Flex Space With Outdoor
New
For Sale
$1,775,000
12450 Universal Dr, Taylor, MI 48180
Combination office and open-span warehouse with secured exterior storage area.
Property Size15,000 SF
Price / SF$114.52
Days on Market6
Property Features for 12450 Universal Dr
General Information
Standard status
Active
Size
15,000 SF
Property subtype
Industrial
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Span
Yes
Warehouse Space
12,200 SF
Office Build-Out
3,300 SF
Additional Details
Asking Price
$1,775,000
Amenities
Fenced Outdoor Storage
Building Details
Building Size
15,000 SF
Year Built
1986
Listing Agency:
Lee & Associates of Michigan
Listed By:
Dan Flynn
(248) 946-2153
Source:
Lee-associates
Added: Aug 28
Changed: Sep 1
Last Checked: Sep 1 at 8:41PM
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
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.
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 = 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
$97,798
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
5.51%
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%
$1,955,960
$2.0M
Cap Rate 7%
$1,397,114
$1.4M
Cap Rate 9%
$1,086,644
$1.1M
Market Conditions
NOI Build-Up for 15,500 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
$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 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%
$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
NOI $97,798 @ 7.0% cap · market cap 5.51%
Second Best
Warehouse
$1.39M
$1.22M – $1.62M
NOI $97,440 @ 7.0% cap · market cap 5.49%
Theoretical Best
Specialty Retail
$2.87M
$2.51M – $3.35M
NOI $200,880 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
