Two-Unit Flex Industrial
20200 Lorne St Taylor, MI 48180
20200 Lorne St, Taylor, MI, 48180
$325,000
For Sale
$325,000
Two flex/industrial buildings total 3,000 SF with grade level loading, clear span shop space, and a fenced gravel yard.
Property Size3,000 SF
Price / SF$108.33
Days on Market119
Property Features for 20200 Lorne St
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Industrial
Listing agency
Burger & Company
(810) 224-8103
Listed by
Niko Ponos · License #6506049079
Source
Cpix.resimplifi
Added: Mar 25 Updated: Jul 21 at 6:18AM Checked: Jul 21 at 6:18AM
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 Burger & Company
Investment Insights
Based on property information with market context.
Two (2) buildings totaling 3,000 square feet are available for sale at 20212 Lorne and 20200 Lorne. The buildings provide clear span shop space and include two grade level doors sized 12’x12’ and 8’x8’.
The property offers 12’9” clear height and features a fenced gravel yard. Immediate access to I-94 is noted, with close proximity to Telegraph/Southfield freeway.
20200 Lorne is currently leased on a month-to-month basis at $800 per month.
The property offers 12’9” clear height and features a fenced gravel yard. Immediate access to I-94 is noted, with close proximity to Telegraph/Southfield freeway.
20200 Lorne is currently leased on a month-to-month basis at $800 per month.
Key Highlights
- Two industrial/flex buildings totaling 3,000 SF: 20212 Lorne (1,800 SF) and 20200 Lorne (1,200 SF)
- Immediate access to I‑94 with close proximity to Telegraph / Southfield freeway
- Includes two grade level doors: 12' x 12' and 8' x 8'
Local Financial Insights For Flex RnD
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 | $30.2k | $10.08 |
| − Vacancy | −$1.1k | −$0.37 |
| EGI | $29.1k | $9.71 |
| − OpEx | −$10.2k | −$3.40 |
| NOI | $18.9k | $6.31 |
3,000 SF · lease $10.08/SF/yr · vacancy 3.70% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$270.4K
$236.6K – $315.5K
NOI $18,929 @ 7.0% cap · market cap 5.82%
Second Best
Warehouse
$269.4K
$235.7K – $314.3K
NOI $18,859 @ 7.0% cap · market cap 5.80%
Theoretical Best
Specialty Retail
$555.4K
$486.0K – $648.0K
NOI $38,880 @ 7.0% cap · market cap 11.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Hvac Systems
General Contractor
Similar For Sale Nearby
Similar Off Market Nearby
- Veronica's Catering — 19232 Van Born Rd, Dearborn Heights, MI 48125
FAQs
What type of property is this?
Flex space - Two flex/industrial buildings total 3,000 SF with grade level loading, clear span shop space, and a fenced gravel yard.
Where is this flex space located?
The property is located at 20200 Lorne St Taylor, MI.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two industrial/flex buildings totaling 3,000 SF: 20212 Lorne (1,800 SF) and 20200 Lorne (1,200 SF); Immediate access to I‑94 with close proximity to Telegraph / Southfield freeway; Includes two grade level doors: 12' x 12' and 8' x 8'
