source:
Moodyscre
Added: Feb 26
Changed: Jul 28
Last Checked: Aug 20 at 1:52PM
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 Landmark Commercial Real Estate Services
Investment Insights
Based on property information with market context.
This single-story freestanding retail building offers approximately 8,060 SF and is positioned on a highly visible corner lot. The property provides easy access and approximately 116 feet of frontage on Telegraph Road, supported by about 25 dedicated parking spaces.
The site is zoned B-3 for retail and commercial use and is located within a larger 0.83-acre parcel. The property benefits from proximity to a bus line and is situated among national and regional tenants, including banks, fitness centers, restaurants, and big-box retailers.
The layout is suited for standalone retail concepts and other B-3 uses, including medical uses, quick-casual dining, service providers, and specialty stores seeking a built-out infrastructure in a retail-focused setting.
The site is zoned B-3 for retail and commercial use and is located within a larger 0.83-acre parcel. The property benefits from proximity to a bus line and is situated among national and regional tenants, including banks, fitness centers, restaurants, and big-box retailers.
The layout is suited for standalone retail concepts and other B-3 uses, including medical uses, quick-casual dining, service providers, and specialty stores seeking a built-out infrastructure in a retail-focused setting.
Key Highlights
- Single‑story freestanding retail building with approximately 8,060 SF
- Highly visible corner lot with 116 ft of frontage on Telegraph Road with about 56,885 CPD
- Zoned B‑3 for retail/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
$76,370
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
4.77%
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%
$1,527,400
$1.5M
Cap Rate 7%
$1,091,000
$1.1M
Cap Rate 9%
$848,556
$848.6K
Market Conditions
NOI Build-Up for 8,060 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
$116.1K $14.40/SF
− Vacancy
−$7.0K −$0.86/SF
EGI
$109.1K $13.54/SF
− OpEx
−$32.7K −$4.06/SF
NOI
$76.4K $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%
$1,527,400
Cap Rate 7%
$1,091,000
Cap Rate 9%
$848,556
Alternative Uses
Best Use
Retail
$1.09M
$954.6K – $1.27M
NOI $76,370 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.49M
$1.31M – $1.74M
NOI $104,458 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
56,885 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
568
Businesses Nearby
252k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 22%
Home Improvements & Furnishings 14%
Groceries 8%
The Home Depot
Home Improvements & Furnishings
33,302 visits/mo
0.4 miles
McDonald's
Dining
29,810 visits/mo
0.1 miles
Ollie's Bargain Outlet
Shops & Services
20,238 visits/mo
0.3 miles
Gordon Food Service
Groceries
20,107 visits/mo
0.2 miles
Taco Bell
Dining
16,003 visits/mo
0.2 miles
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 Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Single-story freestanding retail building on a highly visible corner lot with dedicated parking and substantial Telegraph Road frontage.
Where is this storefront property located?
The property is located at 10610 Telegraph Road Taylor, MI.
What is the asking price?
The asking price for this property is $1,599,999.
What are key features of this property?
This property features: Single‑story freestanding retail building with approximately 8,060 SF; Highly visible corner lot with 116 ft of frontage on Telegraph Road with about 56,885 CPD; Zoned B‑3 for retail/commercial use
