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    12730 Seven Mile Rd Detroit, MI 48235

    Sponsored
    For Sale
    $930,000

    Fully Leased, High-Cap Rate Retail Building

    Property size:
    3,563 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a fully leased, three-tenant retail building situated at 12730 West 7 Mile Road in Detroit, Michigan. The property boasts a total of 3,563 square feet, currently occupied at 100% capacity by Boost, Exotic Cloudz, and Floral Gardens. Each tenant holds a lease with a minimum of five to ten years remaining, secured by personal or corporate guarantees, ensuring a stable and predictable income stream. The building's prime location on 7 Mile Road and Meyers, across from the only Home Depot in Detroit, benefits from high population density and significant foot traffic. The property offers a compelling 8.60% capitalization rate and a strong net operating income (NOI) of $76,775, making it an attractive addition to any investment portfolio. The asking price is $930,000, translating to a price per square foot of $261.02. This is a newly developed, turnkey investment property, requiring no immediate tenant acquisition or vacancy management. The property's strong tenant roster, favorable lease terms, and strategic location in a high-density area of Detroit combine to create a highly desirable investment opportunity with significant potential for long-term growth and return. The property is a triple-net (NNN) lease, meaning tenants are responsible for property taxes, insurance, and maintenance. This minimizes the owner's operational responsibilities and maximizes passive income potential. The zip code is 48235.

    Property Features for 12730 Seven Mile Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,563 SF

    Building Details

    Units
    3

    HighLights

    • $930,000 asking price for a 3,563 square foot retail property.
    • NNN lease structure with three tenants (Boost, Exotic Cloudz, Floral Gardens).
    • 100% occupancy with a strong 8.60% cap rate and $76,775 NOI.
    • Located at 12730 W 7 Mile Rd, Detroit, MI 48235, across from a Home Depot.
    • Tenants have long‑term leases (5‑10 years remaining) with personal/corporate guarantees.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.171822885836
    Latitude
    42.431530851743

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    FAQs

    What type of property is this?
    Individual retail property - Fully Leased, High-Cap Rate Retail Building
    Where is this individual retail property located?
    The property is located at 12730 Seven Mile Rd Detroit, MI.
    What is the asking price?
    The asking price for this property is $930,000.
    What are key features of this property?
    This property features: $930,000 asking price for a 3,563 square foot retail property.; NNN lease structure with three tenants (Boost, Exotic Cloudz, Floral Gardens).; 100% occupancy with a strong 8.60% cap rate and $76,775 NOI.
    (248) 406-1761
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    12730 Seven Mile Rd Detroit, MI 48235
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    Detroit, MI 48235
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12730 Seven Mile Rd Detroit, MI 48235
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