Warehouse with Road
For Sale
$225,000
12434 8 Mile Rd, Warren, MI 48089
Block-and-concrete warehouse with about 60 feet of road frontage, on-site parking, and commercial/light industrial zoning.
Property Size2,000 SF
Price / SF$112.50
Days on Market164
Property Features for 12434 8 Mile Rd
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Industrial
Additional Details
Road Access
Yes
Amenities
3
6052
Building Details
Year Built
19
Listing Agency:
(313) 228-3777
Listed By:
Keller Williams Legacy
(313) 228-3777
Source:
Xome
Added: Mar 2
Changed: Aug 12
Last Checked: Aug 12 at 4:21AM
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 Keller Williams Legacy
Investment Insights
Based on property information with market context.
This block and concrete commercial warehouse building offers about 2,400 square feet of space and is currently used for storage related to liquidation. With ample room for storing inventory or other operational needs, the property provides flexible space for warehousing and light industrial activities. For sale and lease.
Set along busy 8 Mile Road with approximately 60 feet of road frontage, the site is positioned for strong visibility. Parking is available on-site, with assigned spaces and additional parking available on the street. The property is located near restaurants and retail stores, and the area provides convenient access to major roads.
The property is zoned for commercial, light industrial, retail, or warehouse use, supporting a range of business applications within the warehouse and distribution spectrum.
Set along busy 8 Mile Road with approximately 60 feet of road frontage, the site is positioned for strong visibility. Parking is available on-site, with assigned spaces and additional parking available on the street. The property is located near restaurants and retail stores, and the area provides convenient access to major roads.
The property is zoned for commercial, light industrial, retail, or warehouse use, supporting a range of business applications within the warehouse and distribution spectrum.
Key Highlights
- 2,400 sq ft block‑and‑concrete commercial building on 8 Mile Road
- Approximately 60 ft of road frontage on 8 Mile Road
- Zoned for commercial, light industrial, retail, or warehouse use
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
$20,530
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
9.12%
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%
$410,600
$410.6K
Cap Rate 7%
$293,286
$293.3K
Cap Rate 9%
$228,111
$228.1K
Market Conditions
NOI Build-Up for 2,000 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
$33.6K $16.80/SF
− Vacancy
−$2.0K −$1.01/SF
EGI
$31.6K $15.79/SF
− OpEx
−$11.1K −$5.53/SF
NOI
$20.5K $10.26/SF
Area
Warren, MI
Vacancy
6.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
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%
$410,600
Cap Rate 7%
$293,286
Cap Rate 9%
$228,111
Alternative Uses
Best Use
Flex RnD
$293.3K
$256.6K – $342.2K
NOI $20,530 @ 7.0% cap · market cap 9.12%
Second Best
Warehouse
$178.2K
$156.0K – $207.9K
NOI $12,476 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$441.2K
$386.1K – $514.8K
NOI $30,885 @ 7.0% cap · market cap 13.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
311
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Iron Mountain — 24300 Wahl St, Warren, MI 48089
- Self-Storage at U-Haul — 24100 Groesbeck Hwy, Warren, MI 48089
- Yboo 3PL — 11530 Stephens Rd, Warren, MI 48089
- LPBIN LP Storage Cabinet — 13446 E 9 Mile Rd, Warren, MI 48089
- J & Sons Moving LLC — 22523 Sharrow Ave, Warren, MI 48089
Frequently Asked Questions
What type of property is this?
Warehouse - Block-and-concrete warehouse with about 60 feet of road frontage, on-site parking, and commercial/light industrial zoning.
Where is this warehouse located?
The property is located at 12434 8 Mile Rd Warren, MI.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 2,400 sq ft block‑and‑concrete commercial building on 8 Mile Road; Approximately 60 ft of road frontage on 8 Mile Road; Zoned for commercial, light industrial, retail, or warehouse use
