Barrier-Free Senior Care
For Sale
Contact for pricing
15475 Pardee Road, Taylor, MI 48180
Barrier-free facility with reception, waiting, offices, kitchen, and ample on-site parking on a large lot.
Property Size4,126 SF
Price / SF$133.30
Days on Market432
Property Features for 15475 Pardee Road
General Information
Standard status
Active
Size
4,126 SF
Property subtype
Land
Building Details
Year Built
1957
Listing Agency:
Ideal Realty and Management LLC
(313) 377-7525
Listed By:
Agboola Olojo · License #6502433144
Source:
Crexi
Added: Jun 6, 2025
Changed: Aug 8
Last Checked: Aug 11 at 8:14PM
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 Ideal Realty and Management LLC
Investment Insights
Based on property information with market context.
This barrier-free commercial building was formerly used as a 20-bed home and is configured for professional use. Interior features include a reception area, waiting space, and offices, along with a kitchen, four bathrooms, and two restrooms. Additional utility storage closets are also present, supporting day-to-day operations.
The property is offered for sale with excellent visibility and ample on-site parking, situated on a very large lot at 15475 Pardee Road in Taylor, MI 48180. The building is being sold as-is, with the seller noting the property’s suitability for a variety of business uses.
For buyers and tenants looking for a ready-to-work layout that supports guest intake and staff offices, the existing reception and waiting configuration can reduce build-out complexity. The bathroom and restrooms count may also be helpful for healthcare, senior-related services, or office-oriented operations. Cash or mortgage financing is available, and lock box access is provided for easy showing under BATVI terms.
The property is offered for sale with excellent visibility and ample on-site parking, situated on a very large lot at 15475 Pardee Road in Taylor, MI 48180. The building is being sold as-is, with the seller noting the property’s suitability for a variety of business uses.
For buyers and tenants looking for a ready-to-work layout that supports guest intake and staff offices, the existing reception and waiting configuration can reduce build-out complexity. The bathroom and restrooms count may also be helpful for healthcare, senior-related services, or office-oriented operations. Cash or mortgage financing is available, and lock box access is provided for easy showing under BATVI terms.
Key Highlights
- Commercial building built in 1957 with reception, waiting area, offices, kitchen, and storage closets
- Formerly used as a barrier‑free 20‑bed home
- Layout includes offices plus 4 bathrooms and 2 restrooms
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
$37,196
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
6.76%
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%
$743,920
$743.9K
Cap Rate 7%
$531,371
$531.4K
Cap Rate 9%
$413,289
$413.3K
Market Conditions
NOI Build-Up for 4,126 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
$71.8K $17.40/SF
− Vacancy
−$4.2K −$1.01/SF
EGI
$67.6K $16.39/SF
− OpEx
−$30.4K −$7.38/SF
NOI
$37.2K $9.01/SF
Area
Wayne County, MI
Vacancy
5.80%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
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%
$743,920
Cap Rate 7%
$531,371
Cap Rate 9%
$413,289
Alternative Uses
Best Use
Apartment 5plus
$531.4K
$465.0K – $619.9K
NOI $37,196 @ 7.0% cap · market cap 6.76%
Second Best
Office B
$202.9K
$177.6K – $236.7K
NOI $14,204 @ 7.0% cap · market cap 2.58%
Theoretical Best
Specialty Retail
$763.9K
$668.4K – $891.2K
NOI $53,473 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
329
Businesses Nearby
Under-served
Demand for This Use
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.
Similar Off Market Nearby
- Parkside Pioneers — 24730 Eureka Rd, Taylor, MI 48180
Frequently Asked Questions
What type of property is this?
Senior housing / Retirement Home - Barrier-free facility with reception, waiting, offices, kitchen, and ample on-site parking on a large lot.
Where is this senior housing / retirement home located?
The property is located at 15475 Pardee Road Taylor, MI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Commercial building built in 1957 with reception, waiting area, offices, kitchen, and storage closets; Formerly used as a barrier‑free 20‑bed home; Layout includes offices plus 4 bathrooms and 2 restrooms
