28203 Plymouth Rd Livonia, MI 48150
Vacant 2,494 SF retail building suitable for redevelopment.
Property Features for 28203 Plymouth Rd
General Information
- Standard status
- Active
- Size
- 2,494 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1968
Listing office SRS Real Estate Partners Newport Beach (248) 688-0630
Listing date Nov 21, 2023
Source Crexi
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Investment Insights
Based on property information with market context.
Key Highlights
- Vacant QSR - Ready for immediate occupancy or repurposing.
- Owner‑User Opportunity - Ideal for business owners.
- Redevelopment Opportunity - Potential to renovate or rebuild.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.9k | $18.00 |
| − Vacancy | −$1.8k | −$0.72 |
| EGI | $43.1k | $17.28 |
| − OpEx | −$10.8k | −$4.32 |
| NOI | $32.3k | $12.96 |
