Light Industrial Warehouse with
31186 Eight Mile Rd Farmington, MI 48336
New
For Sale
$775,000
5,000 SF clear-span warehouse with 14' height, secured fenced yard, and (2) 10' x 12' grade-level doors.
Property Size5,000 SF
Lot Size0.92 Acres
Price / SF$155
Days on Market4
Property Features for 31186 Eight Mile Rd
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 0.92 Acres
- Property subtype
- Industrial
Listing Agency:
Burger & Company
(734) 890-4609
Listed By:
Jack Bushart · License #6506049079
(734) 890-4609
Source:
Cpix.resimplifi
Added: Jul 21
Changed: Jul 24
Last Checked: Jul 24 at 4:45AM
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.
This 5,000 SF warehouse includes clear-span storage space with 14' clear height and (2) 10' x 12' grade-level doors. The property sits on a fenced, secured 0.92-acre lot that provides yard space for on-site operations.
The building is zoned L-1 Light Industrial and is leased to SERVPRO through 3/31/27. Located just east of the Orchard Lake and 8 Mile intersection, the site offers a practical configuration for contractors and other light industrial uses that benefit from yard access.
With its combination of warehouse clear span, overhead door access, and enclosed yard space, the property supports a range of warehouse and light industrial needs while remaining positioned for day-to-day operational use.
The building is zoned L-1 Light Industrial and is leased to SERVPRO through 3/31/27. Located just east of the Orchard Lake and 8 Mile intersection, the site offers a practical configuration for contractors and other light industrial uses that benefit from yard access.
With its combination of warehouse clear span, overhead door access, and enclosed yard space, the property supports a range of warehouse and light industrial needs while remaining positioned for day-to-day operational use.
Key Highlights
- 5,000 SF building with clear‑span warehouse space and 14' clear height
- Zoned L‑1 Light Industrial
- Two (2) 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
Warehouses
Similar Off Market Nearby
- Links Moving Systems - Farmington — 30835 W 10 Mile Rd #1047, Farmington Hills, MI 48336
FAQs
What type of property is this?
Warehouse - 5,000 SF clear-span warehouse with 14' height, secured fenced yard, and (2) 10' x 12' grade-level doors.
Where is this warehouse located?
The property is located at 31186 Eight Mile Rd Farmington, 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 building with clear‑span warehouse space and 14' clear height; Zoned L‑1 Light Industrial; Two (2) 10' x 12' grade‑level doors
