Light Industrial Warehouse
32432 Eight Mile Road Farmington, MI 48336
New
32432 Eight Mile Road, Farmington, MI, 48336
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For Sale
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Two warehouse buildings on a light industrial lot offer four grade level doors, with one building leased month to month.
Property Size5,912 SF
Lot Size0.40 Acres
Price / SF$88.80
Days on Market6
Property Features for 32432 Eight Mile Road
General Information
- Standard status
- Active
- Size
- 5,912 SF
- Lot size
- 0.40 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1986
Listing agency
Burger & Company
(810) 224-8103
Listed by
Jack Bushart · License #6501442083
Source
Crexi
Added: Jul 16 Updated: Jul 19 at 2:32AM Checked: Jul 20 at 2:04AM
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 light industrial property includes two warehouse buildings totaling 2,172 square feet and 3,740 square feet on a 0.40-acre lot. Each building is equipped with grade level doors, with four total doors across the site and listed as varying in size. The North building is leased on a month-to-month basis, while the South building is vacant.
The South building has frontage on 8 Mile Road, and the property is located just east of the Farmington Road & 8 Mile intersection. The property is zoned L-1 Light Industrial, supporting warehouse and light industrial uses.
The site presents a flexible owner-user and investment setup with both an occupied and a vacant warehouse component, along with drive-up grade level access through multiple doors.
The South building has frontage on 8 Mile Road, and the property is located just east of the Farmington Road & 8 Mile intersection. The property is zoned L-1 Light Industrial, supporting warehouse and light industrial uses.
The site presents a flexible owner-user and investment setup with both an occupied and a vacant warehouse component, along with drive-up grade level access through multiple doors.
Key Highlights
- 1986‑built industrial property with two warehouse buildings totaling 2,172 SF and 3,740 SF
- 0.40‑acre lot with 8 Mile frontage and access near the Farmington Rd & 8 Mile intersection
- Four grade level doors across the two buildings
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 | $43.5k | $7.35 |
| − Vacancy | −$1.6k | −$0.27 |
| EGI | $41.8k | $7.08 |
| − OpEx | −$6.3k | −$1.06 |
| NOI | $35.6k | $6.02 |
5,912 SF · lease $7.35/SF/yr · vacancy 3.70% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$508.1K
$444.6K – $592.8K
NOI $35,569 @ 7.0% cap · market cap 6.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.28M
$1.12M – $1.49M
NOI $89,262 @ 7.0% cap · market cap 17.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Warehouses
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- Links Moving Systems - Farmington — 30835 W 10 Mile Rd #1047, Farmington Hills, MI 48336
FAQs
What type of property is this?
Warehouse - Two warehouse buildings on a light industrial lot offer four grade level doors, with one building leased month to month.
Where is this warehouse located?
The property is located at 32432 Eight Mile Road Farmington, MI.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 1986‑built industrial property with two warehouse buildings totaling 2,172 SF and 3,740 SF; 0.40‑acre lot with 8 Mile frontage and access near the Farmington Rd & 8 Mile intersection; Four grade level doors across the two buildings
