Dexter Retail Space For
For Sale
Contact for pricing
7200 Dan Hoey Rd, Dexter, MI 48130
1,300 SF retail unit in Dexter Commerce Center.
Property Size1,300 SF
Price / SF$192.31
Days on Market1661
Property Features for 7200 Dan Hoey Rd
General Information
Standard status
Active
Size
1,300 SF
Property subtype
Retail
Zoning
PUD PLANNED UNIT DEVELOPMENT
Investment Type
Owner/User
Building Details
Year Renovated
2019
Buildings
1
Stories
1
Units
2
Listing Agency:
Swisher Commercial
Listed By:
Jeff Evans · License #MI 6501248033
(734) 926-0222
Source:
Crexi
Added: Apr 4, 2022
Changed: Oct 15
Last Checked: Oct 19 at 5:24AM
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 Swisher Commercial
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Investment Insights
Based on property information with market context.
This 1,300 SF unit is located within the Dexter Commerce Center, a professional center situated on the corner of Dan Hoey Road and Dexter-Ann Arbor Road. The property benefits from ample parking directly at the door. Signage opportunities include monument and above-the-door options. The location provides convenient access to I-94, M-14, and US-23, as well as downtown Dexter. Downtown Ann Arbor is a ten-minute drive to the east. The suite is available for sale.
Key Highlights
- Prime Location: Enjoy easy access to I‑94, M‑14, US‑23, downtown Dexter, and a quick ten‑minute drive to downtown Ann Arbor.
- Ample At‑The‑Door Parking: Benefit from convenient parking right at the unit.
- High‑Traffic Professional Center: Located in a busy professional center.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,677
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$353,540
$353.5K
Cap Rate 7%
$252,529
$252.5K
Cap Rate 9%
$196,411
$196.4K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$27.3K $21.00/SF
− Vacancy
−$2.0K −$1.58/SF
EGI
$25.3K $19.43/SF
− OpEx
−$7.6K −$5.83/SF
NOI
$17.7K $13.60/SF
Area
Washtenaw County, MI
Vacancy
7.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$353,540
Cap Rate 7%
$252,529
Cap Rate 9%
$196,411
Alternative Uses
Best Use
Retail
$252.5K
$221.0K – $294.6K
NOI $17,677 @ 7.0% cap · market cap 7.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$382.0K
$334.2K – $445.6K
NOI $26,738 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
327
Businesses Nearby
Explore this area
Business Placement
Demographics for 48130, MI
16,469
Population
6,316
Households
2.6
Avg Household Size
43
Median Age
67%
College-Educated
98%
High-School Grad
64.0 sq mi
ZIP Area
257
Density / Sq Mi
$131,875
Median Household Income
$56,550
Median Earnings
$1,681
Median Rent
$453,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - 1,300 SF retail unit in Dexter Commerce Center.
Where is this retail space located?
The property is located at 7200 Dan Hoey Rd Dexter, 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: Prime Location: Enjoy easy access to I‑94, M‑14, US‑23, downtown Dexter, and a quick ten‑minute drive to downtown Ann Arbor.; Ample At‑The‑Door Parking: Benefit from convenient parking right at the unit.; High‑Traffic Professional Center: Located in a busy professional center.
