Two-Story Flex
For Sale
$699,999
26610 John R Road, Madison Heights, MI 48071
Separate levels offer flexibility for showroom, office, storage, and work areas.
Property Size6,826 SF
Price / SF$102.55
Days on Market39
Property Features for 26610 John R Road
General Information
Standard status
Active
Size
6,826 SF
Total Parking Spaces
16
Property subtype
Commercial
Zoning
Light Industry
Additional Details
Road Access
Yes
Power
800 amps
Taxes and HOA fees
Annual Taxes
$14,752
Building Details
Building Size
6,826 SF
Year Built
1947
Buildings
1
Stories
2
Listing Agency:
C3 CRE, LLC
Listed By:
Corbin Yaldoo · License #MI 6502431997
(248) 220-1110
Source:
Housewant
Added: Sep 22
Changed: Oct 29
Last Checked: Oct 29 at 2:44PM
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 C3 CRE, LLC
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Investment Insights
Based on property information with market context.
This freestanding flex property at 26610 John R Road has a two-story layout and 6,826 square feet. The configuration can accommodate distinct showroom, office, administrative, storage, and operational areas. Built in 1947, the building has 12-foot ceiling heights, one 10-foot overhead door, 800-amp electrical service, and 16 parking spaces. The site includes 120 feet of frontage along John R Road.
Key Highlights
- 6,826‑square‑foot freestanding flex building
- Two‑story layout with 120 feet of frontage on John R Road
- 12‑foot ceiling heights and one 10‑foot overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,820
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$676,400
$676.4K
Cap Rate 7%
$483,143
$483.1K
Cap Rate 9%
$375,778
$375.8K
Market Conditions
NOI Build-Up for 6,826 SF
Gross rent
$50.2K $7.35/SF
− Vacancy
−$1.9K −$0.27/SF
EGI
$48.3K $7.08/SF
− OpEx
−$14.5K −$2.12/SF
NOI
$33.8K $4.95/SF
Area
Oakland County, MI
Vacancy
3.70%
Lease Rate
$7.35 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$676,400
Cap Rate 7%
$483,143
Cap Rate 9%
$375,778
Alternative Uses
Best Use
Retail
$1.05M
$918.1K – $1.22M
NOI $73,450 @ 7.0% cap · market cap 10.49%
Second Best
Flex RnD
$1.01M
$882.5K – $1.18M
NOI $70,600 @ 7.0% cap · market cap 10.09%
Theoretical Best
Specialty Retail
$1.47M
$1.29M – $1.72M
NOI $103,062 @ 7.0% cap · market cap 14.72%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
510
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48071, MI
28,468
Population
14,690
Households
1.9
Avg Household Size
39
Median Age
32%
College-Educated
89%
High-School Grad
7.1 sq mi
ZIP Area
4,010
Density / Sq Mi
$66,726
Median Household Income
$49,151
Median Earnings
$1,138
Median Rent
$190,300
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Taylor Jackson Catering Company — 924 W Farnum Ave, Madison Heights, MI 48071
Frequently Asked Questions
What type of property is this?
Flex space - Separate levels offer flexibility for showroom, office, storage, and work areas.
Where is this flex space located?
The property is located at 26610 John R Road Madison Heights, MI.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: 6,826‑square‑foot freestanding flex building; Two‑story layout with 120 feet of frontage on John R Road; 12‑foot ceiling heights and one 10‑foot overhead door
