Warehouse and Industrial
For Sale
$150,000
Pending
10315 Linwood Street, Detroit, MI 48206
Industrial warehouse property offered for sale with access described south of Linwood Street and east of Chicago Boulevard.
Property Size2,459 SF
Days on Market454
Property Features for 10315 Linwood Street
General Information
Standard status
Pending
Size
2,459 SF
Zoning
Commercial
Taxes and HOA fees
Annual Taxes
$2,288
Amenities
Natural Gas, Forced Air, Electric
Building Details
Building Size
2,459 SF
Year Built
1922
Buildings
1
Listing Agency:
EXP Realty, LLC
Listed By:
Devin Raines
(313) 715-1579
Source:
Evrealestate
Added: Jun 19, 2025
Changed: Sep 11
Last Checked: Sep 15 at 5:42AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This offering is a warehouse and industrial property available for sale. It presents as a commercial real estate option for buyers seeking a warehouse-style facility where industrial storage and related uses may be considered, subject to applicable rules and approvals. The property is marketed as part of the wider warehouse and industrial category, providing flexibility for an operator looking for a dedicated space rather than a purely retail or office environment.
The directions provided place the property south of Linwood Street and east of Chicago Boulevard in Wayne County. This basic siting information can help align the purchase with an operator’s service area and route planning. Buyers and their representatives can use the stated access description to evaluate approach, visibility, and practical logistics during due diligence.
As a warehouse and industrial asset, the property may appeal to industrial end-users and investors looking to acquire space for storage, distribution-related activity, or other industrial applications consistent with the building’s configuration and any governing requirements. Because no interior specifications, improvements, or lease status details are included in the provided information, prospective buyers should verify all physical attributes and underwriting inputs directly during inspection and review of available documentation.
The directions provided place the property south of Linwood Street and east of Chicago Boulevard in Wayne County. This basic siting information can help align the purchase with an operator’s service area and route planning. Buyers and their representatives can use the stated access description to evaluate approach, visibility, and practical logistics during due diligence.
As a warehouse and industrial asset, the property may appeal to industrial end-users and investors looking to acquire space for storage, distribution-related activity, or other industrial applications consistent with the building’s configuration and any governing requirements. Because no interior specifications, improvements, or lease status details are included in the provided information, prospective buyers should verify all physical attributes and underwriting inputs directly during inspection and review of available documentation.
Key Highlights
- Industrial warehouse property for sale with access described south of Linwood Street and east of Chicago Boulevard
- Built in 1922
- Heating includes natural gas, forced air, and electric
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
$11,960
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
7.97%
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%
$239,200
$239.2K
Cap Rate 7%
$170,857
$170.9K
Cap Rate 9%
$132,889
$132.9K
Market Conditions
NOI Build-Up for 2,459 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
$18.0K $7.32/SF
− Vacancy
−$914 −$0.37/SF
EGI
$17.1K $6.95/SF
− OpEx
−$5.1K −$2.08/SF
NOI
$12.0K $4.86/SF
Area
Detroit, MI
Vacancy
5.08%
Lease Rate
$7.32 /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%
$239,200
Cap Rate 7%
$170,857
Cap Rate 9%
$132,889
Alternative Uses
Best Use
Warehouse
$250.3K
$219.0K – $292.0K
NOI $17,522 @ 7.0% cap · market cap 11.68%
Second Best
Industrial
$170.9K
$149.5K – $199.3K
NOI $11,960 @ 7.0% cap · market cap 7.97%
Theoretical Best
Office A
$542.5K
$474.7K – $632.9K
NOI $37,973 @ 7.0% cap · market cap 25.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
329
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48206, MI
15,712
Population
10,784
Households
1.5
Avg Household Size
38
Median Age
24%
College-Educated
89%
High-School Grad
3.1 sq mi
ZIP Area
5,068
Density / Sq Mi
$43,702
Median Household Income
$36,674
Median Earnings
$923
Median Rent
$102,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Detroit, MI
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse property offered for sale with access described south of Linwood Street and east of Chicago Boulevard.
Where is this warehouse located?
The property is located at 10315 Linwood Street Detroit, MI.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Industrial warehouse property for sale with access described south of Linwood Street and east of Chicago Boulevard; Built in 1922; Heating includes natural gas, forced air, and electric
