Corner Lot Flex Building with
27618 Warren Road Unit SourceFi Westland, MI 48185
New
For Sale
$475,000
Versatile corner lot building includes fenced side yard, multiple parking spaces, overhead doors, and two office suites.
Property Size3,560 SF
Price / SF$133.43
Days on Market7
Property Features for 27618 Warren Road Unit SourceFi
General Information
- Standard status
- Active
- Size
- 3,560 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 19
Listing Agency:
(313) 590-6684
Listed By:
Keller Williams Legacy
(313) 590-6684
Source:
Xome
Added: Jul 18
Changed: Jul 24
Last Checked: Jul 24 at 6:00AM
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 building offers a flexible layout suitable for multiple business uses. The property includes a large fenced side lot with approximately 10 parking spaces, two overhead doors measuring 10 x 10, phase 3 electric, and two office spaces supported by two bathrooms.
The building sits on a commercial corner lot with frontage on a busy main road, providing strong visibility and straightforward access for customers and visitors. The listing notes high daily traffic and ample parking, with seller access only for appointments and 24-hour notice required.
At approximately 3,560 square feet, the property is configured to support both office and service-oriented operations, with overhead door access that can accommodate a variety of light commercial setups.
The building sits on a commercial corner lot with frontage on a busy main road, providing strong visibility and straightforward access for customers and visitors. The listing notes high daily traffic and ample parking, with seller access only for appointments and 24-hour notice required.
At approximately 3,560 square feet, the property is configured to support both office and service-oriented operations, with overhead door access that can accommodate a variety of light commercial setups.
Key Highlights
- Versatile 4,000 sq. ft. commercial corner lot building on a main road in Westland
- Large fenced side lot with approximately 10 parking spaces
- Includes 10 x 10 overhead doors and phase 3 electric
Financial Insights For Retail
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 | $51.3k | $14.40 |
| − Vacancy | −$3.1k | −$0.86 |
| EGI | $48.2k | $13.54 |
| − OpEx | −$14.5k | −$4.06 |
| NOI | $33.7k | $9.48 |
3,560 SF · lease $14.40/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$481.9K
$421.7K – $562.2K
NOI $33,732 @ 7.0% cap · market cap 7.10%
Second Best
Flex RnD
$320.9K
$280.8K – $374.4K
NOI $22,462 @ 7.0% cap · market cap 4.73%
Theoretical Best
Specialty Retail
$659.1K
$576.7K – $769.0K
NOI $46,138 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
A-1 Awning Co
Building Supply
Similar Off Market Nearby
- DavesMoBettaBBQ — 6808 Belton St, Garden City, MI 48135
FAQs
What type of property is this?
Flex space - Versatile corner lot building includes fenced side yard, multiple parking spaces, overhead doors, and two office suites.
Where is this flex space located?
The property is located at 27618 Warren Road Unit SourceFi 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 corner lot building on a main road in Westland; Large fenced side lot with approximately 10 parking spaces; Includes 10 x 10 overhead doors and phase 3 electric
