Industrial Building with Fenced
21260 W 8 Mile Rd, Southfield, MI 48033
For Sale
New
$1,980,000
A renovated office, substantial power service, and a drive-in door support the building’s industrial configuration.
Property Size15,597 SF
Lot Size1.02 Acres
Price / SF$126.95
Days on Market5
Property Features for 21260 W 8 Mile Rd
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Site & Location
Road Access
Fenced Yard
Utilities to Site
Warehouse & Industrial
Clear Height
Drive-In Doors
Power
Three-Phase Power
Amenities
Security cameras
Electronic entrances
Building Details
Building Size
Year Renovated
Buildings
Listing Agency:
TDG Commercial
Listed By:
Brock Bean · License MI #6501462328
(586) 876-1140
Source:
Cpix.resimplifi
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 10 at 5:10AM
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 TDG Commercial
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Investment Insights
Based on property information with market context.
The 15,597-square-foot industrial building dates to 1947 and includes an office reconstructed in 2018, along with a newer roof and mechanical systems. Industrial features include 22-foot clear height, 1,000-amp, three-phase power, and a drive-in door with 16-foot clearance. A 15-ton HVAC system, 16 security cameras, electronic entrances, municipal water, and sanitary sewer serve the property. The 1.02-acre parcel is paved and fenced, with 25 parking spaces and 88 feet of frontage on 8 Mile Road.
The property is at 21260 W 8 Mile Rd in Southfield, east of Telegraph Road, in a Metro Detroit industrial corridor. Zoning is 1-1 Industrial. Nearby businesses named include Lear Corporation, Page Toyota, Sam’s Club, and Corewell Health Farmington Hills Hospital.
The property is at 21260 W 8 Mile Rd in Southfield, east of Telegraph Road, in a Metro Detroit industrial corridor. Zoning is 1-1 Industrial. Nearby businesses named include Lear Corporation, Page Toyota, Sam’s Club, and Corewell Health Farmington Hills Hospital.
Key Highlights
- 15,597‑square‑foot industrial building on a 1.02‑acre paved, fenced parcel
- 22‑foot clear height and 1,000‑amp, 3‑phase power service
- One drive‑in door with 16‑foot clearance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,277
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,545,540
$1.5M
Cap Rate 7%
$1,103,957
$1.1M
Cap Rate 9%
$858,633
$858.6K
Market Conditions
NOI Build-Up for 15,597 SF
Gross rent
$114.6K $7.35/SF
− Vacancy
−$4.2K −$0.27/SF
EGI
$110.4K $7.08/SF
− OpEx
−$33.1K −$2.12/SF
NOI
$77.3K $4.95/SF
Area
Oakland County, MI
Vacancy
3.70%
Lease Rate
$7.35 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,545,540
Cap Rate 7%
$1,103,957
Cap Rate 9%
$858,633
Alternative Uses
Best Use
Industrial
$1.10M
$966.0K – $1.29M
NOI $77,277 @ 7.0% cap · market cap 3.90%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.36M
$2.94M – $3.92M
NOI $235,490 @ 7.0% cap · market cap 11.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
22 ft
Clear height
1
Drive-in doors
Yes
Fenced yard
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
263
Businesses Nearby
Explore this area
Business Placement
Demographics for 48033, MI
17,207
Population
9,198
Households
1.9
Avg Household Size
47
Median Age
33%
College-Educated
93%
High-School Grad
9.1 sq mi
ZIP Area
1,891
Density / Sq Mi
$55,599
Median Household Income
$45,192
Median Earnings
$1,242
Median Rent
$195,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Industrial properties in Oakland County, MI
Properties on Market for Industrial properties in Oakland County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Industrial property - A renovated office, substantial power service, and a drive-in door support the building’s industrial configuration.
Where is this industrial property located?
The property is located at 21260 W 8 Mile Rd Southfield, MI.
What is the asking price?
The asking price for this property is $1,980,000.
What are key features of this property?
This property features: 15,597‑square‑foot industrial building on a 1.02‑acre paved, fenced parcel; 22‑foot clear height and 1,000‑amp, 3‑phase power service; One drive‑in door with 16‑foot clearance
