Light Industrial Warehouse with
31186 Eight Mile Road, Farmington Hills, MI 48336
For Sale
$775,000
Fenced grounds and grade-level loading support contractor-oriented operations.
Property Size5,000 SF
Lot Size0.92 Acres
Price / SF$155
Days on Market97
Property Features for 31186 Eight Mile Road
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Financials
Asking Price
Gross Income
Site & Location
Road Access
Fenced Yard
Outdoor Storage
Warehouse & Industrial
Clear Height
Clear Span
Drive-In Doors
Building Details
Building Size
Listing Agency:
Burger & Company
Listed By:
Jack Bushart · License MI #6501442083
(734) 890-4609
Source:
Commercialcafe
Added: Aug 10
Changed: Nov 6
Last Checked: Nov 14 at 2:20AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This light industrial warehouse offers 5,000 square feet within a fenced .92-acre site, combining enclosed space with outdoor yard area. The building includes clear-span warehouse space with 14' clear height and two 10' x 12' grade-level doors. L-1 Light Industrial zoning supports the property’s established commercial-industrial profile.
Located at 31186 Eight Mile Road in Farmington Hills, the property sits just east of the Orchard Lake and Eight Mile intersection. The building is currently leased to SERVPRO through 3/31/27, providing an existing occupancy arrangement for the buyer.
Located at 31186 Eight Mile Road in Farmington Hills, the property sits just east of the Orchard Lake and Eight Mile intersection. The building is currently leased to SERVPRO through 3/31/27, providing an existing occupancy arrangement for the buyer.
Key Highlights
- 5,000 square foot warehouse on a fenced .92 acre lot
- Two 10' x 12' grade‑level doors
- Clear‑span warehouse space with 14' clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,082
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$601,640
$601.6K
Cap Rate 7%
$429,743
$429.7K
Cap Rate 9%
$334,244
$334.2K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$36.8K $7.35/SF
− Vacancy
−$1.4K −$0.27/SF
EGI
$35.4K $7.08/SF
− OpEx
−$5.3K −$1.06/SF
NOI
$30.1K $6.02/SF
Area
Oakland County, MI
Vacancy
3.70%
Lease Rate
$7.35 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$601,640
Cap Rate 7%
$429,743
Cap Rate 9%
$334,244
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
14 ft
Clear height
2
Drive-in doors
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48336, MI
26,802
Population
12,296
Households
2.2
Avg Household Size
42
Median Age
44%
College-Educated
92%
High-School Grad
9.3 sq mi
ZIP Area
2,882
Density / Sq Mi
$85,325
Median Household Income
$54,077
Median Earnings
$1,141
Median Rent
$247,600
Median Home Value
Market
Average Price Trend$/SF for Warehouses in Oakland County, MI
Properties on Market for Warehouses in Oakland County
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- A2 MOVING — 30844 Morlock St, Livonia, MI 48152
Frequently Asked Questions
What type of property is this?
Warehouse - Fenced grounds and grade-level loading support contractor-oriented operations.
Where is this warehouse located?
The property is located at 31186 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 square foot warehouse on a fenced .92 acre lot; Two 10' x 12' grade‑level doors; Clear‑span warehouse space with 14' clear height
