Flex Space with Gated
For Sale
Contact for pricing
14243 Schaefer Highway, Detroit, MI 48227
Three buildings pair warehouse and shop areas with paved circulation, fenced grounds, and a secured entrance.
Property Size13,500 SF
Lot Size2.39 Acres
Price / SF$55.55
Days on Market9
Property Features for 14243 Schaefer Highway
General Information
Standard status
Active
Size
13,500 SF
Lot size
2.39 Acres
Property subtype
Industrial
Zoning
M4 Intensive Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Asking Price
$749,900
Building Details
Buildings
3
Listing Agency:
Realty Executives Home Towne (Shelby)
Listed By:
Maurice Khalifa · License #MI 6502376505
(586) 615-0101
Source:
Crexi
Added: Sep 18
Changed: Sep 24
Last Checked: Sep 24 at 2:16PM
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 Realty Executives Home Towne (Shelby)
Investment Insights
Based on property information with market context.
This industrial property combines three buildings totaling approximately 13,500 square feet: an 8,000-square-foot structure, a 4,000-square-foot structure, and a 1,500-square-foot accessory shop. The 2.39-acre site has M4 Intensive Industrial zoning and includes concrete pavement, asphalt drives, a gravel yard, perimeter fencing, and a secured gate. All three buildings and parcels are included in the sale.
Schaefer Highway frontage connects the property to I-96, M-39/Southfield Freeway, and I-94. A rail corridor borders the western property line. The site layout includes room for vehicle and equipment maneuvering, with building and yard areas offering a mix of industrial space and outdoor storage.
Schaefer Highway frontage connects the property to I-96, M-39/Southfield Freeway, and I-94. A rail corridor borders the western property line. The site layout includes room for vehicle and equipment maneuvering, with building and yard areas offering a mix of industrial space and outdoor storage.
Key Highlights
- 2.39‑acre property comprising two parcels, offered together
- Three structures total approximately 13,500 square feet: 8,000, 4,000, and 1,500 square feet
- Zoned M4 Intensive Industrial
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
$65,660
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
8.76%
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%
$1,313,200
$1.3M
Cap Rate 7%
$938,000
$938.0K
Cap Rate 9%
$729,556
$729.6K
Market Conditions
NOI Build-Up for 13,500 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
$98.8K $7.32/SF
− Vacancy
−$5.0K −$0.37/SF
EGI
$93.8K $6.95/SF
− OpEx
−$28.1K −$2.08/SF
NOI
$65.7K $4.86/SF
Area
ZIP 48227
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 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%
$1,313,200
Cap Rate 7%
$938,000
Cap Rate 9%
$729,556
Alternative Uses
Best Use
Flex RnD
$1.54M
$1.35M – $1.80M
NOI $107,722 @ 7.0% cap · market cap 14.36%
Second Best
Warehouse
$1.14M
$996.6K – $1.33M
NOI $79,730 @ 7.0% cap · market cap 10.63%
Theoretical Best
Multifamily LT 5
$2.20M
$1.92M – $2.56M
NOI $153,742 @ 7.0% cap · market cap 20.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
377
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48227, MI
40,266
Population
19,933
Households
2
Avg Household Size
36
Median Age
12%
College-Educated
83%
High-School Grad
7.5 sq mi
ZIP Area
5,369
Density / Sq Mi
$36,221
Median Household Income
$31,797
Median Earnings
$1,034
Median Rent
$70,900
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 Detroit, MI
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Frequently Asked Questions
What type of property is this?
Flex space - Three buildings pair warehouse and shop areas with paved circulation, fenced grounds, and a secured entrance.
Where is this flex space located?
The property is located at 14243 Schaefer Highway Detroit, MI.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: 2.39‑acre property comprising two parcels, offered together; Three structures total approximately 13,500 square feet: 8,000, 4,000, and 1,500 square feet; Zoned M4 Intensive Industrial
