Detroit Flex Industrial and
For Sale
Contact for pricing
17129 Rockdale St., Detroit, MI 48219
Two abutting properties: flex industrial/office and garage units for sale.
Property Size2,230 SF
Lot Size0.39 Acres
Price / SF$269.06
Days on Market389
Property Features for 17129 Rockdale St.
General Information
Standard status
Active
Size
2,230 SF
Class
C
Lot size
0.39 Acres
Property subtype
Industrial, Special Purpose
Zoning
B4 General Business District
Investment Type
Owner/User
Building Details
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
NAI Farbman
(248) 563-0739
Listed By:
Wendy Acho · License #MI 6501411463
Source:
Crexi
Added: Jul 19, 2025
Changed: Aug 8
Last Checked: Aug 10 at 3:53PM
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 NAI Farbman
Investment Insights
Based on property information with market context.
Two abutting properties located on Rockdale St in Detroit, MI, near Lahser Rd and McNichols Rd, are available for sale either as a portfolio or separately. The first property, located at 17129 Rockdale St, is a flex industrial and office space. It features 2,230 square feet of space on a 0.14-acre lot (118 x 50 lot). The property is zoned B4 General Business District and has a parcel ID of 22114297. The second property, located at 17135 Rockdale St, consists of garage units. It is zoned B4 General Business District and sits on a 0.25-acre lot (10,733 square feet or 96 x 112 lot) with parcel ID 22114295-6.
Key Highlights
- Two abutting properties offered as a portfolio or separately.
- Flex Industrial with Office space available.
- Zoned B4 General Business District.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,467
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$549,340
$549.3K
Cap Rate 7%
$392,386
$392.4K
Cap Rate 9%
$305,189
$305.2K
Market Conditions
NOI Build-Up for 2,230 SF
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.
Gross rent
$41.5K $18.60/SF
− Vacancy
−$2.2K −$1.00/SF
EGI
$39.2K $17.60/SF
− OpEx
−$11.8K −$5.28/SF
NOI
$27.5K $12.32/SF
Area
ZIP 48219
Vacancy
5.40%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$549,340
Cap Rate 7%
$392,386
Cap Rate 9%
$305,189
Alternative Uses
Best Use
Retail
$392.4K
$343.3K – $457.8K
NOI $27,467 @ 7.0% cap · market cap 4.58%
Second Best
Office B
$360.8K
$315.7K – $420.9K
NOI $25,255 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$458.0K
$400.8K – $534.4K
NOI $32,062 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
370
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48219, MI
46,811
Population
20,815
Households
2.2
Avg Household Size
37
Median Age
13%
College-Educated
87%
High-School Grad
8.4 sq mi
ZIP Area
5,573
Density / Sq Mi
$43,882
Median Household Income
$31,187
Median Earnings
$1,037
Median Rent
$84,500
Median Home Value
Market
Vacancy Rate% for Office in Detroit, MI
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Frequently Asked Questions
What type of property is this?
Flex space - Two abutting properties: flex industrial/office and garage units for sale.
Where is this flex space located?
The property is located at 17129 Rockdale St. Detroit, MI.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Two abutting properties offered as a portfolio or separately.; Flex Industrial with Office space available.; Zoned B4 General Business District.
