Fully Leased Detroit New
12730 W 7 Mile Rd Detroit, MI 48235
12730 W 7 Mile Rd, Detroit, MI, 48235
Contact for pricing
For Sale
Contact for pricing
Turnkey investment opportunity in Detroit's growing real estate market.
Property Size3,563 SF
Price / SF$261.02
Days on Market1081
Property Features for 12730 W 7 Mile Rd
General Information
- Standard status
- Active
- Size
- 3,563 SF
- Property subtype
- Retail
Listing agency
Keystone Commercial Real Estate
(248) 406-1761
Listed by
Kathleen Garmo · License #MI
Source
Crexi
Added: Aug 8, 2023 Updated: Jul 10 at 11:20AM Checked: Jul 22 at 2:56PM
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 Keystone Commercial Real Estate
Investment Insights
Based on property information with market context.
Located at 12730 West 7 Mile Road in Detroit, MI, this fully leased new development offers a total of 3,563 square feet of space. The property's modern and stylish design is intended to attract a wide range of businesses, with a versatile layout that can accommodate various industries, from retail to office space. The property benefits from a convenient location near major highways and popular amenities, offering accessibility and convenience for both tenants and customers. The fully leased tenant roster provides steady cash flow from day one, making it a turnkey investment.
Key Highlights
- Fully Leased: Provides immediate and steady cash flow.
- New Development: Features modern design and construction.
- Prime Location: Situated on West 7 Mile Road in Detroit, offering accessibility and convenience.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.2k | $13.80 |
| − Vacancy | −$4.2k | −$1.17 |
| EGI | $45.0k | $12.63 |
| − OpEx | −$13.5k | −$3.79 |
| NOI | $31.5k | $8.84 |
3,563 SF · lease $13.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$449.9K
$393.7K – $524.9K
NOI $31,493 @ 7.0% cap · market cap 3.39%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$505.1K
$441.9K – $589.2K
NOI $35,354 @ 7.0% cap · market cap 3.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Turnkey investment opportunity in Detroit's growing real estate market.
Where is this retail space located?
The property is located at 12730 W 7 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: Fully Leased: Provides immediate and steady cash flow.; New Development: Features modern design and construction.; Prime Location: Situated on West 7 Mile Road in Detroit, offering accessibility and convenience.
