Commercial Space on Harper
13127 HARPER Avenue Detroit, MI 48213
For Sale
$180,000
Versatile commercial space suitable for various business types.
Property Size3,200 SF
Lot Size0.09 Acres
Price / SF$56.25
Days on Market666
Property Features for 13127 HARPER Avenue
General Information
Standard status
Active
Size
3,200 SF
Lot size
0.09 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1951
Listing Agency:
EXP Realty Main
(888) 501-7085
Listed By:
Kestiny Todd · License #6501368235
(888) 501-7085
Source:
Exitrealty
Added: Oct 3, 2024
Changed: Jul 6
Last Checked: Jul 29 at 7:30AM
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.
This commercial space, encompassing 3,200 square feet, presents an opportunity for establishing a new business or expanding an existing one. The property is suitable for private beauty studios, recording studios, car washes, or general office space. Showings are available by appointment.
Key Highlights
- Versatile commercial space suitable for various businesses.
- Ideal location for private beauty studios.
- Suitable for a recording studio.
Financial Insights For Industrial
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 | $23.4k | $7.32 |
| − Vacancy | −$1.2k | −$0.37 |
| EGI | $22.2k | $6.95 |
| − OpEx | −$6.7k | −$2.08 |
| NOI | $15.6k | $4.86 |
3,200 SF · lease $7.32/SF/yr · vacancy 5.08% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$603.3K
$527.9K – $703.8K
NOI $42,229 @ 7.0% cap · market cap 23.46%
Second Best
Retail
$563.1K
$492.7K – $656.9K
NOI $39,414 @ 7.0% cap · market cap 21.90%
Theoretical Best
Office A
$705.9K
$617.7K – $823.6K
NOI $49,415 @ 7.0% cap · market cap 27.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Everybody Eatz, Inc — 11820 Maiden St, Detroit, MI 48213
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial space suitable for various business types.
Where is this flex space located?
The property is located at 13127 HARPER Avenue Detroit, MI.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Versatile commercial space suitable for various businesses.; Ideal location for private beauty studios.; Suitable for a recording studio.
