Flex Industrial Building with
15210 Middlebelt Road Unit SourceFi Livonia, MI 48154
15210 Middlebelt Road Unit SourceFi, Livonia, MI, 48154
$299,900
For Sale
$299,900
Flex/industrial building with large back storage, two bathrooms, and potential for two units with separate front entrances.
Property Size3,300 SF
Price / SF$90.88
Days on Market95
Property Features for 15210 Middlebelt Road Unit SourceFi
General Information
- Standard status
- Active
- Size
- 3,300 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 19
Listing Agency
National Realty Centers, Inc
(269) 365-3320
Listed by
Michael Cash
(269) 365-3320
Source
Xome
Added: Apr 15 Checked: Jul 18 at 2:38 am
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 National Realty Centers, Inc
Investment Insights
Based on property information with market context.
This flex/industrial commercial building totals 3,300 square feet and was previously used as a heating and cooling business. The layout includes a large storage area in the back and two bathrooms. The property has the potential to be divided into two units, with two front doors and a wall between them.
The building is located on Middlebelt Road, where approximately 53,000 cars pass daily, providing high visibility along the corridor.
On-site parking includes five dedicated spaces in the front of the building, supporting convenient customer or employee access.
The building is located on Middlebelt Road, where approximately 53,000 cars pass daily, providing high visibility along the corridor.
On-site parking includes five dedicated spaces in the front of the building, supporting convenient customer or employee access.
Key Highlights
- 3,300 sq. ft. commercial flex/industrial building at 5 Mile and Middlebelt
- 53,000 cars pass down Middlebelt daily (per listing remarks)
- Former heating and cooling business; layout includes large back storage and 2 bathrooms
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.3k | $10.08 |
| − Vacancy | −$1.2k | −$0.37 |
| EGI | $32.0k | $9.71 |
| − OpEx | −$11.2k | −$3.40 |
| NOI | $20.8k | $6.31 |
3,300 SF · lease $10.08/SF/yr · vacancy 3.70% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$297.5K
$260.3K – $347.0K
NOI $20,822 @ 7.0% cap · market cap 6.94%
Second Best
Industrial
$244.1K
$213.6K – $284.7K
NOI $17,084 @ 7.0% cap · market cap 5.70%
Theoretical Best
Specialty Retail
$611.0K
$534.6K – $712.8K
NOI $42,768 @ 7.0% cap · market cap 14.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mill's Heating
HVAC Service
Majestic Heating & Cooling
HVAC Service
Joe's Heating
HVAC Service
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Flex/industrial building with large back storage, two bathrooms, and potential for two units with separate front entrances.
Where is this flex space located?
The property is located at 15210 Middlebelt Road Unit SourceFi Livonia, MI.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 3,300 sq. ft. commercial flex/industrial building at 5 Mile and Middlebelt; 53,000 cars pass down Middlebelt daily (per listing remarks); Former heating and cooling business; layout includes large back storage and 2 bathrooms
