Warehouse with Road
12434 8 Mile Road Unit SourceFi Warren, MI 48089
12434 8 Mile Road Unit SourceFi, Warren, MI, 48089
$225,000
For Sale
$225,000
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 Market139
Property Features for 12434 8 Mile Road Unit SourceFi
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 19
Listing agency
(313) 228-3777
Listed by
Keller Williams Legacy
(313) 228-3777
Source
Xome
Added: Mar 6 Updated: Jul 18 at 2:36AM Checked: Jul 22 at 3:37AM
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
Local Financial Insights For Flex RnD
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 | $33.6k | $16.80 |
| − Vacancy | −$2.0k | −$1.01 |
| EGI | $31.6k | $15.79 |
| − OpEx | −$11.1k | −$5.53 |
| NOI | $20.5k | $10.26 |
2,000 SF · lease $16.80/SF/yr · vacancy 6.00% · expense 35.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
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
FAQs
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 Road Unit SourceFi 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
