Flex Space with Gated
New
For Sale
$750,000
25120 Trowbridge St, Dearborn, MI 48124
Office, shop, warehouse, and storage areas share a brick building with a secured paved rear lot.
Property Size9,252 SF
Lot Size0.51 Acres
Price / SF$81.06
Days on Market4
Property Features for 25120 Trowbridge St
General Information
Standard status
Active
Size
9,252 SF
Lot size
0.51 Acres
Property subtype
Commercial
Site & Location
Fenced Yard
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$10,005
Building Details
Building Size
9,252 SF
Year Built
1957
Buildings
1
Construction
brick
Listing Agency:
Redefine Real Estate
Listed By:
Matthew Talbot · License #6501403619
(734) 259-6981
Source:
Elliman
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 9 at 11:56PM
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 Redefine Real Estate
Investment Insights
Based on property information with market context.
This 9,252-square-foot flex property on 0.51 acres combines office, shop, warehouse, and storage areas within one building. Multiple office spaces are separated from operational work areas while remaining connected. The property also includes high ceilings, overhead access, and brick construction.
A paved, gated rear lot provides additional outdoor space. Municipal water and sanitary sewer serve the property, which was built in 1957. The location offers access to Michigan Avenue and surrounding major roadways.
A paved, gated rear lot provides additional outdoor space. Municipal water and sanitary sewer serve the property, which was built in 1957. The location offers access to Michigan Avenue and surrounding major roadways.
Key Highlights
- 9,252 SF building on 0.51 acres
- Office, shop, warehouse, and storage areas under one roof
- High ceilings and overhead access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,860
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,157,200
$1.2M
Cap Rate 7%
$826,571
$826.6K
Cap Rate 9%
$642,889
$642.9K
Market Conditions
NOI Build-Up for 9,252 SF
Gross rent
$71.1K $7.68/SF
− Vacancy
−$3.0K −$0.32/SF
EGI
$68.1K $7.36/SF
− OpEx
−$10.2K −$1.10/SF
NOI
$57.9K $6.25/SF
Area
Dearborn, MI
Vacancy
4.20%
Lease Rate
$7.68 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,157,200
Cap Rate 7%
$826,571
Cap Rate 9%
$642,889
Alternative Uses
Best Use
Flex RnD
$1.16M
$1.02M – $1.36M
NOI $81,403 @ 7.0% cap · market cap 10.85%
Second Best
Warehouse
$826.6K
$723.3K – $964.3K
NOI $57,860 @ 7.0% cap · market cap 7.71%
Theoretical Best
Office A
$2.04M
$1.79M – $2.38M
NOI $142,872 @ 7.0% cap · market cap 19.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
581
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48124, MI
34,134
Population
14,787
Households
2.3
Avg Household Size
39
Median Age
40%
College-Educated
94%
High-School Grad
8.8 sq mi
ZIP Area
3,879
Density / Sq Mi
$78,353
Median Household Income
$49,103
Median Earnings
$1,280
Median Rent
$192,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Flex space - Office, shop, warehouse, and storage areas share a brick building with a secured paved rear lot.
Where is this flex space located?
The property is located at 25120 Trowbridge St Dearborn, MI.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 9,252 SF building on 0.51 acres; Office, shop, warehouse, and storage areas under one roof; High ceilings and overhead access
