Flex Building with
For Sale
$395,000
22134 Van Dyke, Warren, MI 48089
Commercial facility combines customer-facing showroom space with a rear warehouse and grade-level loading access.
Property Size4,800 SF
Price / SF$82.29
Days on Market152
Property Features for 22134 Van Dyke
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Retail - Street Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Additional Details
Drive-In Doors
1
Building Details
Building Size
4,800 SF
Buildings
1
Listing Agency:
Burger & Company
(810) 224-8103
Listed By:
Nicolo Burger · License #6506049079
Source:
Commercialcafe
Added: Apr 2
Changed: Aug 29
Last Checked: Aug 29 at 9:47PM
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.
This 4,800-square-foot flex building pairs a maintained showroom and service counter with a smaller warehouse area at the rear. One 10-foot by 12-foot grade-level door supports receiving and service operations, while fenced on-site parking provides controlled vehicle storage and access.
The property has main-road frontage on Van Dyke and a reported traffic count exceeding 20,000 vehicles per day. It is also near I-696, 8 Mile, and Groesbeck Highway, providing access to several established regional routes. An adjacent lot owned by the City of Warren is available for use, adding parking flexibility to the existing site.
The property has main-road frontage on Van Dyke and a reported traffic count exceeding 20,000 vehicles per day. It is also near I-696, 8 Mile, and Groesbeck Highway, providing access to several established regional routes. An adjacent lot owned by the City of Warren is available for use, adding parking flexibility to the existing site.
Key Highlights
- 4,800‑square‑foot commercial flex building
- Showroom and service counter with a rear warehouse area
- One 10’x12’ grade‑level door
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,659
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$493,180
$493.2K
Cap Rate 7%
$352,271
$352.3K
Cap Rate 9%
$273,989
$274.0K
Market Conditions
NOI Build-Up for 4,800 SF
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.
Gross rent
$36.9K $7.68/SF
− Vacancy
−$1.6K −$0.34/SF
EGI
$35.2K $7.34/SF
− OpEx
−$10.6K −$2.20/SF
NOI
$24.7K $5.14/SF
Area
Warren, MI
Vacancy
4.44%
Lease Rate
$7.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$493,180
Cap Rate 7%
$352,271
Cap Rate 9%
$273,989
Alternative Uses
Best Use
Retail
$844.6K
$739.0K – $985.4K
NOI $59,121 @ 7.0% cap · market cap 14.97%
Second Best
Flex RnD
$703.9K
$615.9K – $821.2K
NOI $49,271 @ 7.0% cap · market cap 12.47%
Theoretical Best
Office A
$1.06M
$926.5K – $1.24M
NOI $74,123 @ 7.0% cap · market cap 18.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
495
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48089, MI
32,012
Population
13,597
Households
2.4
Avg Household Size
35
Median Age
11%
College-Educated
83%
High-School Grad
8.0 sq mi
ZIP Area
4,002
Density / Sq Mi
$53,076
Median Household Income
$35,786
Median Earnings
$1,187
Median Rent
$117,300
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial facility combines customer-facing showroom space with a rear warehouse and grade-level loading access.
Where is this flex space located?
The property is located at 22134 Van Dyke Warren, MI.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 4,800‑square‑foot commercial flex building; Showroom and service counter with a rear warehouse area; One 10’x12’ grade‑level door
