Flex/Industrial Building with
18703 E 10 Mile Road Unit SourceFi Roseville, MI 48066
18703 E 10 Mile Road Unit SourceFi, Roseville, MI, 48066
$255,000
For Sale
$255,000
Open-box flex/industrial layout with a side entrance overhead door and recent updates including parking and electrical.
Property Size2,400 SF
Price / SF$106.25
Days on Market32
Property Features for 18703 E 10 Mile Road Unit SourceFi
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 19
Listing agency
(313) 513-0984
Listed by
Jim Saros Real Estate Services
(313) 513-0984
Source
Xome
Added: Jun 20 Updated: Jul 18 at 2:01AM Checked: Jul 21 at 3:07AM
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 building offers an open-box layout designed to be easily transformed for a range of commercial uses. The property features a side entrance overhead door and includes recent updates such as new asphalt parking and updated electrical.
Located in the City of Roseville in a high-traffic area near the intersection of 10 Mile Road and Kelly Rd, the building sits just west of I-94. It benefits from ample parking and access from both side streets and the main road.
The owner is motivated and will consider the option to lease or sell the building.
Located in the City of Roseville in a high-traffic area near the intersection of 10 Mile Road and Kelly Rd, the building sits just west of I-94. It benefits from ample parking and access from both side streets and the main road.
The owner is motivated and will consider the option to lease or sell the building.
Key Highlights
- Approximately 2,400 SF open‑box flex/industrial building with an easily transformable layout for multiple business types
- Side entrance overhead door for convenient access
- Recent updates include new asphalt parking lot and updated electrical
Local Financial Insights For Industrial
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 | −$5.5k | −$2.31 |
| NOI | $12.9k | $5.39 |
2,400 SF · lease $8.16/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$389.4K
$340.7K – $454.3K
NOI $27,259 @ 7.0% cap · market cap 10.69%
Second Best
Industrial
$184.9K
$161.8K – $215.7K
NOI $12,941 @ 7.0% cap · market cap 5.07%
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 flex/industrial layout with a side entrance overhead door and recent updates including parking and electrical.
Where is this flex space located?
The property is located at 18703 E 10 Mile Road Unit SourceFi 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: Approximately 2,400 SF open‑box flex/industrial building with an easily transformable layout for multiple business types; Side entrance overhead door for convenient access; Recent updates include new asphalt parking lot and updated electrical
