Freestanding Brick
For Sale
$175,000
1128 MIDDLEBELT RD, Inkster, MI 48141
Vacant commercial building with broad display windows, flexible interior space, and immediate occupancy available.
Property Size896 SF
Price / SF$195.31
Days on Market12
Property Features for 1128 MIDDLEBELT RD
General Information
Standard status
Active
Size
896 SF
Property subtype
Industrial
Amenities
40123
Building Details
Year Built
19
Construction
brick
Tenancy
Single
Listing Agency:
Amin Realty
(248) 802-8522
Listed By:
Erick Howard · License #6501396565
(248) 802-8522
Source:
Xome
Added: Aug 18
Changed: Aug 29
Last Checked: Aug 29 at 11:56AM
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 Amin Realty
Investment Insights
Based on property information with market context.
This freestanding brick storefront at 1128 Middlebelt Road features prominent street frontage, expansive storefront windows, and an adaptable interior. The 896-size commercial property is currently vacant and available for immediate occupancy.
The building was previously used by a clothing and accessories retailer. Its layout may support retail, office, service, showroom, studio, or other commercial uses, subject to municipal approval. The property is positioned along the Middlebelt Road corridor in Inkster, with access to surrounding residential areas and major Metro Detroit thoroughfares.
The building was previously used by a clothing and accessories retailer. Its layout may support retail, office, service, showroom, studio, or other commercial uses, subject to municipal approval. The property is positioned along the Middlebelt Road corridor in Inkster, with access to surrounding residential areas and major Metro Detroit thoroughfares.
Key Highlights
- Freestanding brick commercial building
- Prominent frontage along Middlebelt Road in Inkster, MI
- Large storefront windows for street‑facing display
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
$8,490
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
4.85%
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%
$169,800
$169.8K
Cap Rate 7%
$121,286
$121.3K
Cap Rate 9%
$94,333
$94.3K
Market Conditions
NOI Build-Up for 896 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
$12.9K $14.40/SF
− Vacancy
−$774 −$0.86/SF
EGI
$12.1K $13.54/SF
− OpEx
−$3.6K −$4.06/SF
NOI
$8.5K $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%
$169,800
Cap Rate 7%
$121,286
Cap Rate 9%
$94,333
Alternative Uses
Best Use
Retail
$121.3K
$106.1K – $141.5K
NOI $8,490 @ 7.0% cap · market cap 4.85%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$165.9K
$145.2K – $193.5K
NOI $11,612 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
221
Businesses Nearby
10k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Shell
Shops & Services
5,411 visits/mo
0.1 miles
Valero Energy
Shops & Services
4,944 visits/mo
0.2 miles
Demographics for 48141, MI
26,088
Population
11,497
Households
2.3
Avg Household Size
34
Median Age
12%
College-Educated
83%
High-School Grad
6.3 sq mi
ZIP Area
4,141
Density / Sq Mi
$39,632
Median Household Income
$32,135
Median Earnings
$1,127
Median Rent
$75,700
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 - Vacant commercial building with broad display windows, flexible interior space, and immediate occupancy available.
Where is this storefront property located?
The property is located at 1128 MIDDLEBELT RD Inkster, MI.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Freestanding brick commercial building; Prominent frontage along Middlebelt Road in Inkster, MI; Large storefront windows for street‑facing display
