23840 W 8 Mile Rd, Southfield, MI 48033
Industrial property available for purchase.
- Added:
- Jun 27, 2025
- Days on Market:
- 375
- Last Refresh:
- Mar 17 at 1:19 pm
Property Features for 23840 W 8 Mile Rd
General Information
- Standard status
- Active
- Size
- 89,210 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1963
Listing office Thomas Duke Company (248) 476-3700
Listing date Jun 27, 2025
Source Crexi
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 Thomas Duke Company
HighLights
- Established neighborhood (built in 1963)
- For Sale
Overview
Local Financial Insights For Industrial
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 | $655.7k | $7.35 |
| − Vacancy | −$24.3k | −$0.27 |
| EGI | $631.4k | $7.08 |
| − OpEx | −$189.4k | −$2.12 |
| NOI | $442.0k | $4.95 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Southfield
- County
- Oakland
- State
- Michigan
- Longitude
- -83.294
- Latitude
- 42.4723
