6432 Woodward Ave, Detroit, MI 48202
Retail space available for purchase in Detroit, Michigan.
- Added:
- Sep 15, 2023
- Days on Market:
- 1026
- Last Refresh:
- May 12 at 9:51 pm
Property Features for 6432 Woodward Ave
General Information
- Standard status
- Active
- Size
- 5,574 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1930
Listing office Colliers - Royal Oak/Detroit, Michigan (248) 752-3762
Listing date Sep 15, 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 Colliers - Royal Oak/Detroit, Michigan
HighLights
- For sale
- Year built: 1930
Overview
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 | $103.7k | $18.60 |
| − Vacancy | −$5.6k | −$1.00 |
| EGI | $98.1k | $17.60 |
| − OpEx | −$29.4k | −$5.28 |
| NOI | $68.7k | $12.32 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.0720611
- Latitude
- 42.369045
