Mixed-Use Building with Retail
For Sale
$425,000
26201 DEQUINDRE RD, Madison Heights, MI 48071
Updated commercial building with showroom finishes, gated rear parking, basement storage, and flexible retail-office functionality.
Property Size2,660 SF
Price / SF$159.77
Days on Market66
Property Features for 26201 DEQUINDRE RD
General Information
Standard status
Active
Size
2,660 SF
Property subtype
Industrial
Amenities
3
Flat
Building Details
Year Built
1989
Listing Agency:
Pilot Property Group - Residential LLC
(586) 254-0900
Listed By:
Anthony Rubino · License #6502425251
(586) 873-5419
Source:
Xome
Added: Jul 7
Changed: Sep 9
Last Checked: Sep 10 at 6:59AM
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 Pilot Property Group - Residential LLC
Investment Insights
Based on property information with market context.
This mixed-use property contains 2,660 square feet in a building constructed in 1989, with retail and office areas supported by a 16-foot ceiling and approximately 900 square feet of basement storage. Recent improvements include new exterior paint, energy-efficient LED lighting, epoxy showroom flooring, and a clean exterior finish. Rooftop utilities and two residential units add to the building’s configuration.
The property occupies a 0.27-acre parcel with 50 feet of frontage on Dequindre Road, just south of 11 Mile Road in Madison Heights. Traffic volume is reported at 15,000 vehicles per day, with access to I-696 and other regional thoroughfares. The site is designated B-3, and includes a gated rear parking area.
The property occupies a 0.27-acre parcel with 50 feet of frontage on Dequindre Road, just south of 11 Mile Road in Madison Heights. Traffic volume is reported at 15,000 vehicles per day, with access to I-696 and other regional thoroughfares. The site is designated B-3, and includes a gated rear parking area.
Key Highlights
- 2,660 SF mixed‑use building constructed in 1989
- 50 feet of frontage on Dequindre Road
- 15,000 vehicles per day along the corridor
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
$28,623
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
6.73%
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%
$572,460
$572.5K
Cap Rate 7%
$408,900
$408.9K
Cap Rate 9%
$318,033
$318.0K
Market Conditions
NOI Build-Up for 2,660 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
$44.7K $16.80/SF
− Vacancy
−$3.8K −$1.43/SF
EGI
$40.9K $15.37/SF
− OpEx
−$12.3K −$4.61/SF
NOI
$28.6K $10.76/SF
Area
Oakland County, MI
Vacancy
8.50%
Lease Rate
$16.80 /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%
$572,460
Cap Rate 7%
$408,900
Cap Rate 9%
$318,033
Alternative Uses
Best Use
Retail
$408.9K
$357.8K – $477.1K
NOI $28,623 @ 7.0% cap · market cap 6.73%
Second Best
Mixed Use
$384.8K
$336.7K – $448.9K
NOI $26,933 @ 7.0% cap · market cap 6.34%
Theoretical Best
Specialty Retail
$573.7K
$502.0K – $669.4K
NOI $40,162 @ 7.0% cap · market cap 9.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
717
Businesses Nearby
Explore this area
Business Placement
Demographics for 48071, MI
28,468
Population
14,690
Households
1.9
Avg Household Size
39
Median Age
32%
College-Educated
89%
High-School Grad
7.1 sq mi
ZIP Area
4,010
Density / Sq Mi
$66,726
Median Household Income
$49,151
Median Earnings
$1,138
Median Rent
$190,300
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Updated commercial building with showroom finishes, gated rear parking, basement storage, and flexible retail-office functionality.
Where is this mixed-use property located?
The property is located at 26201 DEQUINDRE RD Madison Heights, MI.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2,660 SF mixed‑use building constructed in 1989; 50 feet of frontage on Dequindre Road; 15,000 vehicles per day along the corridor
