Industrial Warehouse with Open Floor
For Sale
$220,000
14558 Wyoming St, Detroit, MI 48238
Warehouse for sale featuring a wide-open interior layout with loading access for operational flexibility.
Property Size3,200 SF
Price / SF$68.75
Days on Market45
Property Features for 14558 Wyoming St
General Information
Standard status
Active
Size
3,200 SF
Additional Details
Highway Access
Yes
Listing Agency:
Golden Key Realty Group LLC
(248) 422-6962
Listed By:
Ali Alyasiry
(248) 422-6962
Source:
Exprealty
Added: Jun 23
Changed: Jul 27
Last Checked: Jul 31 at 5:39PM
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 Golden Key Realty Group LLC
Investment Insights
Based on property information with market context.
This industrial warehouse is offered for sale and includes a wide-open floor plan designed to support efficient storage, distribution, light manufacturing, or automotive-related operations. The space is described as having high ceilings and a functional layout, along with convenient access points intended for loading and unloading.
The property is located on Detroit’s west side along a busy corridor, with the public remarks noting visibility and consistent foot and vehicle traffic. It is also described as providing access to major Detroit roadways for connectivity to surrounding areas.
Overall, the building is presented as a flexible industrial facility with a relatively unobstructed interior and practical loading access to support a range of day-to-day operating needs.
The property is located on Detroit’s west side along a busy corridor, with the public remarks noting visibility and consistent foot and vehicle traffic. It is also described as providing access to major Detroit roadways for connectivity to surrounding areas.
Overall, the building is presented as a flexible industrial facility with a relatively unobstructed interior and practical loading access to support a range of day-to-day operating needs.
Key Highlights
- Commercial warehouse for sale at 14558 Wyoming Avenue
- Wide‑open interior layout designed for operational efficiency
- High ceilings and a functional warehouse layout
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
$15,564
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
7.07%
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%
$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
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
$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 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%
$311,280
Cap Rate 7%
$222,343
Cap Rate 9%
$172,933
Alternative Uses
Best Use
Warehouse
$325.8K
$285.0K – $380.1K
NOI $22,803 @ 7.0% cap · market cap 10.37%
Second Best
Industrial
$222.3K
$194.6K – $259.4K
NOI $15,564 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$705.9K
$617.7K – $823.6K
NOI $49,415 @ 7.0% cap · market cap 22.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
251
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
Market
Vacancy Rate% for Industrial in Detroit, MI
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse for sale featuring a wide-open interior layout with loading access for operational flexibility.
Where is this warehouse located?
The property is located at 14558 Wyoming St Detroit, MI.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Commercial warehouse for sale at 14558 Wyoming Avenue; Wide‑open interior layout designed for operational efficiency; High ceilings and a functional warehouse layout
