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    27313-27419 Telegraph Rd Flat Rock, MI 48134

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    27313-27419 Telegraph Rd Flat Rock, MI 48134

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    • Lifestyle centers
    • 135,739 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 27313-27419 Telegraph Rd

    Year built
    1978
    Property size
    135,739 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Flat Rock Plaza, located at 27313-27419 Telegraph Road in Flat Rock, Michigan (zip code 48134), presents a significant retail opportunity. This single-story, 135,739 square foot shopping center, built in 1978, offers multiple tenancy options within a thriving commercial zone. The property is zoned C-3: General Commercial and boasts 350 parking spaces for ample customer convenience. Currently, there is 38,468 square feet of vacant space available, divisible into units ranging from a minimum of 17,806 square feet to a maximum contiguous space of 20,662 square feet. This presents a unique opportunity for businesses seeking substantial space in a high-visibility location. The property's Wayne County location, with APN numbers 58-091-99-0002-003 and 58-091-99-001-701, ensures easy access to major transportation routes and a strong customer base. The property's size and layout offer flexibility for a variety of retail uses. This is an exceptional chance to establish or expand your business in a well-established and easily accessible retail center. Contact us today to learn more about leasing opportunities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Flat Rock
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2872
    Latitude
    42.1056

    Comparable in this City

    • Value Estimation by Request
      13,813 SF

      25731-25755 Telegraph Rd

      Neighborhood centers • 13,813 SF
      25731-25755 Telegraph Rd, Brownstown Charter Township, MI 48134
      View Details
    • Value Estimation by Request
      9,306 SF

      14918 Telegraph Rd

      MINI-MALL • 9,306 SF
      14918 Telegraph Rd, Flat Rock, MI 48134-9656
      View Details
    • Value Estimation
      $1,780,000
      16,459 SF

      26614 Telegraph Rd

      SHOPPING CENTER, STRIP CENTER • 16,459 SF
      26614 Telegraph Rd, Flat Rock, MI 48134-1655
      View Details
    • Value Estimation
      $645,000
      6,108 SF

      28628 Telegraph Rd

      SHOPPING CENTER, STRIP CENTER • 6,108 SF
      28628 Telegraph Rd, Flat Rock, MI 48134-1508
      View Details
    • Value Estimation
      $1,005,000
      9,293 SF

      25160 Telegraph Rd

      SHOPPING CENTER, STRIP CENTER • 9,293 SF
      25160 Telegraph Rd, Brownstown, MI 48134-1072
      View Details
    • Value Estimation
      $1,195,000
      36,290 SF

      24605 Gibraltar Rd

      SHOPPING CENTER, STRIP CENTER • 36,290 SF
      24605 Gibraltar Rd, Flat Rock, MI 48134-1347
      View Details

    Similar Nearby for Sale

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      4,000 SF

      Downtown Flatrock Freestanding Building

      4,000 SF freestanding building in downtown Flatrock.
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      111,111 SF

      Commercial Lot on Telegraph Road

      Prime commercial lot suitable for various business ventures.
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      2,000 SF

      Retail Space Near Major Businesses

      2,000 SF retail space with high visibility location.
      27342 Telegraph Rd, Flat Rock, MI 48134
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    • $169,900
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      Commercial Building on High-Traffic Road

      2020 SF commercial building with ample parking on 0.89 acres.
      23344 Telegraph Rd, Flat Rock, MI 48134
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    • $375,000
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      Telegraph Rd Commercial Redevelopment

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      Flat Rock Commercial Opportunity

      Commercial building on high-traffic West Road, Flat Rock.
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    Similar Nearby for Lease

    • Contact for pricing

      Telegraph Road Commercial Space Available

      Retail, office, and restaurant spaces for lease on Telegraph.
      25731-25755 Telegraph Rd, Flat Rock, MI 48134
      View Details
    • Contact for pricing
      20,662 SF

      Retail Space in Flat Rock

      Retail space available in a busy shopping center.
      27313 Telegraph Rd, Flat Rock, MI 48134
      View Details
    • Contact for pricing

      Retail Space in Flat Rock

      Retail space available in a busy Flat Rock shopping center.
      27313-27419 Telegraph Rd, Flat Rock, MI 48134
      View Details
    • Contact for pricing

      Retail Space at Tel-Rock Plaza

      Retail suites and turnkey restaurant space available for lease.
      26842-27000 Telegraph Rd, Flat Rock, MI 48134
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    • Contact for pricing
      15,280 SF

      Retail Space in Gibraltar Plaza

      Retail space available in well-located Flat Rock shopping center.
      24637 Gibraltar Rd, Flat Rock, MI 48134
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Brownstown Center

      Retail space available in a busy shopping center.
      23115-23977 Telegraph Rd, Brownstown, MI 48134
      View Details
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    Flat Rock, MI 48134
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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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