Detroit Office and Industrial
For Sale
$725,000
18101-18111 E Warren Ave., Detroit, MI 48224
9,252 SF office and industrial space for sale.
Property Size9,252 SF
Price / SF$78.36
Days on Market195
Property Features for 18101-18111 E Warren Ave.
General Information
Standard status
Active
Size
9,252 SF
Property subtype
Office
Zoning
B4
Building Details
Building Size
9,252 SF
Year Built
1953
Listing Agency:
Friedman Integrated Real Estate
Listed By:
Marc Hames
(313) 570-3830
Source:
Friedmanrealestate
Added: Mar 26
Changed: Sep 10
Last Checked: Oct 5 at 4:53PM
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 Friedman Integrated Real Estate
Investment Insights
Based on property information with market context.
This commercial property, located in Detroit, Michigan, offers 9,252 square feet of office and industrial space. The property is suitable for office and industrial use.
Key Highlights
- Office space available, perfect for your business needs.
- Offers 9,252 SF of space.
- Built in 1953.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,888
Cap Rate
6.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$997,760
$997.8K
Cap Rate 7%
$712,686
$712.7K
Cap Rate 9%
$554,311
$554.3K
Market Conditions
NOI Build-Up for 9,252 SF
Gross rent
$75.5K $8.16/SF
− Vacancy
−$4.2K −$0.46/SF
EGI
$71.3K $7.70/SF
− OpEx
−$21.4K −$2.31/SF
NOI
$49.9K $5.39/SF
Area
ZIP 48224
Vacancy
5.60%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$997,760
Cap Rate 7%
$712,686
Cap Rate 9%
$554,311
Alternative Uses
Best Use
Office B
$2.10M
$1.84M – $2.45M
NOI $146,935 @ 7.0% cap · market cap 20.27%
Second Best
Industrial
$712.7K
$623.6K – $831.5K
NOI $49,888 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$2.33M
$2.04M – $2.72M
NOI $163,356 @ 7.0% cap · market cap 22.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,115
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48224, MI
39,633
Population
16,786
Households
2.4
Avg Household Size
33
Median Age
14%
College-Educated
84%
High-School Grad
5.8 sq mi
ZIP Area
6,833
Density / Sq Mi
$42,963
Median Household Income
$30,997
Median Earnings
$1,213
Median Rent
$77,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Detroit, MI
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Frequently Asked Questions
What type of property is this?
Office space - 9,252 SF office and industrial space for sale.
Where is this office space located?
The property is located at 18101-18111 E Warren Ave. Detroit, MI.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Office space available, perfect for your business needs.; Offers 9,252 SF of space.; Built in 1953.
