Light Industrial Building with Fenced
16147 Philomene Blvd Allen Park, MI 48101
New
For Sale
$300,000
Versatile light industrial building offers flexible interior space and a fenced yard for secure outdoor storage.
Property Size4,165 SF
Price / SF$72.03
Days on Market7
Property Features for 16147 Philomene Blvd
General Information
Standard status
Active
Size
4,165 SF
Property subtype
Industrial
Building Details
Year Built
1963
Listing Agency:
Coldwell Banker Commercial Premier
(248) 225-7180
Listed By:
James Iodice
(248) 225-7180
Source:
Cpix.resimplifi
Added: Jul 23
Changed: Jul 26
Last Checked: Jul 29 at 3:33AM
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 Coldwell Banker Commercial Premier
Investment Insights
Based on property information with market context.
Versatile light industrial property totaling about 4,165 square feet, designed to support a single user or be configured for multiple occupants. The adaptable interior layout lends itself to a range of light industrial and warehouse-related activities, including contractor, service, assembly, and distribution uses.
A fenced yard provides secure outdoor storage for vehicles, equipment, or materials, supporting day-to-day operations that require both indoor and exterior space. Located at 16147 Philomene Blvd in Allen Park, Michigan, the property is suited to businesses looking to expand beyond smaller leased space or establish a larger operational footprint.
A fenced yard provides secure outdoor storage for vehicles, equipment, or materials, supporting day-to-day operations that require both indoor and exterior space. Located at 16147 Philomene Blvd in Allen Park, Michigan, the property is suited to businesses looking to expand beyond smaller leased space or establish a larger operational footprint.
Key Highlights
- Light industrial building built in 1963
- Just over 4,000 SF, with flexibility for a single user or multiple occupants
- Fenced yard provides secure outdoor storage for vehicles, equipment, or materials
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 | $42.0k | $10.08 |
| − Vacancy | −$1.6k | −$0.37 |
| EGI | $40.4k | $9.71 |
| − OpEx | −$14.2k | −$3.40 |
| NOI | $26.3k | $6.31 |
4,165 SF · lease $10.08/SF/yr · vacancy 3.70% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$375.4K
$328.5K – $438.0K
NOI $26,279 @ 7.0% cap · market cap 8.76%
Second Best
Warehouse
$374.0K
$327.3K – $436.4K
NOI $26,183 @ 7.0% cap · market cap 8.73%
Theoretical Best
Specialty Retail
$771.1K
$674.7K – $899.6K
NOI $53,978 @ 7.0% cap · market cap 17.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Brooks & Landry Fine Catering — 4936 Allen Rd, Allen Park, MI 48101
- Buffy's Mexi-Casian Grill — 5955 Allen Rd, Allen Park, MI 48101
Frequently Asked Questions
What type of property is this?
Flex space - Versatile light industrial building offers flexible interior space and a fenced yard for secure outdoor storage.
Where is this flex space located?
The property is located at 16147 Philomene Blvd Allen Park, MI.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Light industrial building built in 1963; Just over 4,000 SF, with flexibility for a single user or multiple occupants; Fenced yard provides secure outdoor storage for vehicles, equipment, or materials
