Horizon Business Center
For Sale
Contact for pricing
20500 Eureka Rd, Taylor, MI 48180
Office building for sale in Taylor, Michigan.
Property Size41,297 SF
Price / SF$96.86
Days on Market665
Property Features for 20500 Eureka Rd
General Information
Standard status
Active
Size
41,297 SF
Class
C
Property subtype
Office
Building Details
Year Built
1988
Listing Agency:
NAI Farbman Southfield
Listed By:
John Harwood · License #MI 6502136733
(734) 755-0488
Source:
Crexi
Added: Dec 10, 2024
Changed: Sep 28
Last Checked: Oct 5 at 4:04PM
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 NAI Farbman Southfield
Investment Insights
Based on property information with market context.
The Horizon Business Center East, located at 20500 Eureka Rd in Taylor, Michigan, is a commercial property available for sale. This office building offers 41297 square feet of space.
Key Highlights
- Located in Horizon Business Center East
- Address: 20500 Eureka Rd
- Year Built: 1988
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$142,165
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,843,300
$2.8M
Cap Rate 7%
$2,030,929
$2.0M
Cap Rate 9%
$1,579,611
$1.6M
Market Conditions
NOI Build-Up for 41,297 SF
Gross rent
$247.8K $6.00/SF
− Vacancy
−$58.2K −$1.41/SF
EGI
$189.6K $4.59/SF
− OpEx
−$47.4K −$1.15/SF
NOI
$142.2K $3.44/SF
Area
Wayne County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,843,300
Cap Rate 7%
$2,030,929
Cap Rate 9%
$1,579,611
Alternative Uses
Best Use
Office B
$2.03M
$1.78M – $2.37M
NOI $142,165 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.65M
$6.69M – $8.92M
NOI $535,209 @ 7.0% cap · market cap 13.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
390
Businesses Nearby
Explore this area
Business Placement
Demographics for 48180, MI
63,409
Population
26,741
Households
2.4
Avg Household Size
39
Median Age
16%
College-Educated
87%
High-School Grad
23.6 sq mi
ZIP Area
2,687
Density / Sq Mi
$59,537
Median Household Income
$40,090
Median Earnings
$1,036
Median Rent
$141,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Office building for sale in Taylor, Michigan.
Where is this office building located?
The property is located at 20500 Eureka Rd Taylor, MI.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Located in Horizon Business Center East; Address: 20500 Eureka Rd; Year Built: 1988
