Building Details

Building Size 1,830 SF

Year Built 1968

Buildings 1

Stories 1

Listing Agency: Pilot Property Group

Listed By: Tony Cavataio Show Phone

Source: Cpix.resimplifi

Added: Oct 1 Changed: Oct 3 Last Checked: Oct 5 at 3:08PM

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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 Pilot Property Group

Investment Insights

Based on property information with market context.

This 1,830-square-foot commercial property was built in 1968 and is zoned LC. Its NNN lease structure includes tenant reimbursements and limits landlord responsibilities.

Key Highlights

• 1,830‑square‑foot property built in 1968
• LC zoning
• NNN lease structure with tenant reimbursements and limited landlord responsibilities

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,527

Cap Rate

3.39%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$270,540 $270.5K

Cap Rate 7%

$193,243 $193.2K

Cap Rate 9%

$150,300 $150.3K

Market Conditions

NOI Build-Up for 1,830 SF

Gross rent

$22.0K $12.00/SF

− Vacancy

−$2.6K −$1.44/SF

EGI

$19.3K $10.56/SF

− OpEx

−$5.8K −$3.17/SF

NOI

$13.5K $7.39/SF

Area

Macomb County, MI

Vacancy

12.00%

Lease Rate

$12.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$270,540

Cap Rate 7%

$193,243

Cap Rate 9%

$150,300

Alternative Uses

Best Use

Retail

$193.2K

$169.1K – $225.5K (±1% cap)

NOI $13,527 @ 7.0% cap · market cap 3.39%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$342.6K

$299.8K – $399.7K (±1% cap)

NOI $23,982 @ 7.0% cap · market cap 6.01%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Building Supply Garden Center Law Firm Carpet & Flooring Store Plumbing Service Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

14

Businesses Nearby

Explore this area Business Placement

Demographics for 48095, MI

5,585

Population

2,086

Households

2.7

Avg Household Size

45

Median Age

36%

College-Educated

97%

High-School Grad

17.0 sq mi

ZIP Area

329

Density / Sq Mi

$121,713

Median Household Income

$52,726

Median Earnings

$796

Median Rent

$393,200

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this nnn properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

NNN property - Tenant reimbursements are part of a lease structure with limited landlord responsibilities.

Where is this nnn property located?

The property is located at 64115 Van Dyke Ave Washington, MI.

What is the asking price?

The asking price for this property is $399,000.

What are key features of this property?

This property features: 1,830‑square‑foot property built in 1968; LC zoning; NNN lease structure with tenant reimbursements and limited landlord responsibilities