End-Cap Retail
For Sale
Contact for pricing
30693-30711 W 12 Mile Road, Farmington Hills, MI 48334
Retail and office zoning supports flexible commercial use in a residential and office-oriented setting.
Property Size11,150 SF
Price / SF$0.01
Days on Market118
Property Features for 30693-30711 W 12 Mile Road
General Information
Standard status
Active
Size
11,150 SF
Property subtype
Retail
Lease Term
NNN
Site & Location
End Cap
Yes
Anchor Co-Tenants
Subway, Sozai Chicken, Sushi Ko
Traffic Count
23,000 vehicles/day
Highway Access
Yes
Amenities
Building and monument signage
Building Details
Building Size
11,150 SF
Year Built
1987
Tenancy
Single
Properties For Sale
at 30693-30711 W 12 Mile Road
Suite 30693-30695:
Size
2,340 SF
Term
Negotiable
Listing Agency:
KJ Commercial
Listed By:
David Jappaya · License #6501416409
(248) 881-4055
Source:
Kjcre
Added: Jun 24
Changed: Oct 4
Last Checked: Oct 19 at 5:02AM
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 KJ Commercial
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Investment Insights
Based on property information with market context.
The 2,340 SF end-cap retail space at Regency Plaza was built in 1987 and offers a prominent position within the center. Building and monument signage are available along W. 12 Mile Road, with exposure to over 23,000 vehicles per day. Zoning supports a range of retail and office uses.
The property is positioned in a densely populated residential area near an active office corridor, with access to I-696. Existing plaza occupants include Subway, Sozai Chicken, and Sushi Ko, providing an established commercial setting for the available unit.
The property is positioned in a densely populated residential area near an active office corridor, with access to I-696. Existing plaza occupants include Subway, Sozai Chicken, and Sushi Ko, providing an established commercial setting for the available unit.
Key Highlights
- 2,340 SF end‑cap unit at Regency Plaza
- Building and monument signage on W. 12 Mile Road
- Visible to over 23,000 vehicles per day
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,179
Suggested Prices Based on Cap Rates
Cap Rate 5%
$503,580
$503.6K
Cap Rate 7%
$359,700
$359.7K
Cap Rate 9%
$279,767
$279.8K
Market Conditions
NOI Build-Up for 2,340 SF
Gross rent
$39.3K $16.80/SF
− Vacancy
−$3.3K −$1.43/SF
EGI
$36.0K $15.37/SF
− OpEx
−$10.8K −$4.61/SF
NOI
$25.2K $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 Rate 5%
$503,580
Cap Rate 7%
$359,700
Cap Rate 9%
$279,767
Alternative Uses
Best Use
Retail
$359.7K
$314.7K – $419.7K
NOI $25,179 @ 7.0% cap · market cap 114,450.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$504.7K
$441.6K – $588.8K
NOI $35,330 @ 7.0% cap · market cap 160,590.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
23,000 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
681
Businesses Nearby
Explore this area
Business Placement
Demographics for 48334, MI
18,731
Population
8,528
Households
2.2
Avg Household Size
45
Median Age
59%
College-Educated
96%
High-School Grad
9.1 sq mi
ZIP Area
2,058
Density / Sq Mi
$98,937
Median Household Income
$56,067
Median Earnings
$1,511
Median Rent
$327,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Retail and office zoning supports flexible commercial use in a residential and office-oriented setting.
Where is this retail space located?
The property is located at 30693-30711 W 12 Mile Road Farmington Hills, MI.
What are key features of this property?
This property features: 2,340 SF end‑cap unit at Regency Plaza; Building and monument signage on W. 12 Mile Road; Visible to over 23,000 vehicles per day
