Freestanding Building on Grand
For Sale
Contact for pricing
Pending
9850 E GRAND RIVER AVE, Brighton, MI 48116
Freestanding building in Brighton's retail corridor, suitable for retail/office.
Property Size2,212 SF
Days on Market102
Property Features for 9850 E GRAND RIVER AVE
General Information
Standard status
Pending
Size
2,212 SF
Class
B
Total Parking Spaces
22
Property subtype
Retail
Zoning
C2
Building Details
Year Built
1995
Year Renovated
2022
Stories
1
Units
1
Listing Agency:
KW Commercial
(586) 443-1618
Listed By:
Brigs Lulaj · License #MI 6501448878
Source:
Crexi
Added: May 22
Changed: Aug 8
Last Checked: Jul 24 at 5:19PM
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 KW Commercial
Investment Insights
Based on property information with market context.
This freestanding building is located on Grand River in Brighton's retail corridor, offering convenient access to major expressways and high visibility. The property, with a size of 2212 square feet, is suitable for both retail and office use. The open floor plan allows for customization to accommodate various business needs, providing ample space for product displays or office setups.
Key Highlights
- Prime location on Grand River in Brighton's retail corridor.
- Freestanding building offering independence and visibility.
- Easy access to major expressways for customer convenience.
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
$22,882
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
3.81%
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%
$457,640
$457.6K
Cap Rate 7%
$326,886
$326.9K
Cap Rate 9%
$254,244
$254.2K
Market Conditions
NOI Build-Up for 2,212 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
$39.8K $18.00/SF
− Vacancy
−$7.1K −$3.22/SF
EGI
$32.7K $14.78/SF
− OpEx
−$9.8K −$4.43/SF
NOI
$22.9K $10.34/SF
Area
Livingston County, MI
Vacancy
17.90%
Lease Rate
$18.00 /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%
$457,640
Cap Rate 7%
$326,886
Cap Rate 9%
$254,244
Alternative Uses
Best Use
Retail
$326.9K
$286.0K – $381.4K
NOI $22,882 @ 7.0% cap · market cap 3.81%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$352.3K
$308.3K – $411.1K
NOI $24,664 @ 7.0% cap · market cap 4.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
731
Businesses Nearby
27k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 69%
Dining 22%
Beauty & Spa 9%
Kroger Fuel Center
Shops & Services
7,003 visits/mo
0.3 miles
Mancino's Pizza & Grinders
Dining
5,959 visits/mo
0.0 miles
Citgo
Shops & Services
5,303 visits/mo
0.3 miles
AutoZone
Shops & Services
5,297 visits/mo
0.4 miles
Fantastic Sams
Beauty & Spa
2,277 visits/mo
0.1 miles
Demographics for 48116, MI
26,942
Population
12,230
Households
2.2
Avg Household Size
45
Median Age
51%
College-Educated
97%
High-School Grad
36.9 sq mi
ZIP Area
730
Density / Sq Mi
$109,606
Median Household Income
$59,173
Median Earnings
$1,229
Median Rent
$355,800
Median Home Value
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?
Retail space - Freestanding building in Brighton's retail corridor, suitable for retail/office.
Where is this retail space located?
The property is located at 9850 E GRAND RIVER AVE Brighton, MI.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Prime location on Grand River in Brighton's retail corridor.; Freestanding building offering independence and visibility.; Easy access to major expressways for customer convenience.
