Multi-Tenant Retail Shopping
23748-23800 West Rd Brownstown, MI 48183
For Sale
Contact for pricing
West-Tel Plaza is a multi-tenant shopping center with 97% occupancy and a diverse mix of retail and service tenants.
Property Size36,168 SF
Lot Size4.65 Acres
Price / SF$171.42
Days on Market423
Property Features for 23748-23800 West Rd
General Information
Standard status
Active
Size
36,168 SF
Lot size
4.65 Acres
Property subtype
RETAIL
Listing Agency:
AQRE Advisors
(248) 921-6730
Listed By:
Kyle Simon · License #6501390806
(248) 921-6730
Source:
Moodyscre
Added: Jun 2, 2025
Changed: Jul 26
Last Checked: Jul 28 at 3:48PM
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 AQRE Advisors
Investment Insights
Based on property information with market context.
West-Tel Plaza is a multi-tenant shopping center totaling 36,168 SF on 4.65 acres. The property is 97% occupied and features a mix of local, regional, and national tenants.
Tenants include CVS, Anytime Fitness, Little Caesars, Subway, Great Clips, and Olympic Coney Island. The center is located at 23748-23800 West Rd in Brownstown, Michigan.
With multiple active storefronts across retail and service uses, the property offers an established tenant base within a shopping center format.
Tenants include CVS, Anytime Fitness, Little Caesars, Subway, Great Clips, and Olympic Coney Island. The center is located at 23748-23800 West Rd in Brownstown, Michigan.
With multiple active storefronts across retail and service uses, the property offers an established tenant base within a shopping center format.
Key Highlights
- ±36,168 SF multi‑tenant shopping center at 23748‑23800 West Rd, Brownstown, MI 48183
- Situated on ±4.65 acres with 97% occupancy
- Tenant mix includes CVS, Anytime Fitness, Little Caesars, Subway, Great Clips, and Olympic Coney Island
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $520.8k | $14.40 |
| − Vacancy | −$31.2k | −$0.86 |
| EGI | $489.6k | $13.54 |
| − OpEx | −$146.9k | −$4.06 |
| NOI | $342.7k | $9.48 |
36,168 SF · lease $14.40/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.90M
$4.28M – $5.71M
NOI $342,699 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.70M
$5.86M – $7.81M
NOI $468,737 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Coinstar Kiosk | Bitcoin ATM — Kroger - Michigan, 23849 West Rd, Brownstown Charter Twp, MI 48134
Frequently Asked Questions
What type of property is this?
Shopping center - West-Tel Plaza is a multi-tenant shopping center with 97% occupancy and a diverse mix of retail and service tenants.
Where is this shopping center located?
The property is located at 23748-23800 West Rd Brownstown, MI.
What is the asking price?
The asking price for this property is $6,200,000.
What are key features of this property?
This property features: ±36,168 SF multi‑tenant shopping center at 23748‑23800 West Rd, Brownstown, MI 48183; Situated on ±4.65 acres with 97% occupancy; Tenant mix includes CVS, Anytime Fitness, Little Caesars, Subway, Great Clips, and Olympic Coney Island
