Retail Space on Fort
For Sale
Contact for pricing
14750 Fort St, Southgate, MI 48195
Move-in-ready retail space with high visibility and dedicated parking.
Property Size4,000 SF
Price / SF$123.50
Days on Market268
Property Features for 14750 Fort St
General Information
Standard status
Active
Size
4,000 SF
Total Parking Spaces
20
Property subtype
Retail
Zoning
C-2, General Business
Building Details
Year Built
1972
Year Renovated
2020
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
KJ Commercial
(248) 851-8900
Listed By:
Kevin Jappaya, CCIM · License #MI 6501391831
Source:
Crexi
Added: Nov 26, 2025
Changed: Aug 20
Last Checked: Aug 19 at 9:59PM
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 KJ Commercial
Investment Insights
Based on property information with market context.
This 4,000-square-foot retail space is currently operating as a smoke shop. The property features custom artistic epoxy flooring and paint throughout. It is in move-in-ready condition and includes a digital pylon sign and dedicated on-site parking. The property benefits from exceptional visibility, with over 37,000 daily motorists on heavily traveled Fort Street. Located on the west side of Fort Street, just north of Eureka Road, the area has strong demographics, with over 202,000 people within a five-mile radius.
Key Highlights
- Exceptional visibility to 37K+ daily motorists on heavily traveled Fort Street
- Strong demographics with 202K+ people within a five‑mile radius
- Dedicated on‑site parking
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
$37,901
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
7.67%
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%
$758,020
$758.0K
Cap Rate 7%
$541,443
$541.4K
Cap Rate 9%
$421,122
$421.1K
Market Conditions
NOI Build-Up for 4,000 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
$57.6K $14.40/SF
− Vacancy
−$3.5K −$0.86/SF
EGI
$54.1K $13.54/SF
− OpEx
−$16.2K −$4.06/SF
NOI
$37.9K $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%
$758,020
Cap Rate 7%
$541,443
Cap Rate 9%
$421,122
Alternative Uses
Best Use
Retail
$541.4K
$473.8K – $631.7K
NOI $37,901 @ 7.0% cap · market cap 7.67%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$740.6K
$648.0K – $864.0K
NOI $51,840 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
604
Businesses Nearby
71k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 34%
Shops & Services 30%
Dining 27%
Electronics 8%
Aldi
Groceries
23,867 visits/mo
0.1 miles
Citgo
Shops & Services
12,883 visits/mo
0.2 miles
KFC
Dining
6,562 visits/mo
0.2 miles
BIGGBY COFFEE
Dining
5,180 visits/mo
0.1 miles
Citizens Bank
Shops & Services
4,440 visits/mo
Demographics for 48195, MI
30,014
Population
13,033
Households
2.3
Avg Household Size
42
Median Age
21%
College-Educated
89%
High-School Grad
6.9 sq mi
ZIP Area
4,350
Density / Sq Mi
$64,635
Median Household Income
$43,368
Median Earnings
$1,102
Median Rent
$165,400
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 - Move-in-ready retail space with high visibility and dedicated parking.
Where is this retail space located?
The property is located at 14750 Fort St Southgate, MI.
What is the asking price?
The asking price for this property is $494,000.
What are key features of this property?
This property features: Exceptional visibility to 37K+ daily motorists on heavily traveled Fort Street; Strong demographics with 202K+ people within a five‑mile radius; Dedicated on‑site parking
