Flex Space with Overhead
For Sale
Contact for pricing
21270 W Eight Mile Rd, Southfield, MI 48075
Industrial flex property with secure fenced storage and prominent main-road signage.
Property Size6,963 SF
Lot Size0.72 Acres
Price / SF$114.89
Days on Market65
Property Features for 21270 W Eight Mile Rd
General Information
Standard status
Active
Size
6,963 SF
Lot size
0.72 Acres
Property subtype
Industrial, Office
Site & Location
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Clear Height
16 ft
Building Details
Year Built
1953
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
ACRES Group
Listed By:
Drew Sparks · License #6501469579
Source:
Crexi
Added: Aug 17
Changed: Oct 4
Last Checked: Oct 20 at 7:29PM
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 ACRES Group
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Investment Insights
Based on property information with market context.
This flex space was built in 1953 and provides 6,963 square feet of commercial building area. The facility features 16-foot clear ceiling height, two overhead doors, and one truck well to support loading and operational access.
The property occupies approximately 0.72 acres and includes fenced, secure outdoor storage. Main-road signage provides an additional property feature for users requiring visible identification from the roadway.
The property occupies approximately 0.72 acres and includes fenced, secure outdoor storage. Main-road signage provides an additional property feature for users requiring visible identification from the roadway.
Key Highlights
- 6,963 square feet of flex space
- 16‑foot clear ceiling height
- Two overhead doors and one truck well
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,017
Cap Rate
9.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,440,340
$1.4M
Cap Rate 7%
$1,028,814
$1.0M
Cap Rate 9%
$800,189
$800.2K
Market Conditions
NOI Build-Up for 6,963 SF
Gross rent
$125.3K $18.00/SF
− Vacancy
−$14.5K −$2.09/SF
EGI
$110.8K $15.91/SF
− OpEx
−$38.8K −$5.57/SF
NOI
$72.0K $10.34/SF
Area
Oakland County, MI
Vacancy
11.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,440,340
Cap Rate 7%
$1,028,814
Cap Rate 9%
$800,189
Alternative Uses
Best Use
Flex RnD
$1.03M
$900.2K – $1.20M
NOI $72,017 @ 7.0% cap · market cap 9.00%
Second Best
Warehouse
$598.5K
$523.7K – $698.2K
NOI $41,892 @ 7.0% cap · market cap 5.24%
Theoretical Best
Specialty Retail
$1.50M
$1.31M – $1.75M
NOI $105,130 @ 7.0% cap · market cap 13.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
16 ft
Clear height
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
914
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48075, MI
22,967
Population
10,757
Households
2.1
Avg Household Size
42
Median Age
39%
College-Educated
95%
High-School Grad
7.3 sq mi
ZIP Area
3,146
Density / Sq Mi
$67,630
Median Household Income
$43,417
Median Earnings
$1,284
Median Rent
$218,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- SJAC Events — 22001 Northwestern Hwy, Southfield, MI 48075
Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex property with secure fenced storage and prominent main-road signage.
Where is this flex space located?
The property is located at 21270 W Eight Mile Rd Southfield, MI.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: 6,963 square feet of flex space; 16‑foot clear ceiling height; Two overhead doors and one truck well
