Updated Mixed-Use
For Sale
$425,000
26201 Dequindre Road, Madison Heights, MI 48071
B-3 zoning supports retail and office uses, with gated rear parking and basement storage.
Property Size2,660 SF
Price / SF$159.77
Days on Market53
Property Features for 26201 Dequindre Road
General Information
Standard status
Active
Size
2,660 SF
Property subtype
Commercial
Lease Term
Cash, Conventional
Building Details
Building Size
2,660 SF
Year Built
1989
Listing Agency:
Pilot Property Group - Residential LLC
(586) 873-5419
Listed By:
Anthony U Rubino · License #6502425251
(586) 873-5419
Source:
Sabudarealty
Added: Jul 9
Changed: Aug 30
Last Checked: Aug 30 at 2:53AM
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 2,660-square-foot mixed-use property, built in 1989, combines retail and office space with a 16-foot ceiling, epoxy showroom flooring, LED lighting, fresh paint, and an updated exterior. Approximately 900 SF of basement storage adds room for inventory or operations, while two accompanying residential units expand the building’s configuration.
The property occupies a 0.27-acre parcel along Dequindre Road, with 50 feet of frontage and reported traffic of 15,000 vehicles per day. It is positioned just south of 11 Mile Road, with access to I-696 and other major regional thoroughfares. A gated rear parking area and B-3 zoning further support the property’s retail-office format.
The property occupies a 0.27-acre parcel along Dequindre Road, with 50 feet of frontage and reported traffic of 15,000 vehicles per day. It is positioned just south of 11 Mile Road, with access to I-696 and other major regional thoroughfares. A gated rear parking area and B-3 zoning further support the property’s retail-office format.
Key Highlights
- 2,660‑square‑foot mixed‑use property built in 1989
- 50 feet of frontage on Dequindre Road with 15,000 vehicles per day
- Approximately 900 SF of basement storage
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
Property Profile
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
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?
Mixed-use property - B-3 zoning supports retail and office uses, with gated rear parking and basement storage.
Where is this mixed-use property located?
The property is located at 26201 Dequindre Road 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‑square‑foot mixed‑use property built in 1989; 50 feet of frontage on Dequindre Road with 15,000 vehicles per day; Approximately 900 SF of basement storage
