Taylor Retail Property For
9100 Telegraph Rd, Taylor, MI
For Sale
Contact for pricing
Retail property in Taylor, MI, with high traffic volume.
Property Size16,785 SF
Lot Size1.23 Acres
Price / SF$304.89
Days on Market880
Property Features for 9100 Telegraph Rd
General Information
Standard status
Size
Lot size
Property subtype
Listing Agency:
Pharma Property Group
Listed By:
Jason Stuart Pongsrikul · License MI #01918332
(619) 297-0055
Source:
Moodyscre
Added: Jun 14, 2024
Changed: Oct 25
Last Checked: Nov 8 at 8:40AM
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 Pharma Property Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The retail property is located on the corner of Telegraph Road and Wick Road, just south of I-94, which has a traffic volume of 155,000 vehicles per day. The combined traffic count on Telegraph Road and Wick Road is 66,422 vehicles per day. Beaumont Hospital, with 148 beds and 1,094 employees, is one block south of the property. Detroit Metropolitan Airport is approximately 4 miles east, with 36.7 million annual passengers and over 1,100 flights daily. The surrounding area includes over 16 million square feet of industrial space within a 3-mile radius and 2.3 million square feet of retail space within a 2-mile radius. The property is located in an infill Detroit Metro area with over 244,000 residents within 97,686 households in a 5-mile radius, with an average household income of $71,255. The property size is 16,785 square feet. The lease allows for 5% rental increases every five years through 2049.
Key Highlights
- High traffic location: Corner of Telegraph Road and Wick Road with 66,422 vehicles per day.
- Strong demographics: Over 244,000 residents in 97,686 households within a 5‑mile radius.
- Proximity to Beaumont Hospital: Located one block south of Beaumont Hospital.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$217,534
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,350,680
$4.4M
Cap Rate 7%
$3,107,629
$3.1M
Cap Rate 9%
$2,417,044
$2.4M
Market Conditions
NOI Build-Up for 16,785 SF
Gross rent
$302.1K $18.00/SF
− Vacancy
−$12.1K −$0.72/SF
EGI
$290.0K $17.28/SF
− OpEx
−$72.5K −$4.32/SF
NOI
$217.5K $12.96/SF
Area
Wayne County, MI
Vacancy
4.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,350,680
Cap Rate 7%
$3,107,629
Cap Rate 9%
$2,417,044
Alternative Uses
Best Use
Specialty Retail
$3.11M
$2.72M – $3.63M
NOI $217,534 @ 7.0% cap · market cap 4.25%
Second Best
Retail
$2.27M
$1.99M – $2.65M
NOI $159,041 @ 7.0% cap · market cap 3.11%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
502
Businesses Nearby
71k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 62%
Shops & Services 32%
Electronics 6%
Tim Hortons
Dining
11,774 visits/mo
0.2 miles
BP
Shops & Services
11,481 visits/mo
0.2 miles
Little Caesars Pizza
Dining
7,263 visits/mo
0.4 miles
Burger King
Dining
7,097 visits/mo
0.3 miles
Wingstop
Dining
6,934 visits/mo
0.2 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Wayne County, MI
Properties on Market for Retail space in Wayne County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Retail property in Taylor, MI, with high traffic volume.
Where is this retail space located?
The property is located at 9100 Telegraph Rd Taylor, MI.
What is the asking price?
The asking price for this property is $5,117,662.
What are key features of this property?
This property features: High traffic location: Corner of Telegraph Road and Wick Road with 66,422 vehicles per day.; Strong demographics: Over 244,000 residents in 97,686 households within a 5‑mile radius.; Proximity to Beaumont Hospital: Located one block south of Beaumont Hospital.
