Light Industrial Warehouse
For Sale
$525,000
32432 Eight Mile Road, Farmington, MI 48336
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 Market96
Property Features for 32432 Eight Mile Road
General Information
Standard status
Active
Size
5,912 SF
Lot size
0.40 Acres
Property subtype
Industrial - Manufacturing
Zoning
L-1
Additional Details
Road Access
Yes
Drive-In Doors
4
Building Details
Building Size
5,912 SF
Listing Agency:
Burger & Company
Listed By:
Jack Bushart · License #6501442083
(734) 890-4609
Source:
Commercialcafe
Added: Jul 18
Changed: Oct 21
Last Checked: Oct 20 at 5:22PM
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 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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,569
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$711,380
$711.4K
Cap Rate 7%
$508,129
$508.1K
Cap Rate 9%
$395,211
$395.2K
Market Conditions
NOI Build-Up for 5,912 SF
Gross rent
$43.5K $7.35/SF
− Vacancy
−$1.6K −$0.27/SF
EGI
$41.8K $7.08/SF
− OpEx
−$6.3K −$1.06/SF
NOI
$35.6K $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%
$711,380
Cap Rate 7%
$508,129
Cap Rate 9%
$395,211
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
699
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
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Links Moving Systems - Farmington — 30835 W 10 Mile Rd #1047, Farmington Hills, MI 48336
Frequently Asked Questions
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
