Ferndale Warehouse with Gated
1640-1700 E 9 Mile Rd Ferndale, MI 48220
1640-1700 E 9 Mile Rd, Ferndale, MI, 48220
$4,500,000
For Sale
$4,500,000
Warehouse with gated parking, convenient access to I-75.
Property Size57,031 SF
Price / SF$78.90
Days on Market94
Property Features for 1640-1700 E 9 Mile Rd
General Information
- Standard status
- Active
- Size
- 57,031 SF
- Property subtype
- industrial
Listing Agency
Detroit
(248) 581-3263
Listed by
Zach Resnick · License #6501371174
(248) 581-3263
Source
Property.jll
Added: Apr 15 Checked: Jul 17 at 2:45 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 Detroit
Investment Insights
Based on property information with market context.
This commercial property features warehouse and industrial space. The building offers 14’-18’ clear height. It includes two exterior docks and two 12'x14' grade-level doors. Gated parking and outdoor storage are available. The property has exposure on Nine Mile Road and is located in proximity to I-75 and Woodward Avenue. The current tenant is vacating in August 2024. The property size is 57031 square feet.
Key Highlights
- Proximity to I‑75 and Woodward Ave.
- Two exterior docks
- 14’ - 18’ clear height
Local Financial Insights For Warehouse
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 | $419.2k | $7.35 |
| − Vacancy | −$15.5k | −$0.27 |
| EGI | $403.7k | $7.08 |
| − OpEx | −$60.6k | −$1.06 |
| NOI | $343.1k | $6.02 |
57,031 SF · lease $7.35/SF/yr · vacancy 3.70% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$4.90M
$4.29M – $5.72M
NOI $343,118 @ 7.0% cap · market cap 7.62%
Second Best
Industrial
$4.04M
$3.53M – $4.71M
NOI $282,568 @ 7.0% cap · market cap 6.28%
Theoretical Best
Specialty Retail
$12.30M
$10.76M – $14.35M
NOI $861,077 @ 7.0% cap · market cap 19.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Warehouses
Similar For Sale Nearby
Similar Off Market Nearby
- Expedite Connect Services — 22007 Woodward Ave SUITE#9, Ferndale, MI 48220
- iStorage — 181 W Marshall St, Ferndale, MI 48220
- Self Storage — 22647 woodward ave, ferndale, mi 48220
- Near-By Storage Units — 345 E 9 Mile Rd, Ferndale, MI 48220
- Movin N Groovin Moving Company — 22750 Woodward Ave #206, Ferndale, MI 48220
FAQs
What type of property is this?
Warehouse - Warehouse with gated parking, convenient access to I-75.
Where is this warehouse located?
The property is located at 1640-1700 E 9 Mile Rd Ferndale, MI.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Proximity to I‑75 and Woodward Ave.; Two exterior docks; 14’ - 18’ clear height
