Flex Building with Overhead
27618 Warren Road Westland, MI 48185
For Sale
$475,000
Versatile corner lot building includes 10x10 overhead doors, fenced side lot parking, and offices with two bathrooms.
Property Size4,000 SF
Price / SF$118.75
Days on Market10
Property Features for 27618 Warren Road
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Commercial
Building Details
Year Built
1964
Listing Agency:
Keller Williams Legacy
(313) 590-6684
Listed By:
Julie Golich
(313) 590-6684
Source:
Carolbollo
Added: Jul 20
Changed: Jul 27
Last Checked: Jul 28 at 5:57PM
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 Legacy
Investment Insights
Based on property information with market context.
This versatile commercial corner lot building offers a functional layout with two office spaces and two bathrooms, supported by phase 3 electric service. The property is equipped with 10 x 10 overhead doors and includes a large fenced side lot with approximately 10 parking spaces, creating practical outdoor and customer/employee access.
The building sits on a busy main road in Westland and is described as having outstanding visibility with easy access and ample parking for day-to-day operations.
Available for sale, the property is suited to a range of commercial uses, including retail, office, medical, and service, as stated in the listing remarks.
The building sits on a busy main road in Westland and is described as having outstanding visibility with easy access and ample parking for day-to-day operations.
Available for sale, the property is suited to a range of commercial uses, including retail, office, medical, and service, as stated in the listing remarks.
Key Highlights
- Versatile 4,000 sq. ft. commercial building on a corner lot on a busy main road in Westland
- Large fenced side lot with approximately 10 parking spaces for customer or employee parking
- Includes 10 x 10 overhead doors and phase 3 electric
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.3k | $10.08 |
| − Vacancy | −$1.5k | −$0.37 |
| EGI | $38.8k | $9.71 |
| − OpEx | −$13.6k | −$3.40 |
| NOI | $25.2k | $6.31 |
4,000 SF · lease $10.08/SF/yr · vacancy 3.70% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$360.5K
$315.5K – $420.6K
NOI $25,238 @ 7.0% cap · market cap 5.31%
Second Best
Warehouse
$359.2K
$314.3K – $419.1K
NOI $25,146 @ 7.0% cap · market cap 5.29%
Theoretical Best
Specialty Retail
$740.6K
$648.0K – $864.0K
NOI $51,840 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- DavesMoBettaBBQ — 6808 Belton St, Garden City, MI 48135
Frequently Asked Questions
What type of property is this?
Flex space - Versatile corner lot building includes 10x10 overhead doors, fenced side lot parking, and offices with two bathrooms.
Where is this flex space located?
The property is located at 27618 Warren Road Westland, MI.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Versatile 4,000 sq. ft. commercial building on a corner lot on a busy main road in Westland; Large fenced side lot with approximately 10 parking spaces for customer or employee parking; Includes 10 x 10 overhead doors and phase 3 electric
