Gaming Retail
For Sale
$300,000
9173 Telegraph Road, Redford, MI 48239
The established business buys, sells, trades, and repairs gaming consoles and accessories.
Property Size1,100 SF
Price / SF$272.73
Days on Market143
Property Features for 9173 Telegraph Road
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Business
Additional Details
Business Included
Yes
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$1,343
Building Details
Building Size
1,100 SF
Year Built
1963
Listing Agency:
Keller Williams Professionals
Listed By:
Issa Abuaita
(313) 732-7745
Source:
Maigahomes
Added: Jun 10
Changed: Oct 29
Last Checked: Oct 29 at 2:42PM
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 Keller Williams Professionals
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This storefront comprises 1,100 square feet in a building constructed in 1963. The established gaming retail and service business handles console and accessory purchases, sales, trades, and repairs. Its equipment includes diagnostic machinery, repair parts, and retail inventory.
The business began operating in 2011 and is located on Telegraph Road in Redford, Michigan.
The business began operating in 2011 and is located on Telegraph Road in Redford, Michigan.
Key Highlights
- 1,100 square feet of storefront space
- Building constructed in 1963
- Gaming business established in 2011
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,549
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,980
$271.0K
Cap Rate 7%
$193,557
$193.6K
Cap Rate 9%
$150,544
$150.5K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$20.5K $18.60/SF
− Vacancy
−$1.1K −$1.00/SF
EGI
$19.4K $17.60/SF
− OpEx
−$5.8K −$5.28/SF
NOI
$13.5K $12.32/SF
Area
Detroit, MI
Vacancy
5.40%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,980
Cap Rate 7%
$193,557
Cap Rate 9%
$150,544
Alternative Uses
Best Use
Retail
$193.6K
$169.4K – $225.8K
NOI $13,549 @ 7.0% cap · market cap 4.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$242.7K
$212.3K – $283.1K
NOI $16,986 @ 7.0% cap · market cap 5.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
423
Businesses Nearby
182k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 38%
Dining 26%
Apparel 16%
Groceries 13%
Aldi
Groceries
23,380 visits/mo
0.1 miles
Ross Dress for Less
Apparel
18,137 visits/mo
0.2 miles
Dollar Tree
Shops & Services
17,525 visits/mo
0.3 miles
Starbucks
Dining
15,172 visits/mo
0.3 miles
Wendy's
Dining
13,962 visits/mo
0.4 miles
Demographics for 48239, MI
36,814
Population
14,869
Households
2.5
Avg Household Size
40
Median Age
23%
College-Educated
93%
High-School Grad
9.5 sq mi
ZIP Area
3,875
Density / Sq Mi
$69,373
Median Household Income
$41,113
Median Earnings
$1,355
Median Rent
$145,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - The established business buys, sells, trades, and repairs gaming consoles and accessories.
Where is this storefront property located?
The property is located at 9173 Telegraph Road Redford, MI.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 1,100 square feet of storefront space; Building constructed in 1963; Gaming business established in 2011
