Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Vacant Commercial Lot with Open Space Title is generated by Realmo AI

    8400 PELHAM Rd, Taylor, MI 48180

    View on Map
    Claim this Listing
    New
    For Sale
    $234,900

    Vacant lot with recently updated systems and an open interior that can be configured for multiple units.

    Type:Commercial
    Lot size:
    0.23 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 5:31 am

    Property Features for 8400 PELHAM Rd

    General Information

    Standard status
    Active
    Lot size
    0.23 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1958

    We can help!

    Listing Contact
    Ray Alsaghir

    Listing agent Ray Alsaghir License #6501373949

    Listing office

    Listing date Jun 3, 2026

    Source Elliman

    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 Ray Alsaghir

    HighLights

    • Vacant lot sized 76 x 131 ft on Pelham Road, with recent updates
    • Over 3,500 sq ft interior space that is open and can be split into multiple units
    • Recent improvements include new flat roof, new HVAC, new plumbing, and new electric panel
    • Includes updated fixtures and an easy showing for the vacant building
    • Commercial Business District building approval required per City of Taylor requirements; City plans are already approved

    Overview

    This property is a vacant commercial lot measuring 76 by 131 feet, offered with an open layout that can also be split into multiple units. Recent updates include a new flat roof, new HVAC, new plumbing, and an updated electric panel with new fixtures. The building is vacant and available for easy showings.

    The site is located on Pelham Road in Taylor, Michigan, with street exposure noted in the marketing materials. Development plans are stated as already approved through the City of Taylor, subject to City of Taylor requirements for Commercial Business District building approval.

    For tenants, operators, or buyers looking for a flexible setup, the open configuration supports a range of commercial uses that benefit from straightforward interior planning. The recent building system upgrades can reduce near-term capital needs associated with roof, mechanical, plumbing, and electrical work, while the option to divide into separate units may support multiple business profiles under one ownership structure.
    Location Intelligence

    Current Use by Public Records

    Garg M.D., P.C. Pediatrician Dr. Vimla Garg ... Pediatrician Dr. Kamal K ... Pediatrician Vimla & Kamal Garg ... Pediatrician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Storage Fred — 7503 hipp st, taylor, mi 48180
    • Access - Scanning, Records Storage, and Document Management — 21146 Trolley Industrial Dr, Taylor, MI 48180
    • Metro International Trade — 21146 Trolley Industrial Dr, Taylor, MI 48180
    • Ryder — 21500 Trolley Industrial Dr, Taylor, MI 48180

    Location Insight

    • Map
    • Local Demand
    City
    Taylor
    County
    Wayne
    State
    Michigan
    Longitude
    -83.231197
    Latitude
    42.2466567

    Nearby Similar for Sale

    • $650,000
      5,368 SF

      Medical Office Building with Separate Entrance

      Configured for medical or wellness use with exam-ready rooms, multiple offices, and a separate lower-level entrance.
      24825 Eureka Road, Taylor, MI 48180
      View Details
    • $1,350,000
      11,140 SF

      Taylor, MI Office/Retail Building

      Versatile office and retail space in high-traffic area.
      23944 Eureka Road, Taylor, MI 48180
      View Details
    • $1,000,000

      Prime Land Opportunity in Taylor

      26.14 acres of land suitable for various development projects.
      Wick Road, Taylor, MI 48180
      View Details
    • $469,000
      6,745 SF

      Commercial Property with Kitchen Infrastructure

      Commercial property in Taylor, MI, featuring kitchen infrastructure.
      25621 ECORSE Road, Taylor, MI 48180
      View Details
    • $350,000
      6,942 SF

      Commercial Property in Taylor, MI

      Spacious commercial property suitable for retail, warehouse, or other uses.
      25595 Van Born Road, Taylor, MI 48180
      View Details
    • $650,000
      2,800 SF

      Profitable Liquor Store & Building

      Established liquor store with building for sale in Taylor, MI.
      11063 TELEGRAPH Road, Taylor, MI 48180
      View Details
    • $275,000
      2,400 SF

      Turnkey Bar and Restaurant Opportunity

      Ready-to-go bar and restaurant with a Class C liquor license.
      5915 Inkster Road, Taylor, MI 48180
      View Details
    • $199,000
      2,160 SF

      Restaurant in Kirklynn Plaza

      Restaurant in a convenient location surrounded by residential development.
      22300 Goddard Road, Taylor, MI 48180
      View Details
    • $224,900
      1,559 SF

      Taylor, MI Commercial Building For Sale

      Commercial building with road frontage, previously a brewery/restaurant.
      21090 Goddard Road, Taylor, MI 48180
      View Details
    • $1,600,000

      Commercial Property Near I-94 Corridor

      2.35-acre commercial property with updated office and spacious warehouse.
      6252 Monroe Blvd, Taylor, MI 48180
      View Details
    • $469,000

      Ecorse Rd Commercial Kitchen Opportunity

      Commercial kitchen infrastructure, blank canvas for new business or redevelopment.
      25621 ECORSE Rd, Taylor, MI 48180
      View Details
    • $650,000

      Medical Office with Separate Entrance

      Flexible medical and wellness layout includes private exam and office rooms, plus a lower-level space with its own entrance.
      24825 Eureka Rd, Taylor, MI 48180
      View Details

    FAQs

    What type of property is this?
    Warehouse - Vacant lot with recently updated systems and an open interior that can be configured for multiple units.
    Where is this warehouse located?
    The property is located at 8400 PELHAM Rd Taylor, MI.
    What is the asking price?
    The asking price for this property is $234,900.
    What are key features of this property?
    This property features: Vacant lot sized 76 x 131 ft on Pelham Road, with recent updates; Over 3,500 sq ft interior space that is open and can be split into multiple units; Recent improvements include new flat roof, new HVAC, new plumbing, and new electric panel
    (313) 561-0900
    We can help!
    Listing Contact
    Ray Alsaghir
    Real Estate License ID: 6501373949
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8400 PELHAM Rd, Taylor, MI 48180
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!