1640 E 9 Mile Rd, Ferndale, MI
Industrial building with vacant lot near I-75 and Woodward.
- Added:
- Apr 1, 2025
- Days on Market:
- 440
- Last Refresh:
- May 20 at 8:43 pm
Property Features for 1640 E 9 Mile Rd
General Information
- Standard status
- Active
- Size
- 57,031 SF
- Lot size
- 0.69 Acres
- Property subtype
- INDUSTRIAL
Listing agent Zach Resnick License #6501371174
Listing office JLL | Detroit (248) 581-3300
Listing date Apr 1, 2025
Source Moodyscre
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 JLL | Detroit
HighLights
- 0.20 acre vacant lot included
- Proximity to I‑75 and Woodward Avenue
- Two exterior docks
- Featuring three 12’ x 14’ grade level doors
- Gated parking and outdoor storage
- Benefit from 14’-18’ clear height
Overview
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 |
Alternative Uses
Current Use by Public Records
Similar Places 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
Location Insight
- Map
- Local Demand
- City
- Ferndale
- County
- Oakland
- State
- Michigan
- Longitude
- -83.1408
- Latitude
- 42.4609
