Flexible Retail and Logistics
For Sale
Contact for pricing
8830 TELEGRAPH RD, Taylor, MI 48180
Large multi-use facility for retail or logistics, with central air, restrooms, an office center, and extensive parking.
Property Size18,009 SF
Price / SF$107.45
Days on Market903
Property Features for 8830 TELEGRAPH RD
General Information
Standard status
Active
Size
18,009 SF
Property subtype
Retail
Net Operating Income
$170,000
Building Details
Year Built
1953
Listing Agency:
Remax Team 2000
(313) 561-0900
Listed By:
Victor Fawaz · License #MI 6501298881
Source:
Crexi
Added: Feb 20, 2024
Changed: Aug 8
Last Checked: Aug 11 at 10:33AM
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 Remax Team 2000
Investment Insights
Based on property information with market context.
This offering presents a sprawling, approximately 18,009-square-foot building configured to support multiple commercial uses, including retail concepts and logistics-style operations. The space includes an office center designed to monitor and run day-to-day activity, along with restrooms and central air for climate-controlled comfort. On-site amenities support continuous operations and tenant workflow within the main interior space.
The property is located at 8830 Telegraph Rd in Taylor, Michigan. Vehicular access is supported by a large parking lot on the side and additional parking toward the back of the property, providing room for customer or staff parking and practical staging needs. With frontage on Telegraph Rd, the location can support businesses seeking drive-up access and straightforward arrival and departure patterns for vehicles.
For prospective tenants or buyers, the facility’s combination of a sizable open interior, dedicated office space, central air, and restrooms can fit a range of commercial requirements where both a working office and functional operating space matter. The seller will consider offers and is open to questions about suitability for specific retail, logistics, or other commercial business plans.
The property is located at 8830 Telegraph Rd in Taylor, Michigan. Vehicular access is supported by a large parking lot on the side and additional parking toward the back of the property, providing room for customer or staff parking and practical staging needs. With frontage on Telegraph Rd, the location can support businesses seeking drive-up access and straightforward arrival and departure patterns for vehicles.
For prospective tenants or buyers, the facility’s combination of a sizable open interior, dedicated office space, central air, and restrooms can fit a range of commercial requirements where both a working office and functional operating space matter. The seller will consider offers and is open to questions about suitability for specific retail, logistics, or other commercial business plans.
Key Highlights
- 1953‑built, large multi‑use facility with approximately 18,000 SF for retail or logistics
- Central air, restrooms, and an office center to monitor and run your business
- Extensive on‑site parking, including a large parking lot on the side and additional parking in the back
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
$170,639
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
8.82%
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%
$3,412,780
$3.4M
Cap Rate 7%
$2,437,700
$2.4M
Cap Rate 9%
$1,895,989
$1.9M
Market Conditions
NOI Build-Up for 18,009 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
$259.3K $14.40/SF
− Vacancy
−$15.6K −$0.86/SF
EGI
$243.8K $13.54/SF
− OpEx
−$73.1K −$4.06/SF
NOI
$170.6K $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%
$3,412,780
Cap Rate 7%
$2,437,700
Cap Rate 9%
$1,895,989
Alternative Uses
Best Use
Specialty Retail
$3.33M
$2.92M – $3.89M
NOI $233,397 @ 7.0% cap · market cap 12.06%
Second Best
Retail
$2.44M
$2.13M – $2.84M
NOI $170,639 @ 7.0% cap · market cap 8.82%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
346
Businesses Nearby
410k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 43%
Dining 28%
Groceries 25%
Home Improvements & Furnishings 2%
Meijer
Groceries
100,817 visits/mo
0.4 miles
Hobby Lobby
Shops & Services
35,387 visits/mo
0.4 miles
McDonald's
Dining
27,835 visits/mo
0.4 miles
Dollar Tree
Shops & Services
27,124 visits/mo
0.4 miles
Panera Bread
Dining
25,707 visits/mo
0.5 miles
Demographics for 48180, MI
63,409
Population
26,741
Households
2.4
Avg Household Size
39
Median Age
16%
College-Educated
87%
High-School Grad
23.6 sq mi
ZIP Area
2,687
Density / Sq Mi
$59,537
Median Household Income
$40,090
Median Earnings
$1,036
Median Rent
$141,200
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?
Retail space - Large multi-use facility for retail or logistics, with central air, restrooms, an office center, and extensive parking.
Where is this retail space located?
The property is located at 8830 TELEGRAPH RD Taylor, MI.
What is the asking price?
The asking price for this property is $1,935,000.
What are key features of this property?
This property features: 1953‑built, large multi‑use facility with approximately 18,000 SF for retail or logistics; Central air, restrooms, and an office center to monitor and run your business; Extensive on‑site parking, including a large parking lot on the side and additional parking in the back
