Freestanding Retail Building and
For Sale
$250,000
4852 S Beech Daly Street, Dearborn Heights, MI 48125
Freestanding building with an on-site parking lot and two vacant lots totaling 10,000 sq. ft.
Property Size1,200 SF
Lot Size0.23 Acres
Days on Market68
Property Features for 4852 S Beech Daly Street
General Information
Standard status
Active
Size
1,200 SF
Lot size
0.23 Acres
Property subtype
Commercial
Zoning
Commercial
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$3,139
Building Details
Building Size
1,200 SF
Year Built
1960
Listing Agency:
21 United Realty
(248) 390-0086
Listed By:
Sepehr Faridian · License #6501256840
Source:
Buyatthelake
Added: Jun 17
Changed: Aug 23
Last Checked: Aug 22 at 11:01AM
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 21 United Realty
Investment Insights
Based on property information with market context.
This offering includes the price for a freestanding building, equipment, and two vacant lots. The property includes all machines and is described as having space for the existing building to be expanded. The equipment package includes newer machines: 27 washers and 12 dryers. The sale is being offered as-is, and no books or records are available.
The building includes an on-site parking lot, and the property also includes two vacant lots. The building backs to residential properties. All showings are by appointment only, and the buyer’s agent is to verify all measurements.
Buyers should note that the listing is stated as ideal for any retail operation. Cash buyers only.
The building includes an on-site parking lot, and the property also includes two vacant lots. The building backs to residential properties. All showings are by appointment only, and the buyer’s agent is to verify all measurements.
Buyers should note that the listing is stated as ideal for any retail operation. Cash buyers only.
Key Highlights
- Freestanding building with an on‑site parking lot and two vacant lots totaling 10,000 sq. ft.
- Includes all equipment and newer machines: 27 washers and 12 dryers.
- Property includes room for the present building to be expanded.
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
$11,370
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
4.55%
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%
$227,400
$227.4K
Cap Rate 7%
$162,429
$162.4K
Cap Rate 9%
$126,333
$126.3K
Market Conditions
NOI Build-Up for 1,200 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
$17.3K $14.40/SF
− Vacancy
−$1.0K −$0.86/SF
EGI
$16.2K $13.54/SF
− OpEx
−$4.9K −$4.06/SF
NOI
$11.4K $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%
$227,400
Cap Rate 7%
$162,429
Cap Rate 9%
$126,333
Alternative Uses
Best Use
Retail
$162.4K
$142.1K – $189.5K
NOI $11,370 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$222.2K
$194.4K – $259.2K
NOI $15,552 @ 7.0% cap · market cap 6.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
253
Businesses Nearby
16k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 73%
Dining 27%
Citgo
Shops & Services
9,097 visits/mo
0.5 miles
Little Caesars Pizza
Dining
4,331 visits/mo
0.5 miles
Mobil
Shops & Services
2,791 visits/mo
0.4 miles
Demographics for 48125, MI
22,070
Population
8,791
Households
2.5
Avg Household Size
38
Median Age
16%
College-Educated
87%
High-School Grad
4.0 sq mi
ZIP Area
5,518
Density / Sq Mi
$59,534
Median Household Income
$38,241
Median Earnings
$1,298
Median Rent
$119,300
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?
Storefront property - Freestanding building with an on-site parking lot and two vacant lots totaling 10,000 sq. ft.
Where is this storefront property located?
The property is located at 4852 S Beech Daly Street Dearborn Heights, MI.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Freestanding building with an on‑site parking lot and two vacant lots totaling 10,000 sq. ft.; Includes all equipment and newer machines: 27 washers and 12 dryers.; Property includes room for the present building to be expanded.
