Flex Industrial
18703 E 10 Mile Road Roseville, MI 48066
18703 E 10 Mile Road, Roseville, MI, 48066
$255,000
For Sale
$255,000
Open-box warehouse with a side entrance overhead door, recently updated electrical, and a new asphalt parking lot.
Property Size2,400 SF
Price / SF$106.25
Days on Market31
Property Features for 18703 E 10 Mile Road
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1965
Listing agency
Jim Saros Real Estate Services
(313) 513-0984
Listed by
Daniel DeKeyser
(313) 513-0984
Source
Homesforsaleinmich
Added: Jun 23 Updated: Jul 22 at 1:20PM Checked: Jul 22 at 1:20PM
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 Jim Saros Real Estate Services
Investment Insights
Based on property information with market context.
This flex industrial warehouse offers an open-box layout designed to be easily reconfigured for a variety of business uses. The property includes a side entrance with an overhead door, providing practical access for day-to-day operations. Recent updates include an updated electrical system and a new asphalt parking lot.
The building is located in the city of Roseville in a high-traffic area at 10 Mile Road and Kelly Rd, just west of I-94. It benefits from ample parking and convenient access from both side streets and the main road at a busy intersection.
The owner is motivated and will consider a sale or lease of the building.
The building is located in the city of Roseville in a high-traffic area at 10 Mile Road and Kelly Rd, just west of I-94. It benefits from ample parking and convenient access from both side streets and the main road at a busy intersection.
The owner is motivated and will consider a sale or lease of the building.
Key Highlights
- Open‑box commercial building/warehouse with 2,400 SF and a transformable layout for multiple business types
- Side entrance includes an overhead door for warehouse/loading access
- Recent updates include new asphalt parking lot and updated electrical
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 | $19.6k | $8.16 |
| − Vacancy | −$1.1k | −$0.46 |
| EGI | $18.5k | $7.70 |
| − OpEx | −$2.8k | −$1.16 |
| NOI | $15.7k | $6.55 |
2,400 SF · lease $8.16/SF/yr · vacancy 5.60% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$389.4K
$340.7K – $454.3K
NOI $27,259 @ 7.0% cap · market cap 10.69%
Second Best
Warehouse
$224.5K
$196.4K – $261.9K
NOI $15,714 @ 7.0% cap · market cap 6.16%
Theoretical Best
Specialty Retail
$449.3K
$393.2K – $524.2K
NOI $31,452 @ 7.0% cap · market cap 12.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Uncle D's BBQ 2 You — 17245 lowell st, roseville, mi 48066
FAQs
What type of property is this?
Flex space - Open-box warehouse with a side entrance overhead door, recently updated electrical, and a new asphalt parking lot.
Where is this flex space located?
The property is located at 18703 E 10 Mile Road Roseville, MI.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Open‑box commercial building/warehouse with 2,400 SF and a transformable layout for multiple business types; Side entrance includes an overhead door for warehouse/loading access; Recent updates include new asphalt parking lot and updated electrical
