Retail Storefront with Two-Street
For Sale
$600,000
425 S Ortonville Road, Ortonville, MI 48462
Retail storefront with 152 feet on M-15/S Ortonville Road plus 141 feet on South Street and ample on-site parking.
Property Size3,740 SF
Price / SF$160.43
Days on Market43
Property Features for 425 S Ortonville Road
General Information
Standard status
Active
Size
3,740 SF
Property subtype
Industrial
Zoning
C
Additional Details
Road Access
Yes
Amenities
3
15670
Building Details
Year Built
18
Listing Agency:
Wentworth Real Estate Group
(810) 955-6600
Listed By:
Andrew Belson · License #6501370141
Source:
Xome
Added: Jun 28
Changed: Aug 8
Last Checked: Aug 9 at 5:36AM
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 Wentworth Real Estate Group
Investment Insights
Based on property information with market context.
This retail storefront is for sale and was formerly used as a flower and gift shop. The property includes approximately 3,800 square feet of commercial space and features frontage on two roads, supporting strong visibility for retail and other storefront-style operations. Updates reported include two new furnaces installed in 2017, a new well in 2018, exterior paint in 2019, and new front windows in 2019.
The building fronts M-15/S Ortonville Road with 152 feet and also has 141 feet of frontage on South Street, providing exposure from two highly traveled roads. Ample on-site parking is available for customers and employees.
Zoned M-15 Corridor Commercial (District C), the property offers flexibility for retail, office, service-based businesses, specialty shops, or other commercial ventures consistent with that zoning district.
The building fronts M-15/S Ortonville Road with 152 feet and also has 141 feet of frontage on South Street, providing exposure from two highly traveled roads. Ample on-site parking is available for customers and employees.
Zoned M-15 Corridor Commercial (District C), the property offers flexibility for retail, office, service-based businesses, specialty shops, or other commercial ventures consistent with that zoning district.
Key Highlights
- 3,800‑SF commercial property on busy M‑15/S. Ortonville Road with retail storefront history.
- 152 ft of frontage on M‑15/S. Ortonville Road plus 141 ft frontage on South Street.
- M‑15 Corridor Commercial (District C) zoning for retail, office, service, specialty shops, and other commercial uses.
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
$40,244
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
6.71%
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%
$804,880
$804.9K
Cap Rate 7%
$574,914
$574.9K
Cap Rate 9%
$447,156
$447.2K
Market Conditions
NOI Build-Up for 3,740 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
$62.8K $16.80/SF
− Vacancy
−$5.3K −$1.43/SF
EGI
$57.5K $15.37/SF
− OpEx
−$17.2K −$4.61/SF
NOI
$40.2K $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 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%
$804,880
Cap Rate 7%
$574,914
Cap Rate 9%
$447,156
Alternative Uses
Best Use
Retail
$574.9K
$503.1K – $670.7K
NOI $40,244 @ 7.0% cap · market cap 6.71%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$806.7K
$705.9K – $941.1K
NOI $56,468 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
246
Businesses Nearby
27k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 32%
Shops & Services 32%
Dining 28%
Groceries 7%
Tractor Supply Co.
Home Improvements & Furnishings
8,752 visits/mo
0.3 miles
A&W Restaurant
Dining
7,657 visits/mo
0.1 miles
Citgo
Shops & Services
5,210 visits/mo
0.1 miles
Chase Bank
Shops & Services
3,516 visits/mo
0.3 miles
Marsh
Groceries
1,889 visits/mo
0.4 miles
Demographics for 48462, MI
13,080
Population
5,214
Households
2.5
Avg Household Size
45
Median Age
36%
College-Educated
96%
High-School Grad
45.4 sq mi
ZIP Area
288
Density / Sq Mi
$103,739
Median Household Income
$56,490
Median Earnings
$940
Median Rent
$318,100
Median Home Value
Market
Vacancy Rate% for Retail 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?
Retail space - Retail storefront with 152 feet on M-15/S Ortonville Road plus 141 feet on South Street and ample on-site parking.
Where is this retail space located?
The property is located at 425 S Ortonville Road Ortonville, MI.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 3,800‑SF commercial property on busy M‑15/S. Ortonville Road with retail storefront history.; 152 ft of frontage on M‑15/S. Ortonville Road plus 141 ft frontage on South Street.; M‑15 Corridor Commercial (District C) zoning for retail, office, service, specialty shops, and other commercial uses.
