Multi-Unit Warehouse Flex
For Sale
Contact for pricing
4938 Dewitt Rd, Canton, MI 48188
Four flex-style warehouse units feature private offices, 100% HVAC, and 18' clear warehouse heights.
Property Size8,000 SF
Price / SF$0.00
Days on Market905
Property Features for 4938 Dewitt Rd
General Information
Standard status
Active
Size
8,000 SF
Property subtype
Industrial
Zoning
GI
Occupancy
25%
Additional Details
Highway Access
Yes
Clear Height
18 ft
Amenities
private offices
reception areas
bathrooms
kitchen
heavy mezzanines
new back doors
new man doors
Building Details
Building Size
8,000 SF
Buildings
1
Stories
1
Tenancy
Multi-Tenant
Listing Agency:
ROC Real Estate
Listed By:
Terrance W. Bixler · License #6501240114
(734) 355-6030
Source:
Cpix.resimplifi
Added: May 1, 2024
Changed: Oct 6
Last Checked: Oct 20 at 5:23PM
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 ROC Real Estate
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Investment Insights
Based on property information with market context.
The property is a four-unit flex-style warehouse building offering 2,000 square foot units. Each unit includes 100% HVAC with two-year-old equipment, 100 amp electrical service, private offices with reception areas, and bathrooms. Unit 200 also has a kitchen. The warehouse areas provide 18' clear height, with gas forced-air heat, new back doors, and new man doors. Units 201 and 202 include heavy mezzanines.
The site is located near the I-275 exit at Michigan Ave. and Sheldon Rd, providing convenient access to the surrounding road network.
Unit 200 is currently occupied on a month-to-month basis, and the tenant has indicated a preference to stay.
The site is located near the I-275 exit at Michigan Ave. and Sheldon Rd, providing convenient access to the surrounding road network.
Unit 200 is currently occupied on a month-to-month basis, and the tenant has indicated a preference to stay.
Key Highlights
- Four flex‑style warehouse units with private offices, reception areas, and bathrooms
- 100% HVAC in each unit with two‑year‑old units
- 18' clear warehouse height plus new back doors and gas forced air heat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,417
Suggested Prices Based on Cap Rates
Cap Rate 5%
$828,340
$828.3K
Cap Rate 7%
$591,671
$591.7K
Cap Rate 9%
$460,189
$460.2K
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$61.4K $7.68/SF
− Vacancy
−$2.3K −$0.28/SF
EGI
$59.2K $7.40/SF
− OpEx
−$17.8K −$2.22/SF
NOI
$41.4K $5.18/SF
Area
Wayne County, MI
Vacancy
3.70%
Lease Rate
$7.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$828,340
Cap Rate 7%
$591,671
Cap Rate 9%
$460,189
Alternative Uses
Best Use
Flex RnD
$721.1K
$631.0K – $841.3K
NOI $50,477 @ 7.0% cap · market cap 373,903.70%
Second Best
Warehouse
$718.5K
$628.7K – $838.2K
NOI $50,292 @ 7.0% cap · market cap 372,533.33%
Theoretical Best
Specialty Retail
$1.48M
$1.30M – $1.73M
NOI $103,680 @ 7.0% cap · market cap 768,000.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
18 ft
Clear height
25%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
316
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48188, MI
46,161
Population
16,885
Households
2.7
Avg Household Size
38
Median Age
56%
College-Educated
95%
High-School Grad
17.9 sq mi
ZIP Area
2,579
Density / Sq Mi
$118,037
Median Household Income
$61,721
Median Earnings
$1,536
Median Rent
$356,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Four flex-style warehouse units feature private offices, 100% HVAC, and 18' clear warehouse heights.
Where is this flex space located?
The property is located at 4938 Dewitt Rd Canton, MI.
What are key features of this property?
This property features: Four flex‑style warehouse units with private offices, reception areas, and bathrooms; 100% HVAC in each unit with two‑year‑old units; 18' clear warehouse height plus new back doors and gas forced air heat
