Warehouse and Office Flex
28980 Joy Road Livonia, MI 48150
28980 Joy Road, Livonia, MI, 48150
$1,250,000
For Sale
$1,250,000
Flex space includes a freshly painted office with two full bathrooms and a warehouse suited for storage or distribution.
Property Size11,000 SF
Price / SF$113.64
Days on Market120
Property Features for 28980 Joy Road
General Information
- Standard status
- Active
- Size
- 11,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1987
Listing agency
RE/MAX Leading Edge
(313) 721-1217
Listed by
Ali M Abdallah · License #6502342204
(313) 721-1217
Source
Carolbollo
Added: Mar 25 Updated: Jul 22 at 6:03AM Checked: Jul 22 at 6:03AM
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 Leading Edge
Investment Insights
Based on property information with market context.
This versatile flex building offers nearly 11,000 square feet of customizable space, combining a spacious warehouse area with an office component. The office has been freshly painted and includes two full bathrooms. The warehouse area is well suited for storage, operations, or distribution, with multiple HVAC units supporting both office and warehouse comfort.
The property sits on a large lot with approximately 60 existing parking spaces and provides ample room for expansion. Located near the intersection of Livonia, Dearborn Heights, Westland, and Redford, the site is positioned for convenient access and visibility to surrounding traffic.
On the systems side, the office area is serviced by three new HVAC units, and the warehouse has two additional HVAC units dedicated to that space.
The property sits on a large lot with approximately 60 existing parking spaces and provides ample room for expansion. Located near the intersection of Livonia, Dearborn Heights, Westland, and Redford, the site is positioned for convenient access and visibility to surrounding traffic.
On the systems side, the office area is serviced by three new HVAC units, and the warehouse has two additional HVAC units dedicated to that space.
Key Highlights
- Nearly 11,000 SF commercial flex space with customizable office and warehouse layout
- Freshly painted office area includes two full bathrooms
- Spacious warehouse area suited for storage, operations, or distribution
Local 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 | $110.9k | $10.08 |
| − Vacancy | −$4.1k | −$0.37 |
| EGI | $106.8k | $9.71 |
| − OpEx | −$37.4k | −$3.40 |
| NOI | $69.4k | $6.31 |
11,000 SF · lease $10.08/SF/yr · vacancy 3.70% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$991.5K
$867.6K – $1.16M
NOI $69,405 @ 7.0% cap · market cap 5.55%
Second Best
Warehouse
$987.9K
$864.4K – $1.15M
NOI $69,151 @ 7.0% cap · market cap 5.53%
Theoretical Best
Specialty Retail
$2.04M
$1.78M – $2.38M
NOI $142,560 @ 7.0% cap · market cap 11.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Pranam GlobalTech, Inc.
Construction Company
Similar For Sale Nearby
Similar Off Market Nearby
- Joy Manor - Banquet & Event Center — 28999 Joy Rd, Westland, MI 48185
FAQs
What type of property is this?
Flex space - Flex space includes a freshly painted office with two full bathrooms and a warehouse suited for storage or distribution.
Where is this flex space located?
The property is located at 28980 Joy Road Livonia, MI.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Nearly 11,000 SF commercial flex space with customizable office and warehouse layout; Freshly painted office area includes two full bathrooms; Spacious warehouse area suited for storage, operations, or distribution
