Multi-Unit Retail Storefront
For Sale
$175,000
25835-25837 Jefferson Ave, Saint Clair Shores, MI 48081
Well-maintained storefront building currently operating as a hair salon, with a layout that can support retail, office, or service uses.
Property Size1,098 SF
Price / SF$159.38
Days on Market134
Property Features for 25835-25837 Jefferson Ave
General Information
Standard status
Active
Size
1,098 SF
Property subtype
General Commercial
Amenities
3
Building Details
Year Built
1962
Listing Agency:
REALTEAM Real Estate
(586) 580-8092
Listed By:
Realteam Real Estate · License #6506045935
Source:
Xome
Added: Apr 12
Changed: Aug 23
Last Checked: Aug 22 at 4:46PM
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 REALTEAM Real Estate
Investment Insights
Based on property information with market context.
This well-maintained commercial building is currently operating as a hair salon and includes a functional storefront layout suited to a range of business uses. The property is designed for customer-facing operations and can be positioned as retail, office, or a service-based space, depending on the next owner’s needs.
Located at 25835–25837 Jefferson Avenue in St. Clair Shores, the building is described as being in a high-traffic area with convenient access to major roads, helping support visibility and accessibility for both customers and clients.
The property totals about 1,098 square feet and is offered for sale as an owner-user or investment opportunity.
Located at 25835–25837 Jefferson Avenue in St. Clair Shores, the building is described as being in a high-traffic area with convenient access to major roads, helping support visibility and accessibility for both customers and clients.
The property totals about 1,098 square feet and is offered for sale as an owner-user or investment opportunity.
Key Highlights
- Commercial building built in 1962
- Currently operating as a hair salon storefront
- Well‑maintained property with a functional layout for retail, office, or service use
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
$8,116
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
4.64%
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%
$162,320
$162.3K
Cap Rate 7%
$115,943
$115.9K
Cap Rate 9%
$90,178
$90.2K
Market Conditions
NOI Build-Up for 1,098 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
$13.2K $12.00/SF
− Vacancy
−$1.6K −$1.44/SF
EGI
$11.6K $10.56/SF
− OpEx
−$3.5K −$3.17/SF
NOI
$8.1K $7.39/SF
Area
Macomb County, MI
Vacancy
12.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
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%
$162,320
Cap Rate 7%
$115,943
Cap Rate 9%
$90,178
Alternative Uses
Best Use
Retail
$115.9K
$101.5K – $135.3K
NOI $8,116 @ 7.0% cap · market cap 4.64%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$205.6K
$179.9K – $239.8K
NOI $14,389 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
384
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48081, MI
20,496
Population
9,669
Households
2.1
Avg Household Size
45
Median Age
27%
College-Educated
95%
High-School Grad
3.9 sq mi
ZIP Area
5,255
Density / Sq Mi
$75,735
Median Household Income
$51,140
Median Earnings
$1,272
Median Rent
$202,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Well-maintained storefront building currently operating as a hair salon, with a layout that can support retail, office, or service uses.
Where is this storefront property located?
The property is located at 25835-25837 Jefferson Ave Saint Clair Shores, MI.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Commercial building built in 1962; Currently operating as a hair salon storefront; Well‑maintained property with a functional layout for retail, office, or service use
