Commercial Building on Telegraph
5347 S TELEGRAPH Road, Dearborn Heights, MI 48125
For Sale
Contact for pricing
Commercial building with high visibility and ample parking.
Property Size791 SF
Lot Size0.15 Acres
Price / SF$1.64
Days on Market615
Property Features for 5347 S TELEGRAPH Road
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Listing Agency:
Century 21 Curran & Oberski
Listed By:
Donald Lorincz · License MI #6502375422
(313) 274-1700
Source:
Exitrealty
Added: Mar 6, 2025
Changed: Aug 28
Last Checked: Aug 25 at 9:41AM
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 Century 21 Curran & Oberski
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial building is located on Telegraph Road in a high-traffic area. The property is zoned for commercial use and includes parking for 18 cars. The 791 square foot building features an open office space, a bathroom, and a mechanical room. It has both front and back doors for access. A large, permanent business sign is included. The space benefits from numerous windows, providing a bright environment. The property is located near I-94. The property is suitable for a law firm, accounting firm, insurance agency, or retail business.
Key Highlights
- High‑traffic location on Telegraph Rd with excellent visibility.
- Zoned for commercial use, suitable for various businesses.
- Parking for 18 cars.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,723
Suggested Prices Based on Cap Rates
Cap Rate 5%
$54,460
$54.5K
Cap Rate 7%
$38,900
$38.9K
Cap Rate 9%
$30,256
$30.3K
Market Conditions
NOI Build-Up for 791 SF
Gross rent
$4.7K $6.00/SF
− Vacancy
−$1.1K −$1.41/SF
EGI
$3.6K $4.59/SF
− OpEx
−$908 −$1.15/SF
NOI
$2.7K $3.44/SF
Area
Wayne County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$54,460
Cap Rate 7%
$38,900
Cap Rate 9%
$30,256
Alternative Uses
Best Use
Office B
$38.9K
$34.0K – $45.4K
NOI $2,723 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$146.4K
$128.1K – $170.9K
NOI $10,251 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
335
Businesses Nearby
Explore this area
Business Placement
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
$119,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Wayne County, MI
Properties on Market for Office Units in Wayne County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Commercial building with high visibility and ample parking.
Where is this office unit located?
The property is located at 5347 S TELEGRAPH Road Dearborn Heights, MI.
What are key features of this property?
This property features: High‑traffic location on Telegraph Rd with **excellent visibility**.; Zoned for commercial use, suitable for various businesses.; Parking for 18 cars.
