Industrial Building with Drive-Through
For Sale
$1,499,000
3025 Mullins Ct, Oxford, MI 48371
Industrial building features four drive-through bays, overhead doors, and upgraded shop systems.
Property Size7,270 SF
Lot Size4.37 Acres
Price / SF$206.19
Days on Market60
Property Features for 3025 Mullins Ct
General Information
Standard status
Active
Size
7,270 SF
Lot size
4.37 Acres
Property subtype
Industrial
Site & Location
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Drive-In Doors
6
Service Bays
3
Amenities
air lines
epoxy flooring
floor drains with oil separator
LED lighting
radiant heat
5 private offices
kitchen
conference area
600 foot tool room
video surveillance
crushed limestone yard
security fencing
Building Details
Year Built
1991
Year Renovated
2020
Listing Agency:
Friedman Integrated Real Estate - Corporate
(248) 324-2000
Listed By:
Larry Schultz
Source:
Friedmanrealestate
Added: Jun 1
Changed: Jul 21
Last Checked: Jul 22 at 5:41AM
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 Friedman Integrated Real Estate - Corporate
Investment Insights
Based on property information with market context.
Industrial building totaling 7,270 SF on 4.37 acres offers a functional shop layout designed for vehicle and equipment service. The property includes three drive-through bays with overhead doors measuring 16' high by 12' wide, along with air lines, epoxy flooring, floor drains with an oil separator, LED lighting, and radiant heat. Shop systems were upgraded in 2020.
The site includes outside storage on four acres with video surveillance, a crushed limestone yard, and security fencing. A 1,800 SF office area provides five private offices, a kitchen, a conference area, and a 600 SF tool room. The current lease is scheduled to end July 31, 2025, with the existing tenant described as a defense contractor using a clean use.
Access is supported by the property’s location just off Lapeer Rd/M-24 for north-south connections and about 10 miles from I-69 for east-west access. The property can be expanded, or split for development of a second building.
The site includes outside storage on four acres with video surveillance, a crushed limestone yard, and security fencing. A 1,800 SF office area provides five private offices, a kitchen, a conference area, and a 600 SF tool room. The current lease is scheduled to end July 31, 2025, with the existing tenant described as a defense contractor using a clean use.
Access is supported by the property’s location just off Lapeer Rd/M-24 for north-south connections and about 10 miles from I-69 for east-west access. The property can be expanded, or split for development of a second building.
Key Highlights
- 7,270 SF industrial building on 4.37 acres in Oxford, MI (built 1991) with expansion and split/build options
- Former truck repair facility with 3 drive‑through bays and six 16' h x 12' w overhead doors
- Shop systems include air lines, epoxy flooring, floor drains with oil separator, and LED lighting
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 | $130.9k | $18.00 |
| − Vacancy | −$15.2k | −$2.09 |
| EGI | $115.7k | $15.91 |
| − OpEx | −$40.5k | −$5.57 |
| NOI | $75.2k | $10.34 |
7,270 SF · lease $18.00/SF/yr · vacancy 11.60% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.07M
$939.9K – $1.25M
NOI $75,192 @ 7.0% cap · market cap 5.02%
Second Best
Warehouse
$624.8K
$546.7K – $729.0K
NOI $43,739 @ 7.0% cap · market cap 2.92%
Theoretical Best
Specialty Retail
$1.57M
$1.37M – $1.83M
NOI $109,765 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Drive-in doors
3
Service bays
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48371, MI
25,272
Population
9,928
Households
2.5
Avg Household Size
41
Median Age
42%
College-Educated
96%
High-School Grad
46.2 sq mi
ZIP Area
547
Density / Sq Mi
$108,983
Median Household Income
$52,606
Median Earnings
$1,244
Median Rent
$352,500
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial building features four drive-through bays, overhead doors, and upgraded shop systems.
Where is this flex space located?
The property is located at 3025 Mullins Ct Oxford, MI.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: 7,270 SF industrial building on 4.37 acres in Oxford, MI (built 1991) with expansion and split/build options; Former truck repair facility with 3 drive‑through bays and six 16' h x 12' w overhead doors; Shop systems include air lines, epoxy flooring, floor drains with oil separator, and LED lighting
