Warehouse with Road
For Sale
Contact for pricing
12434 8 Mile Road, Warren, MI 48089
A 2,400 sq ft block-and-concrete warehouse with about 60 feet of road frontage and flexible zoning for multiple uses.
Property Size2,000 SF
Price / SF$112.50
Days on Market167
Property Features for 12434 8 Mile Road
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Land
Additional Details
Road Access
Yes
Building Details
Year Built
1946
Listing Agency:
KW Commercial Dearborn
(313) 706-7011
Listed By:
Nick Jaafar · License #6501403947
Source:
Crexi
Added: Mar 9
Changed: Aug 17
Last Checked: Aug 22 at 1:28PM
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 KW Commercial Dearborn
Investment Insights
Based on property information with market context.
The property is a block and concrete commercial building totaling about 2,400 sq ft, currently used for storage related to liquidation. The layout provides ample space for holding inventory, supplies, or other operational materials, supporting warehouse and flexible commercial use.
Located on busy 8 Mile Road with approximately 60 feet of road frontage, the building offers visibility suited for businesses that benefit from public exposure. Parking is available on-site with assigned spaces, along with additional on-street parking for customers and employees. The surrounding area includes established retail and restaurant activity, supporting convenient access within the commercial corridor.
With zoning that allows commercial, light industrial, retail, or warehouse use, the site can fit a range of business types that need straightforward space for storage and operations. For tenants or buyers seeking a property that can be used for inventory storage, distribution-adjacent needs, or mixed commercial activities, the combination of substantial enclosed space, drive-by visibility, and multiple allowed use categories provides a practical platform for day-to-day operations.
Located on busy 8 Mile Road with approximately 60 feet of road frontage, the building offers visibility suited for businesses that benefit from public exposure. Parking is available on-site with assigned spaces, along with additional on-street parking for customers and employees. The surrounding area includes established retail and restaurant activity, supporting convenient access within the commercial corridor.
With zoning that allows commercial, light industrial, retail, or warehouse use, the site can fit a range of business types that need straightforward space for storage and operations. For tenants or buyers seeking a property that can be used for inventory storage, distribution-adjacent needs, or mixed commercial activities, the combination of substantial enclosed space, drive-by visibility, and multiple allowed use categories provides a practical platform for day-to-day operations.
Key Highlights
- 2,400 sq ft block‑and‑concrete commercial building (Year built: 1946)
- Approximately 60 ft of road frontage on busy 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
$12,476
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
5.54%
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%
$249,520
$249.5K
Cap Rate 7%
$178,229
$178.2K
Cap Rate 9%
$138,622
$138.6K
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
$15.4K $7.68/SF
− Vacancy
−$682 −$0.34/SF
EGI
$14.7K $7.34/SF
− OpEx
−$2.2K −$1.10/SF
NOI
$12.5K $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 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%
$249,520
Cap Rate 7%
$178,229
Cap Rate 9%
$138,622
Alternative Uses
Best Use
Warehouse
$178.2K
$156.0K – $207.9K
NOI $12,476 @ 7.0% cap · market cap 5.54%
Second Best
—
—
no second resolved use
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
564
Businesses Nearby
Well-served
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.
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- J & Sons Moving LLC — 22523 Sharrow Ave, Warren, MI 48089
Frequently Asked Questions
What type of property is this?
Warehouse - A 2,400 sq ft block-and-concrete warehouse with about 60 feet of road frontage and flexible zoning for multiple uses.
Where is this warehouse located?
The property is located at 12434 8 Mile Road 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 (Year built: 1946); Approximately 60 ft of road frontage on busy 8 Mile Road; Zoned for commercial, light industrial, retail, or warehouse use
