Office Suite with Shared Waiting
For Sale
Contact for pricing
24365 Van Born Road, Taylor, MI 48180
Suite occupants can use a shared kitchenette and have access to on-site parking.
Property Size5,966 SF
Price / SF$0.52
Days on Market17
Property Features for 24365 Van Born Road
General Information
Standard status
Active
Size
5,966 SF
Property subtype
Commercial
Additional Details
Property Use
Office
Amenities
shared waiting area
kitchenette
Building Details
Year Built
1967
Listing Agency:
Got Key'D Realty
(313) 228-5710
Listed By:
Ali M Beydoun · License #6501394866
(313) 598-5100
Source:
Goodhomemi
Added: Oct 13
Changed: Oct 28
Last Checked: Oct 28 at 4:21PM
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 Got Key'D Realty
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Investment Insights
Based on property information with market context.
A private office suite is available within a studio setting. Shared amenities include a waiting area and kitchenette, with parking available on site. The building dates to 1967.
The lease term is 12 months.
The lease term is 12 months.
Key Highlights
- Private office suite offered for lease
- Shared waiting area for visitors
- Access to a common kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,538
Suggested Prices Based on Cap Rates
Cap Rate 5%
$410,760
$410.8K
Cap Rate 7%
$293,400
$293.4K
Cap Rate 9%
$228,200
$228.2K
Market Conditions
NOI Build-Up for 5,966 SF
Gross rent
$35.8K $6.00/SF
− Vacancy
−$8.4K −$1.41/SF
EGI
$27.4K $4.59/SF
− OpEx
−$6.8K −$1.15/SF
NOI
$20.5K $3.44/SF
Area
Wayne County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$410,760
Cap Rate 7%
$293,400
Cap Rate 9%
$228,200
Alternative Uses
Best Use
Office B
$293.4K
$256.7K – $342.3K
NOI $20,538 @ 7.0% cap · market cap 662.52%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.10M
$966.5K – $1.29M
NOI $77,319 @ 7.0% cap · market cap 2,494.16%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
302
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Suite occupants can use a shared kitchenette and have access to on-site parking.
Where is this office unit located?
The property is located at 24365 Van Born Road Taylor, MI.
What are key features of this property?
This property features: Private office suite offered for lease; Shared waiting area for visitors; Access to a common kitchenette
