Front-Positioned Office
For Sale
$100,000
25418 Goddard Rd, Taylor, MI 48180
Office unit with private rooms, reception area, and storage in a commercial, office-zoned complex.
Property Size800 SF
Price / SF$125
Days on Market71
Property Features for 25418 Goddard Rd
General Information
Standard status
Active
Size
800 SF
Property subtype
Commercial
Additional Details
Road Access
Yes
Building Details
Year Built
1982
Listing Agency:
Sunflower Realty LLC
(313) 460-4646
Listed By:
Gus Hassan
Source:
Vmrealestatemichigan
Added: Jun 21
Changed: Aug 29
Last Checked: Aug 25 at 8:08AM
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 Sunflower Realty LLC
Investment Insights
Based on property information with market context.
This office unit is arranged with private offices, a reception area, and dedicated storage, providing a practical layout for professional office, medical practice, or retail use. The property carries Commercial and Office zoning and was built in 1982.
The suite occupies a front position within the complex at 25418 Goddard Road in Taylor, MI 48180. Its placement along a busy road provides direct access and prominent exposure from the surrounding roadway.
The suite occupies a front position within the complex at 25418 Goddard Road in Taylor, MI 48180. Its placement along a busy road provides direct access and prominent exposure from the surrounding roadway.
Key Highlights
- Front‑positioned unit within a well‑maintained complex
- Private offices, reception area, and storage
- Commercial, Office zoning supports stated office, medical, and retail uses
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
$8,424
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
8.42%
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%
$168,480
$168.5K
Cap Rate 7%
$120,343
$120.3K
Cap Rate 9%
$93,600
$93.6K
Market Conditions
NOI Build-Up for 800 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
$16.0K $20.04/SF
− Vacancy
−$2.0K −$2.49/SF
EGI
$14.0K $17.55/SF
− OpEx
−$5.6K −$7.02/SF
NOI
$8.4K $10.53/SF
Area
Wayne County, MI
Vacancy
12.42%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
40.00%
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%
$168,480
Cap Rate 7%
$120,343
Cap Rate 9%
$93,600
Alternative Uses
Best Use
Healthcare Medical
$120.3K
$105.3K – $140.4K
NOI $8,424 @ 7.0% cap · market cap 8.42%
Second Best
Retail
$108.3K
$94.8K – $126.3K
NOI $7,580 @ 7.0% cap · market cap 7.58%
Theoretical Best
Specialty Retail
$148.1K
$129.6K – $172.8K
NOI $10,368 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
220
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Office unit with private rooms, reception area, and storage in a commercial, office-zoned complex.
Where is this office units located?
The property is located at 25418 Goddard Rd Taylor, MI.
What is the asking price?
The asking price for this property is $100,000.
What are key features of this property?
This property features: Front‑positioned unit within a well‑maintained complex; Private offices, reception area, and storage; Commercial, Office zoning supports stated office, medical, and retail uses
