1655 Glengary Rd, Walled Lake, MI 48390
Freestanding retail building suitable for multiple uses.
- Added:
- Aug 24, 2023
- Days on Market:
- 1048
- Last Refresh:
- Jun 27 at 1:32 pm
Property Features for 1655 Glengary Rd
General Information
- Standard status
- Active
- Size
- 2,464 SF
- Lot size
- 0.88 Acres
- Property subtype
- Retail
Listing office Insite Commercial (248) 359-9000
Listing date Aug 24, 2023
Source Crexi
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 Insite Commercial
HighLights
- Free‑standing retail building on 0.88 acres.
- Parking lot fully replaced in 2023.
- Allows for multiple uses such as Day Care, Hardware Store, Bakery, Hair Salon, or Office.
- Abundance of parking.
- Visible monument sign.
- Full basement.
Overview
Local Financial Insights For Healthcare Medical
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 | $62.1k | $25.20 |
| − Vacancy | −$6.5k | −$2.65 |
| EGI | $55.6k | $22.55 |
| − OpEx | −$22.2k | −$9.02 |
| NOI | $33.3k | $13.53 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Walled Lake
- County
- Oakland
- State
- Michigan
- Longitude
- -83.5014301
- Latitude
- 42.5612798
