Office-Zoned Retail
For Sale
Contact for pricing
112 N WASHINGTON ST, Oxford, MI 48371
Commercial space designated for retail use with office zoning.
Property Size1,522 SF
Price / SF$312.09
Days on Market104
Property Features for 112 N WASHINGTON ST
General Information
Standard status
Active
Size
1,522 SF
Class
B
Total Parking Spaces
12
Property subtype
Retail, Multifamily, Office
Zoning
Office
Building Details
Year Built
2016
Year Renovated
2016
Buildings
1
Stories
1
Units
1
Listing Agency:
Cyrowski Real Estate, LLC
Listed By:
Carl Cyrowski · License #MI 6504086493
Source:
Crexi
Added: Jul 3
Changed: Oct 10
Last Checked: Oct 12 at 6:38PM
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 Cyrowski Real Estate, LLC
Investment Insights
Based on property information with market context.
This retail property contains 1,522 square feet and carries an Office zoning designation. The building was constructed in 2016 and is located at 112 N Washington St in Oxford, Michigan.
Key Highlights
- 1,522 SF of retail space
- Office zoning designation
- Built in 2016
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,377
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$327,540
$327.5K
Cap Rate 7%
$233,957
$234.0K
Cap Rate 9%
$181,967
$182.0K
Market Conditions
NOI Build-Up for 1,522 SF
Gross rent
$25.6K $16.80/SF
− Vacancy
−$2.2K −$1.43/SF
EGI
$23.4K $15.37/SF
− OpEx
−$7.0K −$4.61/SF
NOI
$16.4K $10.76/SF
Area
Oakland County, MI
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$327,540
Cap Rate 7%
$233,957
Cap Rate 9%
$181,967
Alternative Uses
Best Use
Retail
$234.0K
$204.7K – $273.0K
NOI $16,377 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$328.3K
$287.3K – $383.0K
NOI $22,980 @ 7.0% cap · market cap 4.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
486
Businesses Nearby
Explore this area
Business Placement
Demographics for 48371, MI
25,272
Population
9,928
Households
2.5
Avg Household Size
41
Median Age
42%
College-Educated
96%
High-School Grad
46.2 sq mi
ZIP Area
547
Density / Sq Mi
$108,983
Median Household Income
$52,606
Median Earnings
$1,244
Median Rent
$352,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Retail space - Commercial space designated for retail use with office zoning.
Where is this retail space located?
The property is located at 112 N WASHINGTON ST Oxford, MI.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 1,522 SF of retail space; Office zoning designation; Built in 2016
