Remodeled Retail
For Sale
$1,100,000
1989 N Opdyke Road, Auburn Hills, MI 48326
Vacant commercial suite with new flooring, fresh paint, parking, and flexible potential for retail, office, restaurant, or service use.
Property Size4,200 SF
Price / SF$261.90
Days on Market245
Property Features for 1989 N Opdyke Road
General Information
Standard status
Active
Size
4,200 SF
Property subtype
Commercial
Zoning
Commercial, Multiple, Office
Lease Term
Cash, Conventional
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$13,817
Building Details
Building Size
4,200 SF
Year Built
1940
Year Renovated
2025
Stories
1
Listing Agency:
R2M Realty
(586) 354-3886
Listed By:
Hassan I Karadsheh · License #6501381029
(586) 354-3886
Source:
Sabudarealty
Added: Dec 17, 2025
Changed: Aug 17
Last Checked: Aug 17 at 10:52PM
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 R2M Realty
Investment Insights
Based on property information with market context.
This retail property includes a vacant suite that was renovated in October 2025 with heavy-duty Luxury Vinyl Plank flooring and fresh paint. The space is move-in ready and offers a commercial setting suited to retail, office, restaurant, or service-oriented operations. The property was built in 1940 and includes available parking.
The building occupies the southwest corner of Odyke Road and Pontiac Road in Auburn Hills, with access to I-75 and M-59 nearby. Surrounding business and institutional references include the Amazon Distribution Center, Secretary of State, Oakland University, automotive OEMs and suppliers, and the former Palace of Auburn Hills.
The building occupies the southwest corner of Odyke Road and Pontiac Road in Auburn Hills, with access to I-75 and M-59 nearby. Surrounding business and institutional references include the Amazon Distribution Center, Secretary of State, Oakland University, automotive OEMs and suppliers, and the former Palace of Auburn Hills.
Key Highlights
- Suite renovated in October 2025 with heavy‑duty Luxury Vinyl Plank flooring and fresh paint
- Vacant space is described as move‑in ready
- Located at the southwest corner of Odyke Road and Pontiac Road
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
$45,194
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
4.11%
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%
$903,880
$903.9K
Cap Rate 7%
$645,629
$645.6K
Cap Rate 9%
$502,156
$502.2K
Market Conditions
NOI Build-Up for 4,200 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
$70.6K $16.80/SF
− Vacancy
−$6.0K −$1.43/SF
EGI
$64.6K $15.37/SF
− OpEx
−$19.4K −$4.61/SF
NOI
$45.2K $10.76/SF
Area
Oakland County, MI
Vacancy
8.50%
Lease Rate
$16.80 /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%
$903,880
Cap Rate 7%
$645,629
Cap Rate 9%
$502,156
Alternative Uses
Best Use
Retail
$645.6K
$564.9K – $753.2K
NOI $45,194 @ 7.0% cap · market cap 4.11%
Second Best
Office B
$206.6K
$180.7K – $241.0K
NOI $14,459 @ 7.0% cap · market cap 1.31%
Theoretical Best
Specialty Retail
$905.9K
$792.7K – $1.06M
NOI $63,413 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
147
Businesses Nearby
Explore this area
Business Placement
Demographics for 48326, MI
22,228
Population
12,219
Households
1.8
Avg Household Size
36
Median Age
47%
College-Educated
93%
High-School Grad
16.9 sq mi
ZIP Area
1,315
Density / Sq Mi
$79,468
Median Household Income
$46,012
Median Earnings
$1,411
Median Rent
$235,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Vacant commercial suite with new flooring, fresh paint, parking, and flexible potential for retail, office, restaurant, or service use.
Where is this retail space located?
The property is located at 1989 N Opdyke Road Auburn Hills, MI.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Suite renovated in October 2025 with heavy‑duty Luxury Vinyl Plank flooring and fresh paint; Vacant space is described as move‑in ready; Located at the southwest corner of Odyke Road and Pontiac Road
