Light Industrial Clear-Span
32424 Eight Mile Road Farmington Hills, MI 48335
New
32424 Eight Mile Road, Farmington Hills, MI, 48335
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For Sale
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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 Market6
Property Features for 32424 Eight Mile Road
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1989
Listing agency
Burger & Company
(810) 224-8103
Listed by
Jack Bushart · License #6501442083
Source
Crexi
Added: Jul 16 Updated: Jul 20 at 4:23AM Checked: Jul 21 at 4:44AM
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 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
Local 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 | $23.5k | $7.35 |
| − Vacancy | −$870 | −$0.27 |
| EGI | $22.6k | $7.08 |
| − OpEx | −$3.4k | −$1.06 |
| NOI | $19.3k | $6.02 |
3,200 SF · lease $7.35/SF/yr · vacancy 3.70% · expense 15.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
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
