Professional Office
For Sale
$4,990,000
20600 Eureka Rd, Taylor, MI 48180
Multi-parcel business center with available office suites and electronic signage, just off I-75 at Eureka Road.
Property Size104,611 SF
Days on Market189
Property Features for 20600 Eureka Rd
General Information
Standard status
Active
Size
104,611 SF
Class
B
Property subtype
Multi Tenant Office
Building Details
Building Size
104,611 SF
Listing Agency:
Farbman Group
(734) 250-7434
Listed By:
John Hardwood
(734) 250-7434
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 21
Last Checked: Jul 23 at 8:46AM
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 Farbman Group
Investment Insights
Based on property information with market context.
Horizon Business Center West is a prominent downriver professional office property offered for sale, comprised of multiple parcels. The center features electronic signage and provides suite-level space with a conference area available. Daily janitorial service is also listed, with various office suites ranging from 600 to 5,000 square feet.
The property is located directly off the I-75 exit at Eureka Road and is described as visible for miles in all directions. It is just minutes from downtown Detroit and Metro Airport. Nearby dining and shopping are noted, including Outback Steakhouse, Twin Peaks, Panera Bread, Qdoba, Southland Center, Walmart, T.J. Maxx, The Home Depot, and Target.
The property is located directly off the I-75 exit at Eureka Road and is described as visible for miles in all directions. It is just minutes from downtown Detroit and Metro Airport. Nearby dining and shopping are noted, including Outback Steakhouse, Twin Peaks, Panera Bread, Qdoba, Southland Center, Walmart, T.J. Maxx, The Home Depot, and Target.
Key Highlights
- Horizon Business Center West for sale at I‑75 and Eureka Rd, just off the I‑75 exit
- Electronic signage available
- Available office suites range from 600 to 5,000 SF
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
$360,123
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
7.22%
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%
$7,202,460
$7.2M
Cap Rate 7%
$5,144,614
$5.1M
Cap Rate 9%
$4,001,367
$4.0M
Market Conditions
NOI Build-Up for 104,611 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
$627.7K $6.00/SF
− Vacancy
−$147.5K −$1.41/SF
EGI
$480.2K $4.59/SF
− OpEx
−$120.0K −$1.15/SF
NOI
$360.1K $3.44/SF
Area
Wayne County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
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%
$7,202,460
Cap Rate 7%
$5,144,614
Cap Rate 9%
$4,001,367
Alternative Uses
Best Use
Office B
$5.14M
$4.50M – $6.00M
NOI $360,123 @ 7.0% cap · market cap 7.22%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$19.37M
$16.95M – $22.60M
NOI $1,355,759 @ 7.0% cap · market cap 27.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
390
Businesses Nearby
Explore this area
Business Placement
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 Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Multi-parcel business center with available office suites and electronic signage, just off I-75 at Eureka Road.
Where is this office building located?
The property is located at 20600 Eureka Rd Taylor, MI.
What is the asking price?
The asking price for this property is $4,990,000.
What are key features of this property?
This property features: Horizon Business Center West for sale at I‑75 and Eureka Rd, just off the I‑75 exit; Electronic signage available; Available office suites range from 600 to 5,000 SF
