Updated Flex Space with Display
For Sale
$200,000
16914 E 9 Mile Rd, Eastpointe, MI 48021
Commercial/Office zoning and an open layout provide adaptable business space.
Property Size2,908 SF
Price / SF$68.78
Days on Market40
Property Features for 16914 E 9 Mile Rd
General Information
Standard status
Active
Size
2,908 SF
Zoning
Commercial/Office
Additional Details
Road Access
Yes
Amenities
updated lighting
multiple finished areas
clean modern restrooms
utility/service rooms
central air
forced heat
oversized display windows
sidewalks
outside lighting
Building Details
Year Built
1945
Buildings
1
Stories
1
Construction
brick/block
Listing Agency:
EXP Realty Main
(313) 600-6189
Listed By:
Fadi Dabaja · License #6506045188
Source:
Katie-k
Added: Jul 21
Changed: Aug 29
Last Checked: Aug 25 at 4:57AM
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 EXP Realty Main
Investment Insights
Based on property information with market context.
Located at 16914 E 9 Mile Road in Eastpointe, this one-story brick and block flex property offers almost 3,000 sq ft of commercial space. The interior is arranged around a broad open area with several finished sections, updated lighting, modern restrooms, utility and service rooms, central air, and forced heat. Oversized display windows extend along the frontage and provide prominent exterior presentation opportunities.
The property carries Commercial, Office zoning and was built in 1945. Paved access, sidewalks, exterior lighting, and on-site or nearby parking options support day-to-day operations. Its configuration can accommodate a range of business formats, including retail, showroom, office, fitness, medical or service-oriented uses identified in the property information.
The property carries Commercial, Office zoning and was built in 1945. Paved access, sidewalks, exterior lighting, and on-site or nearby parking options support day-to-day operations. Its configuration can accommodate a range of business formats, including retail, showroom, office, fitness, medical or service-oriented uses identified in the property information.
Key Highlights
- Almost 3,000 sq ft in a one‑story brick/block commercial building
- Commercial, Office zoning
- Open interior plan with multiple finished areas
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
$15,680
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
7.84%
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%
$313,600
$313.6K
Cap Rate 7%
$224,000
$224.0K
Cap Rate 9%
$174,222
$174.2K
Market Conditions
NOI Build-Up for 2,908 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
$23.7K $8.16/SF
− Vacancy
−$1.3K −$0.46/SF
EGI
$22.4K $7.70/SF
− OpEx
−$6.7K −$2.31/SF
NOI
$15.7K $5.39/SF
Area
Macomb County, MI
Vacancy
5.60%
Lease Rate
$8.16 /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%
$313,600
Cap Rate 7%
$224,000
Cap Rate 9%
$174,222
Alternative Uses
Best Use
Flex RnD
$471.8K
$412.9K – $550.5K
NOI $33,028 @ 7.0% cap · market cap 16.51%
Second Best
Retail
$307.1K
$268.7K – $358.3K
NOI $21,496 @ 7.0% cap · market cap 10.75%
Theoretical Best
Specialty Retail
$544.4K
$476.4K – $635.2K
NOI $38,110 @ 7.0% cap · market cap 19.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
557
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48021, MI
34,244
Population
14,124
Households
2.4
Avg Household Size
37
Median Age
15%
College-Educated
89%
High-School Grad
5.1 sq mi
ZIP Area
6,715
Density / Sq Mi
$58,196
Median Household Income
$35,836
Median Earnings
$1,335
Median Rent
$129,100
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- S&J Catering — 17844 E 9 Mile Rd, Eastpointe, MI 48021
- Made In Michigan Catering — 15561 N Park Ave, Eastpointe, MI 48021
- BOB'S BBQ & CATERING — 15852 Semrau Ave, Eastpointe, MI 48021
- Brittany's Bitch'n Kitchen LLC — 23715 Schroeder Ave, Eastpointe, MI 48021
Frequently Asked Questions
What type of property is this?
Flex space - Commercial/Office zoning and an open layout provide adaptable business space.
Where is this flex space located?
The property is located at 16914 E 9 Mile Rd Eastpointe, MI.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Almost 3,000 sq ft in a one‑story brick/block commercial building; Commercial, Office zoning; Open interior plan with multiple finished areas
