Renovated Flex
For Sale
$219,900
26310 W 7 Mile Road, Redford, MI 48240
Updated commercial building with office areas and a warehouse component arranged for front-and-back operations.
Property Size3,200 SF
Days on Market48
Property Features for 26310 W 7 Mile Road
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,575
Building Details
Building Size
3,200 SF
Year Built
1956
Listing Agency:
Keller Williams Professionals
Listed By:
Megan Leach
(734) 674-7805
Source:
Elliman
Added: Sep 16
Changed: Oct 28
Last Checked: Nov 1 at 7:12AM
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 Keller Williams Professionals
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Investment Insights
Based on property information with market context.
Built in 1956, this flex property combines renovated office and warehouse areas within a commercial building. Interior and exterior improvements include new commercial carpet in the offices, heavy-duty tile in common areas, and tiled bathrooms. The layout supports front and back operations within one connected facility, while the warehouse portion is presented as a vanilla-box area for future customization.
The property is located at 26310 W 7 Mile Road in Redford Charter Township, Michigan. Walk Score is 76, classified as Very Walkable, and Bike Score is 50, classified as Bikeable.
The property is located at 26310 W 7 Mile Road in Redford Charter Township, Michigan. Walk Score is 76, classified as Very Walkable, and Bike Score is 50, classified as Bikeable.
Key Highlights
- Renovated commercial building with updated interior and exterior finishes
- Built in 1956
- Office areas feature new commercial carpet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,564
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,280
$311.3K
Cap Rate 7%
$222,343
$222.3K
Cap Rate 9%
$172,933
$172.9K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$23.4K $7.32/SF
− Vacancy
−$1.2K −$0.37/SF
EGI
$22.2K $6.95/SF
− OpEx
−$6.7K −$2.08/SF
NOI
$15.6K $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 Rate 5%
$311,280
Cap Rate 7%
$222,343
Cap Rate 9%
$172,933
Alternative Uses
Best Use
Flex RnD
$328.0K
$287.0K – $382.7K
NOI $22,963 @ 7.0% cap · market cap 10.44%
Second Best
Warehouse
$325.8K
$285.0K – $380.1K
NOI $22,803 @ 7.0% cap · market cap 10.37%
Theoretical Best
Office A
$705.9K
$617.7K – $823.6K
NOI $49,415 @ 7.0% cap · market cap 22.47%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
332
Businesses Nearby
Under-served
Demand for This Use
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
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- I Love Busia's Pierogi — 25831 W 6 Mile Rd, Redford Charter Twp, MI 48240
- Cosmic Burrito Tequila Bar, Food Truck and catering — 26145 Grand River Ave, Redford Charter Twp, MI 48240
Frequently Asked Questions
What type of property is this?
Flex space - Updated commercial building with office areas and a warehouse component arranged for front-and-back operations.
Where is this flex space located?
The property is located at 26310 W 7 Mile Road Redford, MI.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: Renovated commercial building with updated interior and exterior finishes; Built in 1956; Office areas feature new commercial carpet
