Light Industrial Clear-Span
For Sale
$416,000
32424 Eight Mile Road, Farmington Hills, MI 48335
Fully leased 3,200 SF light industrial clear-span warehouse features 14' ceiling height and fenced yard with grade-level doors.
Property Size3,200 SF
Price / SF$130
Days on Market103
Property Features for 32424 Eight Mile Road
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Industrial - Manufacturing
Zoning
L-1
Occupancy
100%
Site & Location
Road Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
14 ft
Drive-In Doors
2
Sprinkler System
Yes
Building Details
Building Size
3,200 SF
Tenancy
Single
Listing Agency:
Burger & Company
Listed By:
Jack Bushart · License #6501442083
(734) 890-4609
Source:
Commercialcafe
Added: Jul 19
Changed: Oct 25
Last Checked: Oct 28 at 4:58AM
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
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Investment Insights
Based on property information with market context.
This fully leased warehouse building offers clear-span functionality and a 14' clear height, making it suitable for day-to-day industrial operations. The property includes a fire suppression system and (2) grade level doors sized 10' x 12' and 12' x 12'. The current tenant, Printed Impressions, is in place through 6/30/27, with a 5-year option to renew.
The building is zoned L-1 Light Industrial and has fenced yard space. Access is provided from 8 Mile Road and Whitlock Street.
The offering is a stabilized, light industrial warehouse configuration with clear-span interior space, multiple grade-level loading doors, and on-site yard access for tenant use.
The building is zoned L-1 Light Industrial and has fenced yard space. Access is provided from 8 Mile Road and Whitlock Street.
The offering is a stabilized, light industrial warehouse configuration with clear-span interior space, multiple grade-level loading doors, and on-site yard access for tenant use.
Key Highlights
- Fully leased 3,200 SF light industrial clear‑span warehouse
- Leased to Printed Impressions through 6/30/27 with a 5‑year renewal option
- 14' clear height with fire suppression system in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,252
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$385,040
$385.0K
Cap Rate 7%
$275,029
$275.0K
Cap Rate 9%
$213,911
$213.9K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$23.5K $7.35/SF
− Vacancy
−$870 −$0.27/SF
EGI
$22.6K $7.08/SF
− OpEx
−$3.4K −$1.06/SF
NOI
$19.3K $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%
$385,040
Cap Rate 7%
$275,029
Cap Rate 9%
$213,911
Alternative Uses
Best Use
Warehouse
$275.0K
$240.7K – $320.9K
NOI $19,252 @ 7.0% cap · market cap 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$690.2K
$603.9K – $805.3K
NOI $48,315 @ 7.0% cap · market cap 11.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
14 ft
Clear height
2
Drive-in doors
100%
Occupancy
Single-tenant
Tenancy
Yes
Sprinkler system
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
644
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48335, MI
25,618
Population
11,964
Households
2.1
Avg Household Size
36
Median Age
65%
College-Educated
98%
High-School Grad
7.2 sq mi
ZIP Area
3,558
Density / Sq Mi
$96,359
Median Household Income
$66,646
Median Earnings
$1,451
Median Rent
$366,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
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 - Fully leased 3,200 SF light industrial clear-span warehouse features 14' ceiling height and fenced yard with grade-level doors.
Where is this warehouse located?
The property is located at 32424 Eight Mile Road Farmington Hills, MI.
What is the asking price?
The asking price for this property is $416,000.
What are key features of this property?
This property features: Fully leased 3,200 SF light industrial clear‑span warehouse; Leased to Printed Impressions through 6/30/27 with a 5‑year renewal option; 14' clear height with fire suppression system in place
