Industrial Building with Road
12375 E Eight Mile Rd, Warren, MI 48089
For Sale
$95,000
The property offers street-facing exposure along 8 Mile Road for industrial operations.
Property Size1,290 SF
Price / SF$73.64
Days on Market55
Property Features for 12375 E Eight Mile Rd
General Information
Standard status
Size
Property subtype
Additional Details
Road Access
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Thomas A. Duke Company
Listed By:
Jordan Schafer
(517) 304-1114
Source:
Thomasduke
Added: Sep 16
Changed: Nov 2
Last Checked: Nov 8 at 4:14AM
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 A. Duke Company
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,290-square-foot industrial building provides a focused commercial footprint for an industrial user or owner-occupant. The property fronts 8 Mile Road, giving the building a direct presence along the roadway.
Located at 12375 8 Mile Road in Warren, Michigan, the asset is positioned within the 48089 ZIP code and is identified for sale as an industrial property.
Located at 12375 8 Mile Road in Warren, Michigan, the asset is positioned within the 48089 ZIP code and is identified for sale as an industrial property.
Key Highlights
- 1,290 SF industrial building
- Frontage along 8 Mile Road
- Located at 12375 8 Mile Road, Warren, MI 48089
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,627
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$132,540
$132.5K
Cap Rate 7%
$94,671
$94.7K
Cap Rate 9%
$73,633
$73.6K
Market Conditions
NOI Build-Up for 1,290 SF
Gross rent
$9.9K $7.68/SF
− Vacancy
−$440 −$0.34/SF
EGI
$9.5K $7.34/SF
− OpEx
−$2.8K −$2.20/SF
NOI
$6.6K $5.14/SF
Area
Warren, MI
Vacancy
4.44%
Lease Rate
$7.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$132,540
Cap Rate 7%
$94,671
Cap Rate 9%
$73,633
Alternative Uses
Best Use
Industrial
$94.7K
$82.8K – $110.5K
NOI $6,627 @ 7.0% cap · market cap 6.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$284.6K
$249.0K – $332.0K
NOI $19,921 @ 7.0% cap · market cap 20.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
564
Businesses Nearby
Explore this area
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
$117,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Industrial properties in Warren, MI
Properties on Market for Industrial properties in Warren
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Industrial property - The property offers street-facing exposure along 8 Mile Road for industrial operations.
Where is this industrial property located?
The property is located at 12375 E Eight Mile Rd Warren, MI.
What is the asking price?
The asking price for this property is $95,000.
What are key features of this property?
This property features: 1,290 SF industrial building; Frontage along 8 Mile Road; Located at 12375 8 Mile Road, Warren, MI 48089
