16600 HAMILTON Avenue Highland Park, MI 48203
Four-unit commercial plaza in high-traffic location, ideal for investors.
- Added:
- May 4, 2025
- Days on Market:
- 437
- Last Refresh:
- May 29 at 12:46 am
Property Features for 16600 HAMILTON Avenue
General Information
- Standard status
- Active
- Size
- 6,655 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2001
Listing office EXP Realty Main (248) 617-7777
Listing date May 4, 2025
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 EXP Realty Main
Investment Insights
Based on property information with market context.
Key Highlights
- High‑traffic location with excellent visibility and easy access to I‑75 and Davison Freeway
- Fully vacant, offering immediate occupancy and flexibility
- Four‑unit commercial plaza with a large 3,655 sq ft unit and three approximately 1,000 sq ft units
Local Financial Insights For Retail
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 | $95.8k | $14.40 |
| − Vacancy | −$5.7k | −$0.86 |
| EGI | $90.1k | $13.54 |
| − OpEx | −$27.0k | −$4.06 |
| NOI | $63.1k | $9.48 |
