Corner Retail
4113 Vernor Highway, Detroit, MI 48209
For Sale
Contact for pricing
Available now at a signal-controlled intersection in Southwest Detroit.
Property Size1,920 SF
Price / SF$434.90
Days on Market27
Property Features for 4113 Vernor Highway
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Corner Location
Additional Details
Asking Price
Listing Agency:
Signature Associates Southfield
Listed By:
Joe Stack · License #MI
(248) 359-0615
Source:
Crexi
Added: Oct 14
Changed: Nov 9
Last Checked: Nov 9 at 2:05AM
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 Signature Associates Southfield
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Investment Insights
Based on property information with market context.
This 1,920-square-foot retail space is available immediately. The property is located at 4113 Vernor Highway in Detroit, at a signalized corner in Southwest Detroit.
Key Highlights
- 1,920 square feet of retail space
- Signalized corner location on Vernor Highway in Southwest Detroit
- Available immediately
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,648
Cap Rate
2.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$472,960
$473.0K
Cap Rate 7%
$337,829
$337.8K
Cap Rate 9%
$262,756
$262.8K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$35.7K $18.60/SF
− Vacancy
−$1.9K −$1.00/SF
EGI
$33.8K $17.60/SF
− OpEx
−$10.1K −$5.28/SF
NOI
$23.6K $12.32/SF
Area
Detroit, MI
Vacancy
5.40%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$472,960
Cap Rate 7%
$337,829
Cap Rate 9%
$262,756
Alternative Uses
Best Use
Retail
$337.8K
$295.6K – $394.1K
NOI $23,648 @ 7.0% cap · market cap 2.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$423.6K
$370.6K – $494.2K
NOI $29,649 @ 7.0% cap · market cap 3.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
573
Businesses Nearby
16k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 76%
Dining 24%
O'Reilly Auto Parts
Shops & Services
4,295 visits/mo
0.1 miles
Citgo
Shops & Services
4,108 visits/mo
0.2 miles
Little Caesars Pizza
Dining
3,822 visits/mo
0.3 miles
Family Dollar
Shops & Services
3,608 visits/mo
0.3 miles
Demographics for 48209, MI
27,096
Population
11,020
Households
2.5
Avg Household Size
30
Median Age
10%
College-Educated
61%
High-School Grad
6.8 sq mi
ZIP Area
3,985
Density / Sq Mi
$42,152
Median Household Income
$30,091
Median Earnings
$843
Median Rent
$82,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Detroit, MI
Properties on Market for Retail space in Detroit
Vacancy Rate% for Retail in Detroit, MI
Frequently Asked Questions
What type of property is this?
Retail space - Available now at a signal-controlled intersection in Southwest Detroit.
Where is this retail space located?
The property is located at 4113 Vernor Highway Detroit, MI.
What is the asking price?
The asking price for this property is $835,000.
What are key features of this property?
This property features: 1,920 square feet of retail space; Signalized corner location on Vernor Highway in Southwest Detroit; Available immediately
