Building Details

Building Size 15,000 SF

Year Built 1986

Listing Agency: Lee & Associates of Michigan

Listed By: Dan Flynn Show Phone

Source: Lee-associates

Added: Aug 28 Changed: Oct 2 Last Checked: Oct 16 at 6:17AM

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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 Lee & Associates of Michigan

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Investment Insights

Based on property information with market context.

This flex property offers 15,500 SF of available space, including 12,200 SF designated for industrial use and 3,300 SF of office area. The layout combines finished office space with an open-span warehouse, providing distinct administrative and operational areas within one facility. A fenced outdoor storage area adds additional secured space for property-related storage needs.

Located at 12450 Universal Dr in Taylor, Michigan, the building was constructed in 1986. The roof is 3 years old, providing a recent building improvement. The combination of office, industrial, warehouse, and exterior storage components creates a varied commercial configuration within a single property.

Key Highlights

• 15,500 SF available
• 12,200 SF industrial area
• 3,300 SF office space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$97,798

Cap Rate

5.51%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,955,960 $2.0M

Cap Rate 7%

$1,397,114 $1.4M

Cap Rate 9%

$1,086,644 $1.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 15,500 SF

Gross rent

$156.2K $10.08/SF

− Vacancy

−$5.8K −$0.37/SF

EGI

$150.5K $9.71/SF

− OpEx

−$52.7K −$3.40/SF

NOI

$97.8K $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%

$1,955,960

Cap Rate 7%

$1,397,114

Cap Rate 9%

$1,086,644

Alternative Uses

Best Use

Flex RnD

$1.40M

$1.22M – $1.63M (±1% cap)

NOI $97,798 @ 7.0% cap · market cap 5.51%

Second Best

Warehouse

$1.39M

$1.22M – $1.62M (±1% cap)

NOI $97,440 @ 7.0% cap · market cap 5.49%

Theoretical Best

Specialty Retail

$2.87M

$2.51M – $3.35M (±1% cap)

NOI $200,880 @ 7.0% cap · market cap 11.32%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

LaFontaine Global Vehicles Car Dealership Envision Construction Management Construction Company

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Fenced yard

Location Intelligence

Trade Area within ½ mile

343

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

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Combination office and open-span warehouse with secured exterior storage area.

Where is this flex space located?

The property is located at 12450 Universal Dr Taylor, MI.

What is the asking price?

The asking price for this property is $1,775,000.

What are key features of this property?

This property features: 15,500 SF available; 12,200 SF industrial area; 3,300 SF office space