Game Storefront with Repair
For Sale
$300,000
9173 Telegraph Road, Redford, MI 48239
Commercial Sale, Redford, MI
Property Size1,100 SF
Lot Size0.03 Acres
Price / SF$272.73
Days on Market93
Property Features for 9173 Telegraph Road
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Interior features
Broadband
Elementary school district
Redford
Middle school district
Redford
High school district
Redford
Directions
Located on the west side of US-24 (telegraph Road), just south of West Chicago Road and north of Joy road
Standard status
Active
APN
79 048 99 0004 702
Size
1,100 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SEC:32,32 DIST:79 A PARCEL OF LAND LOCATED IN THE PRT OF THE NE 1/4 OF THE SE 1/4 OF SEC 32, T1S R10E, REDFORD TWP, WAYN
Tax Annual Amount
1343
Legal Description
SEC:32,32 DIST:79 A PARCEL OF LAND LOCATED IN THE PRT OF THE NE 1/4 OF THE SE 1/4 OF SEC 32, T1S R10E, REDFORD TWP, WAYN
Utilities
Utilities
Cable Available
Cooling system
Central Air
Building Details
Year built
1963
Floors in Building
1
Number of units
1
Listing Agency:
Keller Williams Professionals · Keller Williams Realty
(734) 459-4700
Listed By:
Issa Abuaita
(313) 732-7745
Added: Jun 10
Changed: Aug 20
Last Checked: Sep 10 at 2:06PM
MLS# 26028344
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,100-square-foot storefront property includes an established game retail and service business focused on buying, selling, trading, and repairing gaming consoles and accessories. The operation includes a retail inventory, repair parts, diagnostic machinery, and a dedicated repair department. The building dates to 1963 and is equipped with central air, broadband, cable availability, and one bathroom.
The property is located at 9173 Telegraph Road in Redford, Michigan, within a plaza described as busy and high-visibility. The sale includes the operating business and its retail and repair equipment, with discreet visits during business hours requested to protect employee confidentiality.
The property is located at 9173 Telegraph Road in Redford, Michigan, within a plaza described as busy and high-visibility. The sale includes the operating business and its retail and repair equipment, with discreet visits during business hours requested to protect employee confidentiality.
Key Highlights
- Established gaming retail and repair business operating since 2011
- 1,100‑square‑foot storefront on 0.03 acres
- Specialized repair department with diagnostic machinery and repair parts
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
$13,549
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
4.52%
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%
$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
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
$20.5K $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 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%
$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.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Storefront property - Established retail business with inventory, repair equipment, and console service operations in a Telegraph Road plaza.
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: Established gaming retail and repair business operating since 2011; 1,100‑square‑foot storefront on 0.03 acres; Specialized repair department with diagnostic machinery and repair parts
