Renovated Flex
For Sale
$219,900
26310 W 7 Mile Road, Redford, MI 48240
Updated commercial building with office areas and a warehouse component arranged for front-and-back operations.
Property Size3,200 SF
Days on Market24
Property Features for 26310 W 7 Mile Road
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,575
Building Details
Building Size
3,200 SF
Year Built
1956
Listing Agency:
Keller Williams Professionals
Listed By:
Megan Leach
(734) 674-7805
Source:
Elliman
Added: Sep 16
Changed: Oct 5
Last Checked: Oct 7 at 12:54PM
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 Keller Williams Professionals
Investment Insights
Based on property information with market context.
Built in 1956, this flex property combines renovated office and warehouse areas within a commercial building. Interior and exterior improvements include new commercial carpet in the offices, heavy-duty tile in common areas, and tiled bathrooms. The layout supports front and back operations within one connected facility, while the warehouse portion is presented as a vanilla-box area for future customization.
The property is located at 26310 W 7 Mile Road in Redford Charter Township, Michigan. Walk Score is 76, classified as Very Walkable, and Bike Score is 50, classified as Bikeable.
The property is located at 26310 W 7 Mile Road in Redford Charter Township, Michigan. Walk Score is 76, classified as Very Walkable, and Bike Score is 50, classified as Bikeable.
Key Highlights
- Renovated commercial building with updated interior and exterior finishes
- Built in 1956
- Office areas feature new commercial carpet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,564
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,280
$311.3K
Cap Rate 7%
$222,343
$222.3K
Cap Rate 9%
$172,933
$172.9K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$23.4K $7.32/SF
− Vacancy
−$1.2K −$0.37/SF
EGI
$22.2K $6.95/SF
− OpEx
−$6.7K −$2.08/SF
NOI
$15.6K $4.86/SF
Area
Detroit, MI
Vacancy
5.08%
Lease Rate
$7.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,280
Cap Rate 7%
$222,343
Cap Rate 9%
$172,933
Alternative Uses
Best Use
Flex RnD
$328.0K
$287.0K – $382.7K
NOI $22,963 @ 7.0% cap · market cap 10.44%
Second Best
Warehouse
$325.8K
$285.0K – $380.1K
NOI $22,803 @ 7.0% cap · market cap 10.37%
Theoretical Best
Office A
$705.9K
$617.7K – $823.6K
NOI $49,415 @ 7.0% cap · market cap 22.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
332
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48240, MI
17,962
Population
7,328
Households
2.5
Avg Household Size
38
Median Age
22%
College-Educated
89%
High-School Grad
3.7 sq mi
ZIP Area
4,855
Density / Sq Mi
$57,970
Median Household Income
$37,694
Median Earnings
$1,326
Median Rent
$120,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- I Love Busia's Pierogi — 25831 W 6 Mile Rd, Redford Charter Twp, MI 48240
- Cosmic Burrito Tequila Bar, Food Truck and catering — 26145 Grand River Ave, Redford Charter Twp, MI 48240
Frequently Asked Questions
What type of property is this?
Flex space - Updated commercial building with office areas and a warehouse component arranged for front-and-back operations.
Where is this flex space located?
The property is located at 26310 W 7 Mile Road Redford, MI.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: Renovated commercial building with updated interior and exterior finishes; Built in 1956; Office areas feature new commercial carpet
