Flex Space with 2 Bay
For Sale
$550,000
26110 Michigan Ave, Inkster, MI 48141
Ongoing improvements include a new roof, window replacement, and site cleanup.
Property Size6,691 SF
Price / SF$82.20
Days on Market41
Property Features for 26110 Michigan Ave
General Information
Standard status
Active
Size
6,691 SF
Property Condition
Severity
Major Repairs Needed
Evidence
undergoing major renovations
Additional Details
Clear Height
16 ft
Building Details
Year Built
1958
Listing Agency:
RE/MAX Team 2000
(313) 622-1534
Listed By:
Laila Dakroub · License #350232
Source:
Katie-k
Added: Jul 20
Changed: Aug 28
Last Checked: Aug 28 at 12:38PM
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 RE/MAX Team 2000
Investment Insights
Based on property information with market context.
This flex-space building offers nearly 7,000 sq. ft. of area, two bay doors, and an approximately 16-foot ceiling height. Renovation work is underway, including installation of a new roof and replacement of broken windows. Interior and exterior maintenance is also being addressed, with tree removal planned to improve the site’s condition and accessibility.
Located at 26110 Michigan Avenue in Inkster, Michigan, the property is being refreshed under new ownership. The combination of warehouse-oriented access, substantial ceiling clearance, and active building improvements provides a practical foundation for continued commercial use.
Located at 26110 Michigan Avenue in Inkster, Michigan, the property is being refreshed under new ownership. The combination of warehouse-oriented access, substantial ceiling clearance, and active building improvements provides a practical foundation for continued commercial use.
Key Highlights
- Nearly 7,000 sq. ft. building
- 2 bay doors
- Approx. 16 foot ceiling height
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
$42,217
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
7.68%
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%
$844,340
$844.3K
Cap Rate 7%
$603,100
$603.1K
Cap Rate 9%
$469,078
$469.1K
Market Conditions
NOI Build-Up for 6,691 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
$67.4K $10.08/SF
− Vacancy
−$2.5K −$0.37/SF
EGI
$64.9K $9.71/SF
− OpEx
−$22.7K −$3.40/SF
NOI
$42.2K $6.31/SF
Area
Wayne County, MI
Vacancy
3.70%
Lease Rate
$10.08 /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%
$844,340
Cap Rate 7%
$603,100
Cap Rate 9%
$469,078
Alternative Uses
Best Use
Flex RnD
$603.1K
$527.7K – $703.6K
NOI $42,217 @ 7.0% cap · market cap 7.68%
Second Best
Warehouse
$600.9K
$525.8K – $701.1K
NOI $42,063 @ 7.0% cap · market cap 7.65%
Theoretical Best
Specialty Retail
$1.24M
$1.08M – $1.45M
NOI $86,715 @ 7.0% cap · market cap 15.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
Location Intelligence
Trade Area within ½ mile
303
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48141, MI
26,088
Population
11,497
Households
2.3
Avg Household Size
34
Median Age
12%
College-Educated
83%
High-School Grad
6.3 sq mi
ZIP Area
4,141
Density / Sq Mi
$39,632
Median Household Income
$32,135
Median Earnings
$1,127
Median Rent
$75,700
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.
Similar Off Market Nearby
- Divine Dine Detroit — 26091 Trowbridge St, Inkster, MI 48141
- Janelly’s Catering — 26540 W Hills Dr, Inkster, MI 48141
Frequently Asked Questions
What type of property is this?
Flex space - Ongoing improvements include a new roof, window replacement, and site cleanup.
Where is this flex space located?
The property is located at 26110 Michigan Ave Inkster, MI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Nearly 7,000 sq. ft. building; 2 bay doors; Approx. 16 foot ceiling height
