Mixed-Use Property with Office and
New
For Sale
$1,600,000
6252 Monroe Boulevard, Taylor, MI 48180
Updated office space and a flexible warehouse support a range of business operations.
Property Size20,027 SF
Lot Size2.35 Acres
Price / SF$79.89
Days on Market2
Property Features for 6252 Monroe Boulevard
General Information
Standard status
Active
Size
20,027 SF
Lot size
2.35 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1952
Buildings
1
Listing Agency:
Keller Williams Legacy
Listed By:
Valentine Jaafar
(313) 779-5524
Source:
Katie-k
Added: Sep 10
Last Checked: Sep 10 at 3:14PM
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 Keller Williams Legacy
Investment Insights
Based on property information with market context.
This 20,027-square-foot mixed-use commercial property combines an updated office suite with warehouse space on a 2.35-acre site. The office component includes six private offices and a reception area, providing a modern, functional setting for business operations. At the rear, the warehouse offers an open layout that can accommodate storage, distribution, light industrial activity, or other operational needs.
Built in 1952, the property is located just off Monroe Street near the I-94 corridor, providing access to a major transportation route. Its combination of office and warehouse improvements supports both owner-occupancy and investment use while maintaining flexibility for different commercial operations.
Built in 1952, the property is located just off Monroe Street near the I-94 corridor, providing access to a major transportation route. Its combination of office and warehouse improvements supports both owner-occupancy and investment use while maintaining flexibility for different commercial operations.
Key Highlights
- 2.35‑acre mixed‑use commercial property
- 20,027‑square‑foot building
- Updated office suite with six private offices and reception area
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
$125,899
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
7.87%
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%
$2,517,980
$2.5M
Cap Rate 7%
$1,798,557
$1.8M
Cap Rate 9%
$1,398,878
$1.4M
Market Conditions
NOI Build-Up for 20,027 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
$153.8K $7.68/SF
− Vacancy
−$5.7K −$0.28/SF
EGI
$148.1K $7.40/SF
− OpEx
−$22.2K −$1.11/SF
NOI
$125.9K $6.29/SF
Area
Wayne County, MI
Vacancy
3.70%
Lease Rate
$7.68 /SF/Yr
Expense Ratio
15.00%
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%
$2,517,980
Cap Rate 7%
$1,798,557
Cap Rate 9%
$1,398,878
Alternative Uses
Best Use
Mixed Use
$3.40M
$2.97M – $3.97M
NOI $237,921 @ 7.0% cap · market cap 14.87%
Second Best
Warehouse
$1.80M
$1.57M – $2.10M
NOI $125,899 @ 7.0% cap · market cap 7.87%
Theoretical Best
Specialty Retail
$3.71M
$3.24M – $4.33M
NOI $259,550 @ 7.0% cap · market cap 16.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
365
Businesses Nearby
Explore this area
Business Placement
Demographics for 48180, MI
63,409
Population
26,741
Households
2.4
Avg Household Size
39
Median Age
16%
College-Educated
87%
High-School Grad
23.6 sq mi
ZIP Area
2,687
Density / Sq Mi
$59,537
Median Household Income
$40,090
Median Earnings
$1,036
Median Rent
$141,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Updated office space and a flexible warehouse support a range of business operations.
Where is this mixed-use property located?
The property is located at 6252 Monroe Boulevard Taylor, MI.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 2.35‑acre mixed‑use commercial property; 20,027‑square‑foot building; Updated office suite with six private offices and reception area
