Redford Commercial Building with
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15116 Beech Daly Road, Redford, MI 48239
Well-maintained commercial building with flexible office and storage space.
Property Size2,680 SF
Price / SF$78.36
Days on Market396
Property Features for 15116 Beech Daly Road
General Information
Standard status
Active
Size
2,680 SF
Property subtype
Special Purpose
Zoning
C2
Building Details
Year Built
1951
Year Renovated
2024
Listing Agency:
RE/MAX Leading Edge
Listed By:
Erika Hernandez · License #65010439294
Source:
Crexi
Added: Jul 22, 2025
Changed: Aug 8
Last Checked: Aug 8 at 6:32AM
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 RE/MAX Leading Edge
Investment Insights
Based on property information with market context.
Located in downtown Redford, 15116 Beech Daly is a well-maintained commercial building. The property offers a flexible mix of office and storage space, along with ample parking. Recent updates include fresh paint and new flooring throughout. The warehouse space features polished concrete floors and an overhead door with man-door access. The roof has been recently coated as preventative maintenance. A newer hot water heater is also included. The building is ideal for a variety of business uses and offers quick occupancy. The property is zoned C2. The building has a total size of 2680 square feet.
Key Highlights
- Appraisal at $239,000 (September 2025) provides instant equity.
- Flexible mix of office and storage space suitable for various business uses.
- Ample parking available.
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
$19,097
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
9.09%
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%
$381,940
$381.9K
Cap Rate 7%
$272,814
$272.8K
Cap Rate 9%
$212,189
$212.2K
Market Conditions
NOI Build-Up for 2,680 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
$23.5K $8.76/SF
− Vacancy
−$1.0K −$0.38/SF
EGI
$22.5K $8.38/SF
− OpEx
−$3.4K −$1.26/SF
NOI
$19.1K $7.13/SF
Area
Detroit, MI
Vacancy
4.30%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
15.00%
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%
$381,940
Cap Rate 7%
$272,814
Cap Rate 9%
$212,189
Alternative Uses
Best Use
Office B
$387.9K
$339.4K – $452.5K
NOI $27,151 @ 7.0% cap · market cap 12.93%
Second Best
Warehouse
$272.8K
$238.7K – $318.3K
NOI $19,097 @ 7.0% cap · market cap 9.09%
Theoretical Best
Office A
$591.2K
$517.3K – $689.8K
NOI $41,385 @ 7.0% cap · market cap 19.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
457
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48239, MI
36,814
Population
14,869
Households
2.5
Avg Household Size
40
Median Age
23%
College-Educated
93%
High-School Grad
9.5 sq mi
ZIP Area
3,875
Density / Sq Mi
$69,373
Median Household Income
$41,113
Median Earnings
$1,355
Median Rent
$145,900
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?
Warehouse - Well-maintained commercial building with flexible office and storage space.
Where is this warehouse located?
The property is located at 15116 Beech Daly Road Redford, MI.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Appraisal at $239,000 (September 2025) provides instant equity.; Flexible mix of office and storage space suitable for various business uses.; Ample parking available.
