Remodeled Hardware
For Sale
Contact for pricing
16325 W WARREN AVE, Detroit, MI 48228
Remodeled storefront with organized inventory and a built-in work space for window and screen repair.
Property Size2,000 SF
Price / SF$239.95
Days on Market508
Property Features for 16325 W WARREN AVE
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Business for Sale, Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Building Details
Year Built
1958
Listing Agency:
Remax 100
Listed By:
Sam Sakka · License #MI
Source:
Crexi
Added: Mar 18, 2025
Changed: Jul 10
Last Checked: Aug 5 at 12:40PM
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 Remax 100
Investment Insights
Based on property information with market context.
This property is a remodeled hardware store storefront currently focused on window and screen replacement or repair. In addition to customer-facing retail space, it includes facility or work space designed to support in-store servicing and related tasks. The store’s inventory is described as very well organized, supporting day-to-day operations.
The location is on high-traffic Warren Avenue, with recently revamped sidewalks and walkways that improve the pedestrian approach. The immediate area includes multiple establishments as well as nearby residential homes. The property is also noted to be close to the Southfield Freeway.
For a purchaser, this setup is well suited to a hardware-focused operator or a business that needs both retail sales and on-site work capability. The existing specialization in window and screen replacement or repair may appeal to buyers seeking a ready-to-operate storefront concept with space for executing the work tied to those sales. All measurements and information are approximate, and the purchaser and purchaser’s agent should verify details during due diligence.
The location is on high-traffic Warren Avenue, with recently revamped sidewalks and walkways that improve the pedestrian approach. The immediate area includes multiple establishments as well as nearby residential homes. The property is also noted to be close to the Southfield Freeway.
For a purchaser, this setup is well suited to a hardware-focused operator or a business that needs both retail sales and on-site work capability. The existing specialization in window and screen replacement or repair may appeal to buyers seeking a ready-to-operate storefront concept with space for executing the work tied to those sales. All measurements and information are approximate, and the purchaser and purchaser’s agent should verify details during due diligence.
Key Highlights
- Hardware store business with a focus on window and screen replacement or repair
- Remodeled storefront with organized inventory
- Built‑in facility/work space for window and screen repair work
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
$24,634
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
5.13%
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%
$492,680
$492.7K
Cap Rate 7%
$351,914
$351.9K
Cap Rate 9%
$273,711
$273.7K
Market Conditions
NOI Build-Up for 2,000 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
$37.2K $18.60/SF
− Vacancy
−$2.0K −$1.00/SF
EGI
$35.2K $17.60/SF
− OpEx
−$10.6K −$5.28/SF
NOI
$24.6K $12.32/SF
Area
ZIP 48228
Vacancy
5.40%
Lease Rate
$18.60 /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%
$492,680
Cap Rate 7%
$351,914
Cap Rate 9%
$273,711
Alternative Uses
Best Use
Retail
$351.9K
$307.9K – $410.6K
NOI $24,634 @ 7.0% cap · market cap 5.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$410.8K
$359.4K – $479.3K
NOI $28,755 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
658
Businesses Nearby
16k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Chase Bank
Shops & Services
10,825 visits/mo
0.5 miles
Citizens Bank
Shops & Services
4,954 visits/mo
0.1 miles
Demographics for 48228, MI
53,893
Population
22,620
Households
2.4
Avg Household Size
31
Median Age
11%
College-Educated
78%
High-School Grad
8.9 sq mi
ZIP Area
6,055
Density / Sq Mi
$31,485
Median Household Income
$27,533
Median Earnings
$1,086
Median Rent
$55,100
Median Home Value
Market
Vacancy Rate% for Retail in Detroit, MI
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Remodeled storefront with organized inventory and a built-in work space for window and screen repair.
Where is this storefront property located?
The property is located at 16325 W WARREN AVE Detroit, MI.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Hardware store business with a focus on window and screen replacement or repair; Remodeled storefront with organized inventory; Built‑in facility/work space for window and screen repair work
