Industrial/Flex Freestanding Building For
24435 Halsted Rd Farmington Hills, MI 48335
24435 Halsted Rd, Farmington Hills, MI, 48335
Contact for pricing
For Sale
Contact for pricing
15,170 SF Industrial/Flex Building available for purchase.
Property Size15,170 SF
Price / SF$75.81
Days on Market544
Property Features for 24435 Halsted Rd
General Information
- Standard status
- Active
- Size
- 15,170 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1979
Listing agency
Thomas Duke Company
(248) 476-3700
Listed by
Eric Szerlag · License #MI 6501343471
Source
Crexi
Added: Jan 23, 2025 Updated: Jul 6 at 8:23AM Checked: Jul 21 at 5:57AM
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 Thomas Duke Company
Investment Insights
Based on property information with market context.
This is a 15,170 square foot gross freestanding industrial/flex building.
Key Highlights
- 15,170 SF Freestanding Building
- Industrial/Flex Building
- Built in 1979
Local Financial Insights For Industrial
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 | $111.5k | $7.35 |
| − Vacancy | −$4.1k | −$0.27 |
| EGI | $107.4k | $7.08 |
| − OpEx | −$32.2k | −$2.12 |
| NOI | $75.2k | $4.95 |
15,170 SF · lease $7.35/SF/yr · vacancy 3.70% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$2.24M
$1.96M – $2.62M
NOI $156,900 @ 7.0% cap · market cap 13.64%
Second Best
Industrial
$1.07M
$939.5K – $1.25M
NOI $75,162 @ 7.0% cap · market cap 6.54%
Theoretical Best
Specialty Retail
$3.27M
$2.86M – $3.82M
NOI $229,043 @ 7.0% cap · market cap 19.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Chrissy Catering — 37260 Eisenhower Ct, Farmington, MI 48335
FAQs
What type of property is this?
Flex space - 15,170 SF Industrial/Flex Building available for purchase.
Where is this flex space located?
The property is located at 24435 Halsted Rd Farmington Hills, MI.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 15,170 SF Freestanding Building; Industrial/Flex Building; Built in 1979
