Highland Park Warehouse For
For Sale
Contact for pricing
17905 Chrysler Dr, Highland Park, MI 48390
3,300 sqft warehouse available for purchase in Highland Park.
Property Size3,300 SF
Price / SF$89.39
Days on Market834
Property Features for 17905 Chrysler Dr
General Information
Standard status
Active
Size
3,300 SF
Class
C
Property subtype
Industrial
Zoning
M4
Building Details
Buildings
1
Stories
1
Listing Agency:
Signature Associates Southfield
Listed By:
Joe Stack · License #MI
(248) 359-0615
Source:
Crexi
Added: Jun 25, 2024
Changed: Sep 26
Last Checked: Oct 5 at 3:38PM
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 Signature Associates Southfield
Investment Insights
Based on property information with market context.
This 3,300 square foot warehouse is available for sale. The property is located in Highland Park, Michigan.
Key Highlights
- No property information was provided to analyze.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,854
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,080
$397.1K
Cap Rate 7%
$283,629
$283.6K
Cap Rate 9%
$220,600
$220.6K
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$24.3K $7.35/SF
− Vacancy
−$897 −$0.27/SF
EGI
$23.4K $7.08/SF
− OpEx
−$3.5K −$1.06/SF
NOI
$19.9K $6.02/SF
Area
Oakland County, MI
Vacancy
3.70%
Lease Rate
$7.35 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,080
Cap Rate 7%
$283,629
Cap Rate 9%
$220,600
Alternative Uses
Best Use
Warehouse
$283.6K
$248.2K – $330.9K
NOI $19,854 @ 7.0% cap · market cap 6.73%
Second Best
Industrial
$233.6K
$204.4K – $272.5K
NOI $16,350 @ 7.0% cap · market cap 5.54%
Theoretical Best
Specialty Retail
$711.8K
$622.8K – $830.4K
NOI $49,825 @ 7.0% cap · market cap 16.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
227
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48390, MI
24,273
Population
10,995
Households
2.2
Avg Household Size
44
Median Age
43%
College-Educated
96%
High-School Grad
12.5 sq mi
ZIP Area
1,942
Density / Sq Mi
$89,411
Median Household Income
$53,442
Median Earnings
$1,575
Median Rent
$287,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - 3,300 sqft warehouse available for purchase in Highland Park.
Where is this warehouse located?
The property is located at 17905 Chrysler Dr Highland Park, MI.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: No property information was provided to analyze.
