20180 Sherwood St, Detroit, MI
Freestanding industrial/warehouse building with fenced parking lot.
- Added:
- Jul 31, 2024
- Days on Market:
- 706
- Last Refresh:
- May 20 at 9:20 pm
Property Features for 20180 Sherwood St
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 0.27 Acres
- Property subtype
- INDUSTRIAL
Listing office Landmark Commercial Real Estate Services (248) 488-2620
Listing date Jul 31, 2024
Source Moodyscre
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 Landmark Commercial Real Estate Services
HighLights
- Freestanding Industrial/Warehouse Building
- Fenced/Gated Parking Lot
- Newly Updated Roof and Mechanicals
- 4,200 SF Warehouse and 800 SF Office
- Security Camera and Alarm System
- Two Fully Renovated Bathrooms & Shower
Overview
Local Financial Insights For Warehouse
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 | $43.8k | $8.76 |
| − Vacancy | −$1.9k | −$0.38 |
| EGI | $41.9k | $8.38 |
| − OpEx | −$6.3k | −$1.26 |
| NOI | $35.6k | $7.13 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- K-R-I-T Motor Car Company (1909–1916) — 1608 E Grand Blvd, Detroit, MI 48211
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.034
- Latitude
- 42.4446
