8200 Gratiot Ave Detroit, MI 48213
Retail space available for purchase in Detroit, Michigan.
- Added:
- Oct 16, 2023
- Days on Market:
- 999
- Last Refresh:
- May 12 at 11:37 pm
Property Features for 8200 Gratiot Ave
General Information
- Standard status
- Active
- Size
- 1,935 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1970
Listing office Signature Associates Warren (248) 359-0615
Listing date Oct 16, 2023
Source Crexi
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 Signature Associates Warren
Investment Insights
Based on property information with market context.
Key Highlights
- For sale
- Year Built: 1970
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.0k | $18.60 |
| − Vacancy | −$1.9k | −$1.00 |
| EGI | $34.0k | $17.60 |
| − OpEx | −$10.2k | −$5.28 |
| NOI | $23.8k | $12.32 |
