Building Details

Year Built 1970

Listing Agency: Keller Williams Legacy Show Phone

Listed By: Haitham Garallah Show Phone

Source: Goodhomemi

Added: Oct 9 Changed: Oct 28 Last Checked: Oct 28 at 3:35PM

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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 Keller Williams Legacy

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This retail space at 25740 Telegraph Road in Brownstown Township contains 2,300 square feet and has 16-foot ceilings. The roof and electrical systems were updated in 2020, and the parking lot has been newly paved.

The property is next to a liquidation center and is situated on Telegraph Road.

Key Highlights

• 2,300‑square‑foot retail space
• 16‑foot ceilings
• Roof and electrical updates completed in 2020

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,793

Suggested Prices Based on Cap Rates

Cap Rate 5%

$435,860 $435.9K

Cap Rate 7%

$311,329 $311.3K

Cap Rate 9%

$242,144 $242.1K

What to ask about pricing

Market Conditions

NOI Build-Up for 2,300 SF

Gross rent

$33.1K $14.40/SF

− Vacancy

−$2.0K −$0.86/SF

EGI

$31.1K $13.54/SF

− OpEx

−$9.3K −$4.06/SF

NOI

$21.8K $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%

$435,860

Cap Rate 7%

$311,329

Cap Rate 9%

$242,144

Alternative Uses

Best Use

Retail

$311.3K

$272.4K – $363.2K (±1% cap)

NOI $21,793 @ 7.0% cap · market cap 871.72%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$425.8K

$372.6K – $496.8K (±1% cap)

NOI $29,808 @ 7.0% cap · market cap 1,192.32%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Law Firm Dental Office Building Supply Kitchen & Bath Showroom Real Estate Agency Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

183

Businesses Nearby

23k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 69% Dining 25% Electronics 6%

Sunoco Shops & Services

8,446 visits/mo 0.1 miles

Family Dollar Shops & Services

5,252 visits/mo 0.4 miles

BIGGBY COFFEE Dining

3,122 visits/mo 0.4 miles

SUBWAY Dining

2,752 visits/mo 0.4 miles

AutoZone Shops & Services

2,496 visits/mo 0.4 miles

Demographics for 48134, MI

23,829

Population

9,579

Households

2.5

Avg Household Size

41

Median Age

25%

College-Educated

93%

High-School Grad

18.5 sq mi

ZIP Area

1,288

Density / Sq Mi

$88,821

Median Household Income

$49,050

Median Earnings

$1,106

Median Rent

$252,500

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Frequently Asked Questions

What type of property is this?

Retail space - The space offers tall ceilings, a recently paved parking area, and roof and electrical work completed in 2020.

Where is this retail space located?

The property is located at 25740 Telegraph Road Brownstown Twp, MI.

What are key features of this property?

This property features: 2,300‑square‑foot retail space; 16‑foot ceilings; Roof and electrical updates completed in 2020