Automotive Commercial
New
For Sale
$499,900
17245 Telegraph Rd, Detroit, MI 48219
Commercial building supporting car rental and wholesale auto dealership uses on Telegraph Road.
Property Size1,930 SF
Price / SF$259.02
Days on Market4
Property Features for 17245 Telegraph Rd
General Information
Standard status
Active
Size
1,930 SF
Additional Details
Road Access
Yes
Amenities
billboard
Building Details
Year Built
1964
Buildings
1
Listing Agency:
UBTEO
(313) 561-0900
Listed By:
Ali M Farhat · License #6505432920
Source:
Katie-k
Added: Aug 26
Changed: Aug 28
Last Checked: Aug 29 at 12:00PM
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 UBTEO
Investment Insights
Based on property information with market context.
This commercial building is positioned for automotive operations, with source information identifying car rental and wholesale auto dealership uses. The property is located on Telegraph Road in Detroit and is described as having high traffic exposure.
A billboard contract is included with the sale, providing an additional income component without stating the contract amount. The site is also described as having a large lot and strong visibility from Telegraph Road.
A billboard contract is included with the sale, providing an additional income component without stating the contract amount. The site is also described as having a large lot and strong visibility from Telegraph Road.
Key Highlights
- Car rental and wholesale auto dealership uses identified
- Located on Telegraph Road in Detroit, MI 48219
- Billboard contract included with the sale
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
$23,772
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
4.76%
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%
$475,440
$475.4K
Cap Rate 7%
$339,600
$339.6K
Cap Rate 9%
$264,133
$264.1K
Market Conditions
NOI Build-Up for 1,930 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
$35.9K $18.60/SF
− Vacancy
−$1.9K −$1.00/SF
EGI
$34.0K $17.60/SF
− OpEx
−$10.2K −$5.28/SF
NOI
$23.8K $12.32/SF
Area
ZIP 48219
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%
$475,440
Cap Rate 7%
$339,600
Cap Rate 9%
$264,133
Alternative Uses
Best Use
Retail
$339.6K
$297.2K – $396.2K
NOI $23,772 @ 7.0% cap · market cap 4.76%
Second Best
Industrial
$161.8K
$141.6K – $188.8K
NOI $11,326 @ 7.0% cap · market cap 2.27%
Theoretical Best
Office A
$396.4K
$346.9K – $462.5K
NOI $27,749 @ 7.0% cap · market cap 5.55%
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
297
Businesses Nearby
16k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Sunoco
Shops & Services
6,699 visits/mo
0.4 miles
Marathon
Shops & Services
5,396 visits/mo
0.3 miles
Mobil
Shops & Services
3,768 visits/mo
0.2 miles
Demographics for 48219, MI
46,811
Population
20,815
Households
2.2
Avg Household Size
37
Median Age
13%
College-Educated
87%
High-School Grad
8.4 sq mi
ZIP Area
5,573
Density / Sq Mi
$43,882
Median Household Income
$31,187
Median Earnings
$1,037
Median Rent
$84,500
Median Home Value
Market
Vacancy Rate% for Retail in Detroit, MI
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Rent A Jalopy — 17245 telegraph rd, detroit, mi 48219
- Eighty seven enterprises LLC — 18507 Brady suite 101, Redford Charter Twp, MI 48240
- Best Value Hardware & Rental — 24313 Grand River Ave, Detroit, MI 48219
- U-Haul Neighborhood Dealer — 24313 Grand River Ave, Detroit, MI 48219
Frequently Asked Questions
What type of property is this?
Automotive property - Commercial building supporting car rental and wholesale auto dealership uses on Telegraph Road.
Where is this automotive property located?
The property is located at 17245 Telegraph Rd Detroit, MI.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Car rental and wholesale auto dealership uses identified; Located on Telegraph Road in Detroit, MI 48219; Billboard contract included with the sale
