Single-Tenant Retail
New
For Sale
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4058 West Jefferson Avenue, Ecorse, MI 48229
Domino's Pizza occupies the property under a lease with more than eight years remaining.
Property Size1,500 SF
Lot Size0.20 Acres
Price / SF$250
Days on Market5
Property Features for 4058 West Jefferson Avenue
General Information
Standard status
Active
Size
1,500 SF
Lot size
0.20 Acres
Property subtype
Retail
Occupancy
100%
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Gerdom Realty & Investment
Listed By:
Michael Murphy · License #6501389134
(248) 242-6766
Source:
Crexi
Added: Sep 23
Changed: Sep 26
Last Checked: Sep 26 at 3:11AM
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 Gerdom Realty & Investment
Investment Insights
Based on property information with market context.
This 1,500-square-foot retail building is occupied by Domino's Pizza as its sole tenant. The lease has more than eight years remaining, providing a defined tenancy term.
Property improvements completed in 2025 include a new roof, work to the parking lot, and replacement of the sewer connection to the public sewer. The site encompasses 0.2 acres on West Jefferson Avenue in Ecorse, Michigan.
Property improvements completed in 2025 include a new roof, work to the parking lot, and replacement of the sewer connection to the public sewer. The site encompasses 0.2 acres on West Jefferson Avenue in Ecorse, Michigan.
Key Highlights
- Domino's Pizza is the sole tenant, with more than 8 years remaining on its lease
- 1,500‑square‑foot retail building on 0.2 acres
- New roof completed in 2025
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
$19,440
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
5.18%
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%
$388,800
$388.8K
Cap Rate 7%
$277,714
$277.7K
Cap Rate 9%
$216,000
$216.0K
Market Conditions
NOI Build-Up for 1,500 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
$27.0K $18.00/SF
− Vacancy
−$1.1K −$0.72/SF
EGI
$25.9K $17.28/SF
− OpEx
−$6.5K −$4.32/SF
NOI
$19.4K $12.96/SF
Area
Wayne County, MI
Vacancy
4.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$388,800
Cap Rate 7%
$277,714
Cap Rate 9%
$216,000
Alternative Uses
Best Use
Specialty Retail
$277.7K
$243.0K – $324.0K
NOI $19,440 @ 7.0% cap · market cap 5.18%
Second Best
Retail
$203.0K
$177.7K – $236.9K
NOI $14,213 @ 7.0% cap · market cap 3.79%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
264
Businesses Nearby
14k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 95%
Electronics 5%
Marathon Petroleum
Shops & Services
5,176 visits/mo
0.3 miles
Family Dollar
Shops & Services
5,008 visits/mo
0.3 miles
Sunoco
Shops & Services
3,545 visits/mo
0.3 miles
Metro by T-Mobile
Electronics
695 visits/mo
0.3 miles
Demographics for 48229, MI
9,258
Population
4,156
Households
2.2
Avg Household Size
36
Median Age
9%
College-Educated
72%
High-School Grad
2.8 sq mi
ZIP Area
3,306
Density / Sq Mi
$45,148
Median Household Income
$33,815
Median Earnings
$879
Median Rent
$59,300
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
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Frequently Asked Questions
What type of property is this?
Retail space - Domino's Pizza occupies the property under a lease with more than eight years remaining.
Where is this retail space located?
The property is located at 4058 West Jefferson Avenue Ecorse, MI.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Domino's Pizza is the sole tenant, with more than 8 years remaining on its lease; 1,500‑square‑foot retail building on 0.2 acres; New roof completed in 2025
