Mixed-Use Property in Ferndale,
For Sale
Contact for pricing
Pending
695 Livernois St, Ferndale, MI 48220
Mixed-use property offering residential and commercial opportunities in Ferndale.
Property Size3,986 SF
Days on Market819
Property Features for 695 Livernois St
General Information
Standard status
Pending
Size
3,986 SF
Class
A
Property subtype
Multifamily
Zoning
Mixed Use 2
Investment Type
Owner/User
Net Operating Income
$96,900
Building Details
Year Built
1942
Buildings
1
Stories
2
Units
4
Listing Agency:
Real Estate One
Listed By:
Katherine Kutscher · License #6501449129
Source:
Crexi
Added: May 15, 2024
Changed: Aug 8
Last Checked: Aug 8 at 4:06AM
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 Real Estate One
Investment Insights
Based on property information with market context.
This mixed-use property offers a blend of residential and commercial opportunities. The multi-unit property features mixed-use zoning, suitable for various ventures such as a storefront, salon, law office, boutique hotel, or Airbnb. The property offers modern living spaces, creating a live-work-play environment. This property is located in a spirited neighborhood in Michigan. The property size is 3986 square feet.
Key Highlights
- Mixed‑use zoning allows for diverse commercial and residential opportunities.
- Suitable for both residential living and commercial ventures, ideal for young professionals or investors.
- Offers stylish, modern living spaces.
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
$48,893
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
4.66%
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%
$977,860
$977.9K
Cap Rate 7%
$698,471
$698.5K
Cap Rate 9%
$543,256
$543.3K
Market Conditions
NOI Build-Up for 3,986 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
$92.8K $23.28/SF
− Vacancy
−$3.9K −$0.98/SF
EGI
$88.9K $22.30/SF
− OpEx
−$40.0K −$10.04/SF
NOI
$48.9K $12.27/SF
Area
Oakland County, MI
Vacancy
4.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
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%
$977,860
Cap Rate 7%
$698,471
Cap Rate 9%
$543,256
Alternative Uses
Best Use
Apartment 5plus
$698.5K
$611.2K – $814.9K
NOI $48,893 @ 7.0% cap · market cap 4.66%
Second Best
Retail
$612.7K
$536.1K – $714.9K
NOI $42,891 @ 7.0% cap · market cap 4.08%
Theoretical Best
Specialty Retail
$859.7K
$752.3K – $1.00M
NOI $60,182 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,292
Businesses Nearby
Explore this area
Business Placement
Demographics for 48220, MI
21,564
Population
12,003
Households
1.8
Avg Household Size
37
Median Age
53%
College-Educated
96%
High-School Grad
4.4 sq mi
ZIP Area
4,901
Density / Sq Mi
$86,095
Median Household Income
$54,557
Median Earnings
$1,191
Median Rent
$229,700
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property offering residential and commercial opportunities in Ferndale.
Where is this mixed-use property located?
The property is located at 695 Livernois St Ferndale, MI.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Mixed‑use zoning allows for diverse commercial and residential opportunities.; Suitable for both residential living and commercial ventures, ideal for young professionals or investors.; Offers stylish, modern living spaces.
