32940 CHERRY HILL Road Garden City, MI 48135
Commercial building suitable for business, medical office, or retail.
- Added:
- Dec 4, 2024
- Days on Market:
- 584
- Last Refresh:
- May 20 at 12:01 am
Property Features for 32940 CHERRY HILL Road
General Information
- Standard status
- Active
- Size
- 1,848 SF
- Lot size
- 0.10 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1959
Listing office Sonic Realty LLC (313) 888-7653
Listing date Dec 4, 2024
Source Exitrealty
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 Sonic Realty LLC
Investment Insights
Based on property information with market context.
Key Highlights
- Commercial building zoned for business, offering potential for medical office, retail space, and more
- 10 dedicated parking spaces
- Restroom included
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.0k | $20.04 |
| − Vacancy | −$4.6k | −$2.49 |
| EGI | $32.4k | $17.55 |
| − OpEx | −$13.0k | −$7.02 |
| NOI | $19.5k | $10.53 |
Alternative Uses
Property Analytics
Current Use by Public Records
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