Flex Space with Outside
For Sale
$1,795,000
25411 Sherwood Avenue, Center Line, MI 48015
Commercial flex space includes exterior storage and designated truck parking availability.
Property Size26,157 SF
Price / SF$299.17
Days on Market43
Property Features for 25411 Sherwood Avenue
General Information
Standard status
Active
Size
26,157 SF
Property subtype
Commercial
Additional Details
Outdoor Storage
Yes
Building Details
Building Size
26,157 SF
Year Built
1920
Listing Agency:
Pilot Property Group - Residential LLC
(586) 873-5419
Listed By:
Anthony U Rubino · License #6502425251
Source:
Erareardonrealty
Added: Jul 20
Changed: Aug 31
Last Checked: Aug 31 at 3:07AM
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 Pilot Property Group - Residential LLC
Investment Insights
Based on property information with market context.
This 6,000-square-foot flex space is available for an owner-user and is located in a building constructed in 1920. The property includes outside storage availability, on-site parking, and truck parking for commercial operations.
The offering is located at 25411 Sherwood Avenue in Center Line, Michigan. The building’s configuration supports flexible commercial use, with parking features that accommodate both standard vehicles and trucks.
The offering is located at 25411 Sherwood Avenue in Center Line, Michigan. The building’s configuration supports flexible commercial use, with parking features that accommodate both standard vehicles and trucks.
Key Highlights
- 6,000 SF flex space available for an owner‑user
- Outside storage available
- Truck parking available
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
$68,147
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
3.80%
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%
$1,362,940
$1.4M
Cap Rate 7%
$973,529
$973.5K
Cap Rate 9%
$757,189
$757.2K
Market Conditions
NOI Build-Up for 6,000 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
$118.8K $19.80/SF
− Vacancy
−$14.0K −$2.33/SF
EGI
$104.8K $17.47/SF
− OpEx
−$36.7K −$6.12/SF
NOI
$68.1K $11.36/SF
Area
Macomb County, MI
Vacancy
11.75%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
35.00%
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%
$1,362,940
Cap Rate 7%
$973,529
Cap Rate 9%
$757,189
Alternative Uses
Best Use
Flex RnD
$973.5K
$851.8K – $1.14M
NOI $68,147 @ 7.0% cap · market cap 3.80%
Second Best
Industrial
$462.2K
$404.4K – $539.2K
NOI $32,353 @ 7.0% cap · market cap 1.80%
Theoretical Best
Specialty Retail
$1.12M
$982.9K – $1.31M
NOI $78,631 @ 7.0% cap · market cap 4.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
622
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48015, MI
8,552
Population
3,789
Households
2.3
Avg Household Size
42
Median Age
19%
College-Educated
87%
High-School Grad
1.8 sq mi
ZIP Area
4,751
Density / Sq Mi
$52,857
Median Household Income
$45,326
Median Earnings
$627
Median Rent
$145,300
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial flex space includes exterior storage and designated truck parking availability.
Where is this flex space located?
The property is located at 25411 Sherwood Avenue Center Line, MI.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: 6,000 SF flex space available for an owner‑user; Outside storage available; Truck parking available
