Fully Leased Detroit New
For Sale
Contact for pricing
12730 W 7 Mile Rd, Detroit, MI 48235
Turnkey investment opportunity in Detroit's growing real estate market.
Property Size3,563 SF
Price / SF$261.02
Days on Market1173
Property Features for 12730 W 7 Mile Rd
General Information
Standard status
Active
Size
3,563 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Net Operating Income
$76,775
Site & Location
Neighborhood
Winship
Building Details
Units
3
Tenancy
Multi
Listing Agency:
Keystone Commercial Real Estate
Listed By:
Kathleen Garmo · License #6501415998
(248) 406-1761
Source:
Crexi
Added: Aug 8, 2023
Changed: Oct 7
Last Checked: Oct 23 at 3:23AM
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 Keystone Commercial Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 12730 West 7 Mile Road in Detroit, MI, this fully leased new development offers a total of 3,563 square feet of space. The property's modern and stylish design is intended to attract a wide range of businesses, with a versatile layout that can accommodate various industries, from retail to office space. The property benefits from a convenient location near major highways and popular amenities, offering accessibility and convenience for both tenants and customers. The fully leased tenant roster provides steady cash flow from day one, making it a turnkey investment.
Key Highlights
- Fully Leased: Provides immediate and steady cash flow.
- New Development: Features modern design and construction.
- Prime Location: Situated on West 7 Mile Road in Detroit, offering accessibility and convenience.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,493
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$629,860
$629.9K
Cap Rate 7%
$449,900
$449.9K
Cap Rate 9%
$349,922
$349.9K
Market Conditions
NOI Build-Up for 3,563 SF
Gross rent
$49.2K $13.80/SF
− Vacancy
−$4.2K −$1.17/SF
EGI
$45.0K $12.63/SF
− OpEx
−$13.5K −$3.79/SF
NOI
$31.5K $8.84/SF
Area
ZIP 48235
Vacancy
8.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$629,860
Cap Rate 7%
$449,900
Cap Rate 9%
$349,922
Alternative Uses
Best Use
Retail
$449.9K
$393.7K – $524.9K
NOI $31,493 @ 7.0% cap · market cap 3.39%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$505.1K
$441.9K – $589.2K
NOI $35,354 @ 7.0% cap · market cap 3.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
713
Businesses Nearby
37k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Shops & Services 47%
Electronics 4%
Wendy's
Dining
18,328 visits/mo
0.5 miles
BP
Shops & Services
11,900 visits/mo
0.4 miles
AutoZone
Shops & Services
5,282 visits/mo
0.4 miles
Metro by T-Mobile
Electronics
669 visits/mo
0.4 miles
Metro by T-Mobile
Electronics
628 visits/mo
0.4 miles
Demographics for 48235, MI
45,188
Population
20,946
Households
2.2
Avg Household Size
39
Median Age
15%
College-Educated
91%
High-School Grad
6.2 sq mi
ZIP Area
7,288
Density / Sq Mi
$41,011
Median Household Income
$31,545
Median Earnings
$1,151
Median Rent
$79,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Detroit, MI
Frequently Asked Questions
What type of property is this?
Retail space - Turnkey investment opportunity in Detroit's growing real estate market.
Where is this retail space located?
The property is located at 12730 W 7 Mile Rd Detroit, MI.
What is the asking price?
The asking price for this property is $930,000.
What are key features of this property?
This property features: Fully Leased: Provides immediate and steady cash flow.; New Development: Features modern design and construction.; Prime Location: Situated on West 7 Mile Road in Detroit, offering accessibility and convenience.
