Detroit Family Dollar Net
For Sale
Contact for pricing
14305 Harper Avenue, Detroit, MI 48213
Single-tenant Family Dollar property with lease until 2027.
Property Size8,000 SF
Lot Size0.35 Acres
Price / SF$152.50
Days on Market282
Property Features for 14305 Harper Avenue
General Information
Standard status
Active
Size
8,000 SF
Lot size
0.35 Acres
Property subtype
Business for Sale
Zoning
B4
Net Operating Income
$112,000
Building Details
Year Built
1937
Stories
1
Listing Agency:
My Realty
Listed By:
Joe Manuel · License #6502433177
Source:
Crexi
Added: Nov 13, 2025
Changed: Aug 14
Last Checked: Aug 21 at 4:56PM
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 My Realty
Investment Insights
Based on property information with market context.
This single-tenant Family Dollar property is located in Detroit, MI. The building underwent renovations in 2015. The property operates under a NNN+ lease with approximately 2.7 years remaining, and includes two 5-year renewal options. The property is located at the corner of Harper Avenue and Chalmers Street, and features multiple points of entry and access. The building encompasses approximately 8,000 square feet and is situated on approximately 0.35 acres. The property is located in a densely populated market, approximately 15 minutes from downtown Detroit, MI.
Key Highlights
- Single‑tenant net lease Family Dollar property in Detroit, MI.
- Located at the hard corner of Harper Avenue & Chalmers Street with multiple points of entry/access.
- Strong dollar store demographics in a densely populated market, 15 minutes from downtown Detroit, MI.
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
$105,574
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
8.65%
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%
$2,111,480
$2.1M
Cap Rate 7%
$1,508,200
$1.5M
Cap Rate 9%
$1,173,044
$1.2M
Market Conditions
NOI Build-Up for 8,000 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
$148.8K $18.60/SF
− Vacancy
−$8.0K −$1.00/SF
EGI
$140.8K $17.60/SF
− OpEx
−$35.2K −$4.40/SF
NOI
$105.6K $13.20/SF
Area
Detroit, MI
Vacancy
5.40%
Lease Rate
$18.60 /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%
$2,111,480
Cap Rate 7%
$1,508,200
Cap Rate 9%
$1,173,044
Alternative Uses
Best Use
Specialty Retail
$1.51M
$1.32M – $1.76M
NOI $105,574 @ 7.0% cap · market cap 8.65%
Second Best
Retail
$1.41M
$1.23M – $1.64M
NOI $98,535 @ 7.0% cap · market cap 8.08%
Theoretical Best
Office A
$1.76M
$1.54M – $2.06M
NOI $123,538 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
264
Businesses Nearby
29k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 58%
Shops & Services 39%
Electronics 3%
Little Caesars Pizza
Dining
8,082 visits/mo
0.1 miles
Marathon
Shops & Services
6,023 visits/mo
0.4 miles
Family Dollar
Shops & Services
5,401 visits/mo
0.0 miles
KFC
Dining
4,812 visits/mo
0.1 miles
Krispy Krunchy Chicken
Dining
3,933 visits/mo
0.4 miles
Demographics for 48213, MI
19,088
Population
11,365
Households
1.7
Avg Household Size
39
Median Age
7%
College-Educated
82%
High-School Grad
6.5 sq mi
ZIP Area
2,937
Density / Sq Mi
$33,755
Median Household Income
$24,765
Median Earnings
$837
Median Rent
$52,100
Median Home Value
Market
Vacancy Rate% for Retail in Detroit, MI
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Single-tenant Family Dollar property with lease until 2027.
Where is this grocery and convenience store located?
The property is located at 14305 Harper Avenue Detroit, MI.
What is the asking price?
The asking price for this property is $1,220,000.
What are key features of this property?
This property features: Single‑tenant net lease Family Dollar property in Detroit, MI.; Located at the **hard corner of Harper Avenue & Chalmers Street** with multiple points of entry/access.; Strong dollar store demographics in a densely populated market, 15 minutes from downtown Detroit, MI.
