Office-Building Sundry
For Sale
Contact for pricing
888 W Big Beaver Road, Troy, MI 48084
Equipped convenience operation positioned within an office-building setting.
Property Size1,229 SF
Price / SF$122.05
Days on Market14
Property Features for 888 W Big Beaver Road
General Information
Standard status
Active
Size
1,229 SF
Total Parking Spaces
200
Property subtype
Special Purpose
Lease Type
Gross
Investment Type
Owner/User
Additional Details
Business Included
Yes
Building Details
Year Built
2022
Year Renovated
2022
Buildings
1
Units
1
Tenancy
Multi
Listing Agency:
CENTURY 21 Professionals
Listed By:
Claudia Bahri Shamo · License #6506046825
Source:
Crexi
Added: Jul 27
Changed: Aug 3
Last Checked: Aug 7 at 7:37AM
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 Professionals
Investment Insights
Based on property information with market context.
The 1,229-square-foot sundry shop operates within an office building at 888 W Big Beaver Road in Troy, Michigan. The premises were built in 2022 and are described as fully equipped and organized for continued operation. The business is offered for sale with inventory excluded from the transaction. Showings are available by scheduled appointment, and the business and its employees should not be disturbed outside the approved showing process.
Key Highlights
- 1,229‑square‑foot sundry shop
- Located inside an office building
- Built in 2022
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
$13,225
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
8.82%
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%
$264,500
$264.5K
Cap Rate 7%
$188,929
$188.9K
Cap Rate 9%
$146,944
$146.9K
Market Conditions
NOI Build-Up for 1,229 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
$20.6K $16.80/SF
− Vacancy
−$1.8K −$1.43/SF
EGI
$18.9K $15.37/SF
− OpEx
−$5.7K −$4.61/SF
NOI
$13.2K $10.76/SF
Area
Oakland County, MI
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
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%
$264,500
Cap Rate 7%
$188,929
Cap Rate 9%
$146,944
Alternative Uses
Best Use
Specialty Retail
$265.1K
$232.0K – $309.3K
NOI $18,556 @ 7.0% cap · market cap 12.37%
Second Best
Retail
$188.9K
$165.3K – $220.4K
NOI $13,225 @ 7.0% cap · market cap 8.82%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,071
Businesses Nearby
192k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 66%
Shops & Services 24%
Hotels & Casinos 5%
Electronics 4%
Yard House
Dining
30,168 visits/mo
0.1 miles
BP
Shops & Services
28,977 visits/mo
0.2 miles
Seasons 52
Dining
14,323 visits/mo
0.1 miles
Shake Shack
Dining
13,242 visits/mo
0.0 miles
Chipotle Mexican Grill
Dining
8,965 visits/mo
0.2 miles
Demographics for 48084, MI
16,364
Population
7,402
Households
2.2
Avg Household Size
37
Median Age
73%
College-Educated
99%
High-School Grad
6.2 sq mi
ZIP Area
2,639
Density / Sq Mi
$106,004
Median Household Income
$71,494
Median Earnings
$1,648
Median Rent
$420,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Equipped convenience operation positioned within an office-building setting.
Where is this grocery and convenience store located?
The property is located at 888 W Big Beaver Road Troy, MI.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 1,229‑square‑foot sundry shop; Located inside an office building; Built in 2022
