Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    18918 Telegraph Rd Brownstown, MI 48174
    Back to Search
    Property profile & analytics

    18918 Telegraph Rd Brownstown, MI 48174

    View on Map
    • Retail properties & Spaces
    • 8,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Family Dollar / Discount Store

    Property Details for 18918 Telegraph Rd

    Year built
    2012
    Property size
    8,000 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional 8,000-square-foot retail space, formerly a Family Dollar, presents a unique opportunity for a discerning business owner. Situated on a 0.97-acre lot in Wayne County, this single-tenant building boasts a desirable location on Telegraph Road, just north of Sibley Road. Built in 2012, the property benefits from high visibility and excellent access, enhanced by its proximity to a recently constructed (2022) Taco Bell to the north and a CVS pharmacy to the south, providing significant cross-traffic potential. The building itself is clean and open, offering a versatile layout ready for immediate occupancy. The property features prominent monument signage on Telegraph Road, ensuring maximum brand exposure. The zoning designation is B-2; Community Business, allowing for a wide range of commercial uses. The building's ample square footage, combined with its strategic location and convenient access, makes it an ideal space for a variety of retail businesses seeking a high-traffic location. This is a rare opportunity to acquire a well-maintained, freestanding building in a thriving commercial area. The property is ready for immediate use, offering a turnkey solution for businesses seeking a strong foothold in a busy retail corridor. All 8,000 square feet are currently vacant.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Brownstown
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2678
    Latitude
    42.1683

    Comparable in this City

    • Value Estimation by Request
      8,150 SF

      9219 Wayne Rd

      Retail properties & Spaces • 8,150 SF
      9219 Wayne Rd, Romulus, MI 48174
      View Details
    • Value Estimation by Request
      0.50 Acres

      32870 Wick Rd

      Land • 0.50 Acres
      32870 Wick Rd, Romulus, MI 48174
      View Details
    • Value Estimation by Request

      32870 Wick Rd

      Land
      32870 Wick Rd, Romulus, MI 48174
      View Details
    • Value Estimation by Request
      3.64 Acres

      Of Of Merriman

      Retail properties & Spaces • 3.64 Acres
      0 Of Of Merriman, Wayne, MI 48174
      View Details
    • Value Estimation by Request
      1,200 SF

      7559 Merriman Rd

      Retail properties & Spaces • 1,200 SF
      7559 Merriman Rd, Romulus, MI 48174
      View Details
    • Value Estimation by Request
      8,000 SF

      18918 Telegraph Rd

      Individual retail properties • 8,000 SF
      18918 Telegraph Rd, Brownstown Charter Township, MI 48174
      View Details

    Similar Nearby for Sale

    • $2,990,000
      117.74 Acres

      Romulus Land with Golf Course

      117-acre property with golf course, clubhouse, restaurant, and residential lots.
      20820 Inkster Rd, Romulus, MI 48174
      View Details
    • $2,990,000
      5,000 SF

      Romulus Golf Course and Restaurant

      117-acre Romulus property with golf course, clubhouse, and restaurant.
      20820 Inkster Rd, Romulus, MI 48174
      View Details
    • Contact for pricing

      Land Available For Sale

      Land available for sale in Romulus, Michigan.
      32870 Wick Rd, Romulus, MI 48174
      View Details
    • Contact for pricing
      5,490 SF

      Romulus Retail Investment Opportunity

      Single-tenant retail property near Detroit Airport with high traffic.
      8210 Merriman Rd, Romulus, MI 48174
      View Details
    • $700,000

      Romulus Retail Building For Sale

      14,890 SF building in downtown Romulus with mixed-use potential.
      36521 Goddard Rd, Romulus, MI 48174
      View Details
    • $399,000
      2,604 SF

      Commercial Building in Romulus, MI

      Commercial building with showroom, office, and warehouse space for sale.
      36050 Goddard Rd, Romulus, MI 48174
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Romulus Land For Lease

      Land available for lease in Romulus, Michigan.
      32870 Wick Rd, Romulus, MI 48174
      View Details
    • Contact for pricing

      Retail Space with Drive-Thru

      Proposed retail space with drive-thru at a hard corner.
      24000 Sibley Rd, Romulus, MI 48174
      View Details
    • Contact for pricing

      Romulus Commercial Space For Rent

      Commercial space near Detroit Metro Airport available for rent.
      30739 Eureka Rd, Romulus, MI 48174
      View Details
    • Contact for pricing

      Retail Space in Leonardo Plaza

      Retail space available in Leonardo Plaza near Metro Airport.
      7559 Merriman Rd, Romulus, MI 48174
      View Details
    • Contact for pricing

      Brownstown Retail/Automotive/Parking Opportunity

      Retail, automotive, or parking lot opportunity in Brownstown.
      20840 Telegraph Rd, Brownstown, MI 48174
      View Details
    • Contact for pricing

      Retail Space in Tel-King Plaza

      2,100 SF retail unit available in Brownstown Township.
      20840 Telegraph Rd, Brownstown, MI 48174
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    18918 Telegraph Rd
    Brownstown, MI 48174
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    18918 Telegraph Rd, Brownstown, MI, 48174
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!