Warehouse with Large
13507 Auburn St Detroit, MI 48223
For Sale
$850,000
Pending
Warehouse with loading docks, renovated office space, and new HVAC, plumbing, and electrical system throughout.
Property Size7,020 SF
Days on Market185
Property Features for 13507 Auburn St
General Information
- Standard status
- Pending
- Size
- 7,020 SF
Listing Agency:
Cosmopolitan Real Estate Svs
(248) 796-2732
Listed By:
Clifford Rockefeller · License #6501323376
(248) 796-2732
Source:
Exprealty
Added: Jan 21
Changed: Jul 24
Last Checked: Jul 24 at 3:45PM
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 Cosmopolitan Real Estate Svs
Investment Insights
Based on property information with market context.
This warehouse and flex-style industrial property includes a large yard, ample office space, and storage areas configured to support active operations. Loading docks are provided with overhead doors, and the office area has been renovated.
The property is located in Detroit and is close to freeways and railroads, with easy access to major transportation routes. It is currently being used by a trucking company.
The entire property has been updated with new HVAC, plumbing, and electrical systems. Seller financing is available with a minimum of 30% down.
The property is located in Detroit and is close to freeways and railroads, with easy access to major transportation routes. It is currently being used by a trucking company.
The entire property has been updated with new HVAC, plumbing, and electrical systems. Seller financing is available with a minimum of 30% down.
Key Highlights
- Warehouse property with loading docks and overhead doors
- Renovated office area
- New HVAC, plumbing, and electrical system throughout the entire property
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 | $84.2k | $12.00 |
| − Vacancy | −$6.7k | −$0.96 |
| EGI | $77.5k | $11.04 |
| − OpEx | −$27.1k | −$3.86 |
| NOI | $50.4k | $7.18 |
7,020 SF · lease $12.00/SF/yr · vacancy 8.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$719.7K
$629.7K – $839.6K
NOI $50,376 @ 7.0% cap · market cap 5.93%
Second Best
Warehouse
$714.6K
$625.3K – $833.7K
NOI $50,023 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,405 @ 7.0% cap · market cap 12.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Warehouse with loading docks, renovated office space, and new HVAC, plumbing, and electrical system throughout.
Where is this flex space located?
The property is located at 13507 Auburn St Detroit, MI.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Warehouse property with loading docks and overhead doors; Renovated office area; New HVAC, plumbing, and electrical system throughout the entire property
