Flex Space with Loading
For Sale
Contact for pricing
1681-1721 Maplelane Avenue, Hazel Park, MI 48030
Air conditioning and truck access support a range of flex-space operations.
Property Size3,200 SF
Price / SF$0.75
Days on Market18
Property Features for 1681-1721 Maplelane Avenue
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Year Built
1990
Listing Agency:
Pilot Property Group - Residential LLC
(586) 254-0900
Listed By:
Anthony U Rubino · License #6502425251
(586) 873-5419
Source:
Goodhomemi
Added: Oct 15
Changed: Oct 30
Last Checked: Oct 31 at 11:11PM
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 Pilot Property Group - Residential LLC
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Investment Insights
Based on property information with market context.
This 3,200-square-foot flex space was built in 1990 and is fully air conditioned. Two 10 x 12-foot overhead doors and a loading dock provide truck access, while the office area can be configured to suit the occupant’s needs.
I-75 and I-696 are nearby. Flexible sublease terms are available.
I-75 and I-696 are nearby. Flexible sublease terms are available.
Key Highlights
- 3,200 square feet of flex space
- Two 10 x 12 ft overhead doors
- Loading dock and truck access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,855
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,100
$317.1K
Cap Rate 7%
$226,500
$226.5K
Cap Rate 9%
$176,167
$176.2K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$23.5K $7.35/SF
− Vacancy
−$870 −$0.27/SF
EGI
$22.6K $7.08/SF
− OpEx
−$6.8K −$2.12/SF
NOI
$15.9K $4.95/SF
Area
Oakland County, MI
Vacancy
3.70%
Lease Rate
$7.35 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,100
Cap Rate 7%
$226,500
Cap Rate 9%
$176,167
Alternative Uses
Best Use
Flex RnD
$472.8K
$413.7K – $551.6K
NOI $33,097 @ 7.0% cap · market cap 1,379.04%
Second Best
Warehouse
$275.0K
$240.7K – $320.9K
NOI $19,252 @ 7.0% cap · market cap 802.17%
Theoretical Best
Specialty Retail
$690.2K
$603.9K – $805.3K
NOI $48,315 @ 7.0% cap · market cap 2,013.13%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
432
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48030, MI
14,983
Population
7,149
Households
2.1
Avg Household Size
38
Median Age
25%
College-Educated
90%
High-School Grad
2.8 sq mi
ZIP Area
5,351
Density / Sq Mi
$62,878
Median Household Income
$42,374
Median Earnings
$1,221
Median Rent
$141,200
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Detroit BBQ Company — 711 east 8 mile road, ferndale, mi 48220
Frequently Asked Questions
What type of property is this?
Flex space - Air conditioning and truck access support a range of flex-space operations.
Where is this flex space located?
The property is located at 1681-1721 Maplelane Avenue Hazel Park, MI.
What are key features of this property?
This property features: 3,200 square feet of flex space; Two 10 x 12 ft overhead doors; Loading dock and truck access
