Established Neighborhood Shopping
New
For Sale
$6,651,640
3580 West Road, Trenton, MI 48183
Signalized-corner center with multiple access points and a fully leased tenant roster.
Property Size50,406 SF
Days on Market3
Property Features for 3580 West Road
General Information
Standard status
Active
Size
50,406 SF
Property subtype
Retail
Occupancy
100%
Site & Location
Corner Location
Yes
Anchor Co-Tenants
Sherwin-Williams, Shong Hey Restaurant, Family Dollar
Road Access
Yes
Building Details
Building Size
50,406 SF
Tenancy
Multi
Listing Agency:
Mid America Real Estate - Michigan Inc
Listed By:
Jared Gell
(248) 855-6800
Source:
Midamericagrp
Added: Sep 11
Changed: Sep 12
Last Checked: Sep 13 at 7:04AM
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 Mid America Real Estate - Michigan Inc
Investment Insights
Based on property information with market context.
West Grange Plaza is a fully leased neighborhood shopping center at 3580 West Road in Trenton, Michigan. The tenant mix spans discount retail, medical, service businesses, restaurant use, and coffee retail. Existing leases include 4,090 SF occupied by Margie’s Cake & Candy Supply through May 31, 2027, and 3,485 SF occupied by Dr. Mayer Salama DPM through July 31, 2029; both are gross leases with no options remaining.
The center occupies the northeast corner of West Road and Grange Road at a signalized intersection within Trenton’s primary commercial corridor. Multiple access points serve the property, which is positioned along local travel routes connecting Trenton, Riverview, Woodhaven, Brownstown Township, and Grosse Ile. A new 10-year Dollar Tree lease is scheduled to open in Q1 2027, while Trenton Nails & Spa has completed a 10-year extension. Longstanding occupancy includes Sherwin-Williams since 1979, Shong Hey Restaurant since 1996, and Family Dollar since 2004.
The center occupies the northeast corner of West Road and Grange Road at a signalized intersection within Trenton’s primary commercial corridor. Multiple access points serve the property, which is positioned along local travel routes connecting Trenton, Riverview, Woodhaven, Brownstown Township, and Grosse Ile. A new 10-year Dollar Tree lease is scheduled to open in Q1 2027, while Trenton Nails & Spa has completed a 10-year extension. Longstanding occupancy includes Sherwin-Williams since 1979, Shong Hey Restaurant since 1996, and Family Dollar since 2004.
Key Highlights
- Fully leased neighborhood shopping center at 3580 West Road, Trenton, MI 48183
- Northeast corner of West Road and Grange Road at a signalized intersection
- 4,090 SF gross lease for Margie’s Cake & Candy Supply expires May 31, 2027
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
$477,607
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
7.18%
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%
$9,552,140
$9.6M
Cap Rate 7%
$6,822,957
$6.8M
Cap Rate 9%
$5,306,744
$5.3M
Market Conditions
NOI Build-Up for 50,406 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
$725.8K $14.40/SF
− Vacancy
−$43.6K −$0.86/SF
EGI
$682.3K $13.54/SF
− OpEx
−$204.7K −$4.06/SF
NOI
$477.6K $9.48/SF
Area
Wayne County, MI
Vacancy
6.00%
Lease Rate
$14.40 /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%
$9,552,140
Cap Rate 7%
$6,822,957
Cap Rate 9%
$5,306,744
Alternative Uses
Best Use
Retail
$6.82M
$5.97M – $7.96M
NOI $477,607 @ 7.0% cap · market cap 7.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$9.33M
$8.17M – $10.89M
NOI $653,262 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
598
Businesses Nearby
238k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 41%
Apparel 25%
Shops & Services 13%
Home Improvements & Furnishings 13%
Target
Superstores
96,475 visits/mo
0.5 miles
Marshalls
Apparel
34,179 visits/mo
0.4 miles
HomeGoods
Home Improvements & Furnishings
31,775 visits/mo
0.5 miles
maurices
Apparel
10,038 visits/mo
0.4 miles
Bath & Body Works
Beauty & Spa
9,036 visits/mo
0.4 miles
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 Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Secretary of State Self-service Station — 3040 Van Horn Rd, Trenton, MI 48183
- Trenton Shopping Center — Van Horn Rd, Trenton, MI 48183
- Woodhaven Village Square Shopping Center — Woodhaven, MI 48183
- Woodhaven Commons — 19255 West Rd, Trenton, MI 48183
- Trenton Crossing Plaza — 3331 West Rd, Trenton, MI 48183
Frequently Asked Questions
What type of property is this?
Shopping center - Signalized-corner center with multiple access points and a fully leased tenant roster.
Where is this shopping center located?
The property is located at 3580 West Road Trenton, MI.
What is the asking price?
The asking price for this property is $6,651,640.
What are key features of this property?
This property features: Fully leased neighborhood shopping center at 3580 West Road, Trenton, MI 48183; Northeast corner of West Road and Grange Road at a signalized intersection; 4,090 SF gross lease for Margie’s Cake & Candy Supply expires May 31, 2027
