Flex Space With
For Sale
$2,000,000
12021 Universal Dr, Taylor, MI 48180
Combined warehouse and office configuration supports varied commercial operations.
Property Size20,000 SF
Price / SF$100
Days on Market57
Property Features for 12021 Universal Dr
General Information
Standard status
Active
Size
20,000 SF
Property subtype
Industrial
Zoning
I-1
Warehouse & Industrial
Warehouse Space
19,200 SF
Office Build-Out
800 SF
Building Details
Building Size
20,000 SF
Listing Agency:
Colliers
Listed By:
Jim Roberts
(248) 226-1814
Source:
Cpix.resimplifi
Added: Aug 11
Changed: Sep 12
Last Checked: Oct 5 at 3:03PM
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 Colliers
Investment Insights
Based on property information with market context.
This flex property combines 19,200 square feet of warehouse area with 800 square feet of office space, creating a practical mix of industrial and administrative functions. The total available area is 20,000 square feet.
The property is located at 12021 Universal Dr in Taylor, Michigan 48180.
The property is located at 12021 Universal Dr in Taylor, Michigan 48180.
Key Highlights
- 20,000 SF total available area
- 19,200 SF of warehouse space
- 800 SF of office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$126,192
Cap Rate
6.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,523,840
$2.5M
Cap Rate 7%
$1,802,743
$1.8M
Cap Rate 9%
$1,402,133
$1.4M
Market Conditions
NOI Build-Up for 20,000 SF
Gross rent
$201.6K $10.08/SF
− Vacancy
−$7.5K −$0.37/SF
EGI
$194.1K $9.71/SF
− OpEx
−$67.9K −$3.40/SF
NOI
$126.2K $6.31/SF
Area
Wayne County, MI
Vacancy
3.70%
Lease Rate
$10.08 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,523,840
Cap Rate 7%
$1,802,743
Cap Rate 9%
$1,402,133
Alternative Uses
Best Use
Flex RnD
$1.80M
$1.58M – $2.10M
NOI $126,192 @ 7.0% cap · market cap 6.31%
Second Best
Warehouse
$1.80M
$1.57M – $2.10M
NOI $125,729 @ 7.0% cap · market cap 6.29%
Theoretical Best
Specialty Retail
$3.70M
$3.24M – $4.32M
NOI $259,200 @ 7.0% cap · market cap 12.96%
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
479
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48180, MI
63,409
Population
26,741
Households
2.4
Avg Household Size
39
Median Age
16%
College-Educated
87%
High-School Grad
23.6 sq mi
ZIP Area
2,687
Density / Sq Mi
$59,537
Median Household Income
$40,090
Median Earnings
$1,036
Median Rent
$141,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Combined warehouse and office configuration supports varied commercial operations.
Where is this flex space located?
The property is located at 12021 Universal Dr Taylor, MI.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 20,000 SF total available area; 19,200 SF of warehouse space; 800 SF of office space
