Multi-Parcel Commercial
New
For Sale
$4,000,000
11400 E Jefferson Ave, Detroit, MI 48214
Multi-parcel land assemblage with zoning diversity near major Detroit transportation routes.
Property Size25,218 SF
Price / SF$158.62
Days on Market2
Property Features for 11400 E Jefferson Ave
General Information
Standard status
Active
Size
25,218 SF
Listing Agency:
RE/MAX Dream Properties
Listed By:
Glen L Brown · License #6501272277
(734) 462-3600
Source:
Katie-k
Added: Sep 12
Last Checked: Sep 12 at 2:42PM
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 Dream Properties
Investment Insights
Based on property information with market context.
The offering comprises a 4.54-acre, multi-parcel commercial land portfolio at 11400 E Jefferson Ave in Detroit. The property information identifies zoning diversity across the assemblage and outlines potential applications including retail and service centers, distribution or light industrial facilities, automotive-related businesses, workforce or market-rate housing, and mixed-use redevelopment.
The site is described as being minutes from I-94 and I-75, with proximity to the Detroit Riverfront. Its scale and parcel configuration provide a land platform for developers, investors, and end users evaluating commercial, industrial, residential, or mixed-use concepts.
The site is described as being minutes from I-94 and I-75, with proximity to the Detroit Riverfront. Its scale and parcel configuration provide a land platform for developers, investors, and end users evaluating commercial, industrial, residential, or mixed-use concepts.
Key Highlights
- 4.54‑acre multi‑parcel commercial land portfolio
- Zoning diversity across the assemblage
- Potential for retail and service center development
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
$299,590
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
7.49%
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%
$5,991,800
$6.0M
Cap Rate 7%
$4,279,857
$4.3M
Cap Rate 9%
$3,328,778
$3.3M
Market Conditions
NOI Build-Up for 25,218 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
$544.7K $21.60/SF
− Vacancy
−$65.4K −$2.59/SF
EGI
$479.3K $19.01/SF
− OpEx
−$179.8K −$7.13/SF
NOI
$299.6K $11.88/SF
Area
Detroit, MI
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$5,991,800
Cap Rate 7%
$4,279,857
Cap Rate 9%
$3,328,778
Alternative Uses
Best Use
Mixed Use
$4.28M
$3.74M – $4.99M
NOI $299,590 @ 7.0% cap · market cap 7.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.56M
$4.87M – $6.49M
NOI $389,423 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
238
Businesses Nearby
Explore this area
Business Placement
Demographics for 48214, MI
18,959
Population
13,279
Households
1.4
Avg Household Size
44
Median Age
27%
College-Educated
84%
High-School Grad
5.1 sq mi
ZIP Area
3,717
Density / Sq Mi
$34,807
Median Household Income
$36,625
Median Earnings
$818
Median Rent
$120,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Commercial land - Multi-parcel land assemblage with zoning diversity near major Detroit transportation routes.
Where is this commercial land located?
The property is located at 11400 E Jefferson Ave Detroit, MI.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 4.54‑acre multi‑parcel commercial land portfolio; Zoning diversity across the assemblage; Potential for retail and service center development
