Westside Detroit Warehouse
14256 Wyoming, Detroit, MI 48238
For Sale
$375,000
Prime warehouse space for sale in Westside Detroit.
Property Size4,420 SF
Days on Market348
Property Features for 14256 Wyoming
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Herbert J Hill Realty Real Estate Master
Listed By:
Herbert J Hill Jr · License MI #6504381646
(313) 341-2656
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 8
Last Checked: Aug 25 at 9:15AM
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 Herbert J Hill Realty Real Estate Master
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property offers approximately 6500 square feet of warehouse space. It is located on the westside of Detroit.
Key Highlights
- Approximately 6500 sq. ft. of warehouse space
- Prime warehouse space
- Located on the westside of Detroit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,496
Cap Rate
8.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$629,920
$629.9K
Cap Rate 7%
$449,943
$449.9K
Cap Rate 9%
$349,956
$350.0K
Market Conditions
NOI Build-Up for 4,420 SF
Gross rent
$38.7K $8.76/SF
− Vacancy
−$1.7K −$0.38/SF
EGI
$37.1K $8.38/SF
− OpEx
−$5.6K −$1.26/SF
NOI
$31.5K $7.13/SF
Area
Detroit, MI
Vacancy
4.30%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$629,920
Cap Rate 7%
$449,943
Cap Rate 9%
$349,956
Alternative Uses
Best Use
Warehouse
$449.9K
$393.7K – $524.9K
NOI $31,496 @ 7.0% cap · market cap 8.40%
Second Best
Industrial
$307.1K
$268.7K – $358.3K
NOI $21,498 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$975.1K
$853.2K – $1.14M
NOI $68,255 @ 7.0% cap · market cap 18.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
257
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48238, MI
25,747
Population
16,341
Households
1.6
Avg Household Size
37
Median Age
13%
College-Educated
84%
High-School Grad
5.4 sq mi
ZIP Area
4,768
Density / Sq Mi
$30,286
Median Household Income
$25,948
Median Earnings
$950
Median Rent
$58,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Detroit, MI
Properties on Market for Warehouses in Detroit
Vacancy Rate% for Industrial in Detroit, MI
Similar Off Market Nearby
- Saa Tech — 7420 Intervale St, Detroit, MI 48238
Frequently Asked Questions
What type of property is this?
Warehouse - Prime warehouse space for sale in Westside Detroit.
Where is this warehouse located?
The property is located at 14256 Wyoming Detroit, MI.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Approximately 6500 sq. ft. of warehouse space; Prime warehouse space; Located on the westside of Detroit
