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    17525 Eureka Rd Southgate, MI 48195

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    17525 Eureka Rd Southgate, MI 48195

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    • Lifestyle centers
    Off-Market
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    Cap Rate Potential
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    Current Use by Public Records

    • Great Deal Roll-Off Services / Waste Management Facility

    Property Details for 17525 Eureka Rd

    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional retail property, located at 17525 Eureka Road in Southgate, Michigan, offers 2,460 square feet of prime commercial space. Situated in Wayne County, this single-tenant building presents a fantastic opportunity for businesses seeking high visibility and accessibility. The property's location on Eureka Road ensures significant foot and vehicle traffic, providing excellent exposure to potential customers. The building is classified as a retail strip center/shopping center, making it ideal for a variety of retail uses. The property's address is easily accessible and well-suited for attracting a diverse customer base. This is a single-tenant property, offering a streamlined and efficient business environment. The property's zip code is 48195. The precise geographic coordinates are latitude 42.19795302989546 and longitude -83.22217183910567. This presents a unique opportunity for a business to establish a strong presence in a thriving Southgate community. The property's size and location make it an attractive investment for businesses seeking to expand or establish a new location in a high-traffic area. Further details are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Southgate
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2222
    Latitude
    42.198

    Comparable in this City

    • Value Estimation by Request
      3,436 SF

      14350 Eureka Rd, Unit 14366

      MINI-MALL • 3,436 SF
      14350 Eureka Rd, Southgate, MI 48195-2057
      View Details
    • Value Estimation by Request
      3,840 SF

      13506 Northline Rd

      SHOPPING CENTER, STRIP CENTER • 3,840 SF
      13506 Northline Rd, Southgate, MI 48195-1080
      View Details
    • Value Estimation by Request
      6,957 SF

      14521 Eureka Rd

      SHOPPING CENTER, STRIP CENTER • 6,957 SF
      14521 Eureka Rd, Southgate, MI 48195-2064
      View Details
    • Value Estimation
      $800,000
      16,685 SF

      14441 Eureka Rd

      SHOPPING CENTER, STRIP CENTER • 16,685 SF
      14441 Eureka Rd, Southgate, MI 48195-2064
      View Details
    • Value Estimation
      $880,000
      23,800 SF

      11125 Allen Rd

      SHOPPING CENTER, STRIP CENTER • 23,800 SF
      11125 Allen Rd, Southgate, MI 48195-3331
      View Details
    • Value Estimation by Request
      3,010 SF

      14400 Eureka Rd

      SHOPPING CENTER, STRIP CENTER • 3,010 SF
      14400 Eureka Rd, Southgate, MI 48195-2058
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Dix-Toledo Shopping Center for Sale

      91% leased community shopping center with national tenant base.
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      Northline Road Commercial Property

      Commercial property located on Northline Road by Dix Toledo Road.
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    • $475,000
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      Turnkey Laundromat Business and Real Estate

      Profitable laundromat with real estate and expansion lots included.
      13293 Northline Rd, Southgate, MI 48195
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    • $2,700,000

      Southgate Retail Opportunity For Sale

      Multi-tenant retail property in Southgate, MI, with strong demographics.
      16215 Dix Toledo Rd, Southgate, MI 48195
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    • $995,000
      6,917 SF

      Freestanding Retail Property in Southgate

      High-traffic location with excellent visibility and accessibility.
      19400 Northline Rd, Southgate, MI 48195
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    • $700,000

      Eureka Road Commercial Space Available

      3,825 SF commercial space with high visibility on Eureka Rd.
      19363 Eureka Rd, Southgate, MI 48195
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail/Restaurant Space For Lease

      Retail and restaurant spaces available for lease.
      14980 Dix Toledo Rd, Southgate, MI 48195
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    • $1,750 /Mo

      Renovated Commercial Space Available

      Fully renovated, flexible commercial space suitable for various businesses.
      13665 Northline Rd, Southgate, MI 48195
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    • $187 SF/Yr
      1,000 SF

      Southgate Retail Space: Prime Location

      1,000 sq ft Retail Space - Immediate Occupancy
      13256 Northline Rd, Southgate, MI 48195
      View Details
    • $1,750 /Mo

      Renovated Commercial Space Available

      Turn-key commercial space, fully renovated in 2025.
      13625 Northline Rd, Southgate, MI 48195
      View Details
    • Contact for pricing

      Established Shopping Center Retail Space

      Retail space available in established shopping center with national tenants.
      & Dix-Toledo Swc Eureka Rd, Southgate, MI 48195
      View Details
    • Contact for pricing
      34,019 SF

      Retail Center on Eureka Road

      Retail center in a high-traffic downriver retail corridor.
      14155 Eureka Rd, Southgate, MI 48195
      View Details
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    17525 Eureka Rd
    Southgate, MI 48195
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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