Flex Warehouse with Garage
E 16393 E WARREN Avenue Unit SourceFi Detroit, MI 48224
E 16393 E WARREN Avenue Unit SourceFi, Detroit, MI, 48224
$325,000
For Sale
$325,000
Large open-space flex/warehouse with two bathrooms and a garage door for straightforward loading and access.
Property Size5,108 SF
Price / SF$63.63
Days on Market113
Property Features for E 16393 E WARREN Avenue Unit SourceFi
General Information
- Standard status
- Active
- Size
- 5,108 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 19
Listing agency
(248) 862-8307
Listed by
Urban Luxury Real Estate
(248) 862-8307
Source
Xome
Added: Mar 31 Updated: Jul 18 at 2:41AM Checked: Jul 21 at 3:14AM
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 Urban Luxury Real Estate
Investment Insights
Based on property information with market context.
This for-sale flex warehouse offers a large, open interior layout designed to accommodate a range of business uses. The space includes two bathrooms and a garage door for convenient loading and access.
Located at E 16393 E Warren Avenue, Unit SourceFi, in Detroit, Michigan 48224, the property is presented for buyers seeking a straightforward building with flexible interior configuration.
The interior is primarily open, with functional support space provided by the two bathrooms and direct overhead/garage door access to the main area.
Located at E 16393 E Warren Avenue, Unit SourceFi, in Detroit, Michigan 48224, the property is presented for buyers seeking a straightforward building with flexible interior configuration.
The interior is primarily open, with functional support space provided by the two bathrooms and direct overhead/garage door access to the main area.
Key Highlights
- Large open‑space flex/warehouse layout with straightforward loading and access
- Includes two bathrooms
- Garage door for easy loading access
Local Financial Insights For Industrial
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 | $41.7k | $8.16 |
| − Vacancy | −$2.3k | −$0.46 |
| EGI | $39.3k | $7.70 |
| − OpEx | −$11.8k | −$2.31 |
| NOI | $27.5k | $5.39 |
5,108 SF · lease $8.16/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$733.0K
$641.4K – $855.2K
NOI $51,309 @ 7.0% cap · market cap 15.79%
Second Best
Warehouse
$477.8K
$418.1K – $557.4K
NOI $33,445 @ 7.0% cap · market cap 10.29%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,188 @ 7.0% cap · market cap 27.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Large open-space flex/warehouse with two bathrooms and a garage door for straightforward loading and access.
Where is this flex space located?
The property is located at E 16393 E WARREN Avenue Unit SourceFi Detroit, MI.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Large open‑space flex/warehouse layout with straightforward loading and access; Includes two bathrooms; Garage door for easy loading access
