Freestanding Storefront
For Sale
$995,000
19400 Northline Road, Southgate, MI 48195
Retail building with on-site parking, prominent signage potential, and direct access from I-75.
Property Size6,917 SF
Days on Market185
Property Features for 19400 Northline Road
General Information
Standard status
Active
Size
6,917 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Highway Access
Yes
Building Details
Building Size
6,917 SF
Year Built
1970
Listing Agency:
RE/MAX Team 2000
Listed By:
Yousef Beydoun · License #6501354088
(313) 561-0900
Source:
Homesforsaleinmich
Added: Mar 3
Changed: Sep 4
Last Checked: Sep 2 at 3:56AM
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 Team 2000
Investment Insights
Based on property information with market context.
This freestanding storefront property is positioned at the intersection of Allen Road and Northline Road in Southgate, Michigan. The building contains 6,558 SF of retail space and is supported by on-site parking and an opportunity for prominent signage.
The property sits directly off I-75, providing access to a regional transportation corridor. Its location at the Allen Road and Northline Road intersection places the storefront within Southgate’s Downriver South submarket.
The property sits directly off I-75, providing access to a regional transportation corridor. Its location at the Allen Road and Northline Road intersection places the storefront within Southgate’s Downriver South submarket.
Key Highlights
- 6,558 SF freestanding retail property
- Located at Allen Road and Northline Road
- Directly off Interstate‑75
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
$65,540
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
6.59%
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%
$1,310,800
$1.3M
Cap Rate 7%
$936,286
$936.3K
Cap Rate 9%
$728,222
$728.2K
Market Conditions
NOI Build-Up for 6,917 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
$99.6K $14.40/SF
− Vacancy
−$6.0K −$0.86/SF
EGI
$93.6K $13.54/SF
− OpEx
−$28.1K −$4.06/SF
NOI
$65.5K $9.48/SF
Area
Wayne County, MI
Vacancy
6.00%
Lease Rate
$14.40 /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%
$1,310,800
Cap Rate 7%
$936,286
Cap Rate 9%
$728,222
Alternative Uses
Best Use
Retail
$936.3K
$819.3K – $1.09M
NOI $65,540 @ 7.0% cap · market cap 6.59%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.28M
$1.12M – $1.49M
NOI $89,644 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
711
Businesses Nearby
97k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 58%
Shops & Services 34%
Hotels & Casinos 7%
Home Improvements & Furnishings 1%
McDonald's
Dining
26,477 visits/mo
0.2 miles
Sunoco
Shops & Services
18,815 visits/mo
0.2 miles
Taco Bell
Dining
10,816 visits/mo
0.1 miles
Wendy's
Dining
9,647 visits/mo
0.1 miles
Burger King
Dining
9,192 visits/mo
0.0 miles
Demographics for 48195, MI
30,014
Population
13,033
Households
2.3
Avg Household Size
42
Median Age
21%
College-Educated
89%
High-School Grad
6.9 sq mi
ZIP Area
4,350
Density / Sq Mi
$64,635
Median Household Income
$43,368
Median Earnings
$1,102
Median Rent
$165,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- US Orchids — 20179 Northline Rd, Taylor, MI 48180
- Sam's Club Floral — 15700 Northline Rd, Southgate, MI 48195
Frequently Asked Questions
What type of property is this?
Storefront property - Retail building with on-site parking, prominent signage potential, and direct access from I-75.
Where is this storefront property located?
The property is located at 19400 Northline Road Southgate, MI.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 6,558 SF freestanding retail property; Located at Allen Road and Northline Road; Directly off Interstate‑75
