Industrial Property with Outside
For Sale
Contact for pricing
2000 W Lafayette Blvd, Detroit, MI 48216
Industrial property featuring a break room, substantial parking, and outdoor storage capacity.
Property Size21,216 SF
Price / SF$146.12
Days on Market236
Property Features for 2000 W Lafayette Blvd
General Information
Standard status
Active
Size
21,216 SF
Property subtype
Industrial
Zoning
M4, Intensive Ind.
Additional Details
Outdoor Storage
Yes
Amenities
Break room
Building Details
Year Built
1990
Listing Agency:
Signature Associates Southfield
Listed By:
Chris Monsour · License #MI 6502135141
Source:
Crexi
Added: Feb 25
Changed: Oct 4
Last Checked: Oct 19 at 4:19AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This industrial property includes a break room, parking, and outside storage. The building dates to 1990 and is designated M4 under the stated zoning classification.
Located at 2000 Lafayette Blvd in Detroit, Michigan, the property offers an industrial building configuration with supporting parking and outdoor storage areas. The recorded property size is 21216.
Located at 2000 Lafayette Blvd in Detroit, Michigan, the property offers an industrial building configuration with supporting parking and outdoor storage areas. The recorded property size is 21216.
Key Highlights
- Outside storage area
- Break room included
- Heavy parking available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$151,181
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,023,620
$3.0M
Cap Rate 7%
$2,159,729
$2.2M
Cap Rate 9%
$1,679,789
$1.7M
Market Conditions
NOI Build-Up for 21,216 SF
Gross rent
$185.9K $8.76/SF
− Vacancy
−$8.0K −$0.38/SF
EGI
$177.9K $8.38/SF
− OpEx
−$26.7K −$1.26/SF
NOI
$151.2K $7.13/SF
Area
Detroit, MI
Vacancy
4.30%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,023,620
Cap Rate 7%
$2,159,729
Cap Rate 9%
$1,679,789
Alternative Uses
Best Use
Warehouse
$2.16M
$1.89M – $2.52M
NOI $151,181 @ 7.0% cap · market cap 4.88%
Second Best
Industrial
$1.47M
$1.29M – $1.72M
NOI $103,188 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$4.68M
$4.10M – $5.46M
NOI $327,623 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
600
Businesses Nearby
Explore this area
Business Placement
Demographics for 48216, MI
5,031
Population
3,398
Households
1.5
Avg Household Size
35
Median Age
37%
College-Educated
87%
High-School Grad
2.3 sq mi
ZIP Area
2,187
Density / Sq Mi
$42,278
Median Household Income
$42,189
Median Earnings
$860
Median Rent
$225,300
Median Home Value
Market
Vacancy Rate% for Industrial in Detroit, MI
Frequently Asked Questions
What type of property is this?
Industrial property - Industrial property featuring a break room, substantial parking, and outdoor storage capacity.
Where is this industrial property located?
The property is located at 2000 W Lafayette Blvd Detroit, MI.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Outside storage area; Break room included; Heavy parking available
