Light Industrial Warehouse with
31168 Eight Mile Road Farmington Hills, MI 48336
For Sale
Contact for pricing
Light industrial warehouse on a fenced, secured lot with two 10' x 12' grade level doors and 14' clear height.
Property Size5,000 SF
Lot Size0.92 Acres
Price / SF$155
Days on Market8
Property Features for 31168 Eight Mile Road
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 0.92 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1963
Listing Agency:
Burger & Company
(810) 224-8103
Listed By:
Jack Bushart · License #6501442083
Source:
Crexi
Added: Jul 16
Changed: Jul 23
Last Checked: Jul 23 at 9:21AM
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 Burger & Company
Investment Insights
Based on property information with market context.
A 5,000-square-foot light industrial warehouse with clear span space and 14' clear height, supported by two 10' x 12' grade level doors. The property includes fenced, secured yard space on a 0.92-acre lot, offering practical storage and contractor-oriented functionality.
The building is located just east of the Orchard Lake and 8 Mile intersection. The property is currently leased to SERVPRO through 3/31/27.
Zoned L-1 Light Industrial, the facility is positioned for a wide range of contractor uses requiring covered warehouse space and secure outdoor area.
The building is located just east of the Orchard Lake and 8 Mile intersection. The property is currently leased to SERVPRO through 3/31/27.
Zoned L-1 Light Industrial, the facility is positioned for a wide range of contractor uses requiring covered warehouse space and secure outdoor area.
Key Highlights
- 5,000 SF light industrial building with clear span warehouse space
- 0.92‑acre lot that is fenced and secured
- Two 10' x 12' grade level doors
Financial Insights For Warehouse
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 | $36.8k | $7.35 |
| − Vacancy | −$1.4k | −$0.27 |
| EGI | $35.4k | $7.08 |
| − OpEx | −$5.3k | −$1.06 |
| NOI | $30.1k | $6.02 |
5,000 SF · lease $7.35/SF/yr · vacancy 3.70% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$429.7K
$376.0K – $501.4K
NOI $30,082 @ 7.0% cap · market cap 3.88%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.08M
$943.7K – $1.26M
NOI $75,492 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Warehouse - Light industrial warehouse on a fenced, secured lot with two 10' x 12' grade level doors and 14' clear height.
Where is this warehouse located?
The property is located at 31168 Eight Mile Road Farmington Hills, MI.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 5,000 SF light industrial building with clear span warehouse space; 0.92‑acre lot that is fenced and secured; Two 10' x 12' grade level doors
