Flex Space with
For Sale
$480,000
12004 E 9 Mile Road, Warren, MI 48089
Front offices and a restroom accompany a large warehouse area and rear loft.
Property Size4,560 SF
Price / SF$105.26
Days on Market36
Property Features for 12004 E 9 Mile Road
General Information
Standard status
Active
Size
4,560 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Property Use
Commercial
Taxes and HOA fees
Annual Taxes
$6,525
Building Details
Building Size
4,560 SF
Year Built
1959
Listed By:
JEFF Gates
(586) 298-1509
Source:
Housewant
Added: Sep 24
Changed: Oct 28
Last Checked: Oct 28 at 1:36AM
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 JEFF Gates
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Investment Insights
Based on property information with market context.
At 12004 E 9 Mile Road in Warren, this 4,560-square-foot flex property was built in 1959 and is zoned Commercial. The front section contains several offices and a restroom, with a large warehouse area behind them and a loft at the rear.
The loft offers additional area that could serve office, storage, or production functions. The seller is open to renting the property and will consider land contract or seller financing terms.
The loft offers additional area that could serve office, storage, or production functions. The seller is open to renting the property and will consider land contract or seller financing terms.
Key Highlights
- 4,560‑square‑foot flex property
- Large warehouse area with offices and a restroom at the front
- Rear loft may accommodate office, storage, or production use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,446
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$568,920
$568.9K
Cap Rate 7%
$406,371
$406.4K
Cap Rate 9%
$316,067
$316.1K
Market Conditions
NOI Build-Up for 4,560 SF
Gross rent
$35.0K $7.68/SF
− Vacancy
−$1.6K −$0.34/SF
EGI
$33.5K $7.34/SF
− OpEx
−$5.0K −$1.10/SF
NOI
$28.4K $6.24/SF
Area
Warren, MI
Vacancy
4.44%
Lease Rate
$7.68 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$568,920
Cap Rate 7%
$406,371
Cap Rate 9%
$316,067
Alternative Uses
Best Use
Flex RnD
$668.7K
$585.1K – $780.1K
NOI $46,807 @ 7.0% cap · market cap 9.75%
Second Best
Warehouse
$406.4K
$355.6K – $474.1K
NOI $28,446 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$1.01M
$880.2K – $1.17M
NOI $70,417 @ 7.0% cap · market cap 14.67%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
564
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 48089, MI
32,012
Population
13,597
Households
2.4
Avg Household Size
35
Median Age
11%
College-Educated
83%
High-School Grad
8.0 sq mi
ZIP Area
4,002
Density / Sq Mi
$53,076
Median Household Income
$35,786
Median Earnings
$1,187
Median Rent
$117,300
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Mercurio Food Specialties — 24920 Gibson Dr, Warren, MI 48089
Frequently Asked Questions
What type of property is this?
Flex space - Front offices and a restroom accompany a large warehouse area and rear loft.
Where is this flex space located?
The property is located at 12004 E 9 Mile Road Warren, MI.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: 4,560‑square‑foot flex property; Large warehouse area with offices and a restroom at the front; Rear loft may accommodate office, storage, or production use
