Retail
For Sale
Contact for pricing
23749 Van Born Road, Taylor, MI 48180
Unit A is situated beside Roberto's Bakery on Van Born Road in Taylor.
Property Size1,200 SF
Price / SF$1.08
Days on Market29
Property Features for 23749 Van Born Road
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Commercial
Building Details
Year Built
1955
Listing Agency:
GoodHome Realty, LLC
Listed By:
Quinton Lemond
(248) 928-4992
Source:
Goodhomemi
Added: Oct 1
Changed: Oct 28
Last Checked: Oct 28 at 4:52PM
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 GoodHome Realty, LLC
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Investment Insights
Based on property information with market context.
Unit A offers 1,200 square feet of retail space in a building constructed in 1955. The property is located at 23749 Van Born Road in Taylor, Michigan.
Roberto's Bakery is directly next to the space, placing the unit alongside an established bakery business.
Roberto's Bakery is directly next to the space, placing the unit alongside an established bakery business.
Key Highlights
- 1,200 square feet of retail space
- Unit A at 23749 Van Born Road, Taylor, MI 48180
- Located beside Roberto's Bakery
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,370
Suggested Prices Based on Cap Rates
Cap Rate 5%
$227,400
$227.4K
Cap Rate 7%
$162,429
$162.4K
Cap Rate 9%
$126,333
$126.3K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$17.3K $14.40/SF
− Vacancy
−$1.0K −$0.86/SF
EGI
$16.2K $13.54/SF
− OpEx
−$4.9K −$4.06/SF
NOI
$11.4K $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 Rate 5%
$227,400
Cap Rate 7%
$162,429
Cap Rate 9%
$126,333
Alternative Uses
Best Use
Retail
$162.4K
$142.1K – $189.5K
NOI $11,370 @ 7.0% cap · market cap 874.62%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$222.2K
$194.4K – $259.2K
NOI $15,552 @ 7.0% cap · market cap 1,196.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
319
Businesses Nearby
110k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Shops & Services 33%
Groceries 22%
Home Improvements & Furnishings 1%
Aldi
Groceries
23,991 visits/mo
0.2 miles
Wendy's
Dining
17,729 visits/mo
0.1 miles
Burger King
Dining
13,339 visits/mo
0.1 miles
Citgo
Shops & Services
7,643 visits/mo
0.3 miles
KFC
Dining
7,625 visits/mo
0.5 miles
Demographics for 48180, MI
63,409
Population
26,741
Households
2.4
Avg Household Size
39
Median Age
16%
College-Educated
87%
High-School Grad
23.6 sq mi
ZIP Area
2,687
Density / Sq Mi
$59,537
Median Household Income
$40,090
Median Earnings
$1,036
Median Rent
$141,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Unit A is situated beside Roberto's Bakery on Van Born Road in Taylor.
Where is this retail space located?
The property is located at 23749 Van Born Road Taylor, MI.
What are key features of this property?
This property features: 1,200 square feet of retail space; Unit A at 23749 Van Born Road, Taylor, MI 48180; Located beside Roberto's Bakery
