Manufacturing Property with Road
For Sale
$395,000
25197 Eight Mile, Redford, MI 48240
Offers direct access to M-5 and Telegraph with exposure along 8 Mile Road.
Property Size3,740 SF
Days on Market152
Property Features for 25197 Eight Mile
General Information
Standard status
Active
Size
3,740 SF
Property subtype
Industrial - Manufacturing
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Asking Price
$395,000
Building Details
Building Size
3,740 SF
Listing Agency:
Burger & Company
(734) 890-4609
Listed By:
Jack Bushart · License #6501442083
Source:
Commercialcafe
Added: Apr 2
Changed: Aug 30
Last Checked: Aug 30 at 8:00PM
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 manufacturing property is positioned along 8 Mile Road in Redford, Michigan, with frontage on a busy commercial thoroughfare. The site provides access to M-5 and Telegraph, connecting the property to established regional routes.
Traffic volume is approximately 34,758 cars per day on 8 Mile Road, based on 2025 information. The property’s manufacturing classification and prominent road position provide a clear foundation for industrial occupancy or related commercial operations.
Traffic volume is approximately 34,758 cars per day on 8 Mile Road, based on 2025 information. The property’s manufacturing classification and prominent road position provide a clear foundation for industrial occupancy or related commercial operations.
Key Highlights
- Manufacturing property classification
- Frontage on 8 Mile Road
- Approximately 34,758 cars of traffic per day (2025)
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
$18,190
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
4.61%
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%
$363,800
$363.8K
Cap Rate 7%
$259,857
$259.9K
Cap Rate 9%
$202,111
$202.1K
Market Conditions
NOI Build-Up for 3,740 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
$27.4K $7.32/SF
− Vacancy
−$1.4K −$0.37/SF
EGI
$26.0K $6.95/SF
− OpEx
−$7.8K −$2.08/SF
NOI
$18.2K $4.86/SF
Area
Detroit, MI
Vacancy
5.08%
Lease Rate
$7.32 /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%
$363,800
Cap Rate 7%
$259,857
Cap Rate 9%
$202,111
Alternative Uses
Best Use
Industrial
$259.9K
$227.4K – $303.2K
NOI $18,190 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$825.1K
$721.9K – $962.6K
NOI $57,754 @ 7.0% cap · market cap 14.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
332
Businesses Nearby
Explore this area
Business Placement
Demographics for 48240, MI
17,962
Population
7,328
Households
2.5
Avg Household Size
38
Median Age
22%
College-Educated
89%
High-School Grad
3.7 sq mi
ZIP Area
4,855
Density / Sq Mi
$57,970
Median Household Income
$37,694
Median Earnings
$1,326
Median Rent
$120,700
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?
Manufacturing property - Offers direct access to M-5 and Telegraph with exposure along 8 Mile Road.
Where is this manufacturing property located?
The property is located at 25197 Eight Mile Redford, 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: Manufacturing property classification; Frontage on 8 Mile Road; Approximately 34,758 cars of traffic per day (2025)
