Mixed-Use Building With
New
For Sale
$459,000
2935 W Jefferson Ave, Trenton, MI 48183
Main-level commercial space is paired with a finished residential loft and private patio.
Property Size2,399 SF
Days on Market4
Property Features for 2935 W Jefferson Ave
General Information
Standard status
Active
Size
2,399 SF
Property subtype
Commercial
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$6,710
Building Details
Building Size
2,399 SF
Year Built
1956
Buildings
1
Listing Agency:
Concept Realty
(734) 775-1006
Listed By:
Ryan Behrik
(734) 775-1006
Source:
Elliman
Added: Aug 17
Changed: Aug 18
Last Checked: Aug 20 at 10:58AM
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 Concept Realty
Investment Insights
Based on property information with market context.
This mixed-use property combines commercial and residential components within a 1956 building at 2935 W Jefferson Ave. The main level provides commercial space for business or office use, while the upper residential loft includes updated finishes and a large private patio with views toward the Detroit River.
The property is situated in downtown Trenton along a major thoroughfare with pedestrian and vehicular activity. Elizabeth Park, RiverTown Tavern, and Custard Corner are located nearby. Walk Score is 69 and Bike Score is 40, reflecting a somewhat walkable and somewhat bikeable setting. Buyers should verify proposed plans and property information with the City of Trenton.
The property is situated in downtown Trenton along a major thoroughfare with pedestrian and vehicular activity. Elizabeth Park, RiverTown Tavern, and Custard Corner are located nearby. Walk Score is 69 and Bike Score is 40, reflecting a somewhat walkable and somewhat bikeable setting. Buyers should verify proposed plans and property information with the City of Trenton.
Key Highlights
- Mixed‑use commercial and residential building constructed in 1956
- Main‑level commercial space for business or office use
- Finished residential loft with a large private patio
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
$28,500
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
6.21%
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%
$570,000
$570.0K
Cap Rate 7%
$407,143
$407.1K
Cap Rate 9%
$316,667
$316.7K
Market Conditions
NOI Build-Up for 2,399 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
$51.8K $21.60/SF
− Vacancy
−$6.2K −$2.59/SF
EGI
$45.6K $19.01/SF
− OpEx
−$17.1K −$7.13/SF
NOI
$28.5K $11.88/SF
Area
Wayne County, MI
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$570,000
Cap Rate 7%
$407,143
Cap Rate 9%
$316,667
Alternative Uses
Best Use
Mixed Use
$407.1K
$356.3K – $475.0K
NOI $28,500 @ 7.0% cap · market cap 6.21%
Second Best
Office B
$118.0K
$103.2K – $137.7K
NOI $8,259 @ 7.0% cap · market cap 1.80%
Theoretical Best
Specialty Retail
$444.2K
$388.6K – $518.2K
NOI $31,091 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
598
Businesses Nearby
Explore this area
Business Placement
Demographics for 48183, MI
42,447
Population
18,095
Households
2.3
Avg Household Size
43
Median Age
27%
College-Educated
94%
High-School Grad
18.0 sq mi
ZIP Area
2,358
Density / Sq Mi
$82,020
Median Household Income
$51,534
Median Earnings
$1,009
Median Rent
$214,000
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 - Main-level commercial space is paired with a finished residential loft and private patio.
Where is this mixed-use property located?
The property is located at 2935 W Jefferson Ave Trenton, MI.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: Mixed‑use commercial and residential building constructed in 1956; Main‑level commercial space for business or office use; Finished residential loft with a large private patio
