Warehouse and Office
32639 Industrial Rd Garden City, MI 48135
For Sale
$1,150,000
Warehouse and office building in Garden City, Michigan.
Property Size9,300 SF
Lot Size0.72 Acres
Price / SF$123.66
Days on Market95
Property Features for 32639 Industrial Rd
General Information
- Standard status
- Active
- Size
- 9,300 SF
- Lot size
- 0.72 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1995
Listing Agency:
Century 21 Commercial Curran & Oberski | Dearborn Heights
(313) 203-8209
Listed By:
Dave W Abdallah
(313) 203-8209
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 26 at 7:10AM
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 Century 21 Commercial Curran & Oberski | Dearborn Heights
Investment Insights
Based on property information with market context.
Constructed in 1995, this property in the Garden City Ford Rd area features a 9,300+ sqft warehouse and office building. It can be divided into up to four units. The property includes two front offices that were updated in 2022, along with two large, heated warehouses featuring 20ft high ceilings and overhead garage doors. Situated on a 0.72-acre lot, the property provides a large parking lot in both the front and back. This property is suitable for running a business and renting out other units. The property has a bike score of 43, indicating it is somewhat bikeable, and a walk score of 48, suggesting car dependence.
Key Highlights
- Large 9,300 sqft warehouse & office building.
- Potential for up to 4 separate units, offering rental income opportunities.
- Two huge heated warehouses with 20ft high ceilings and overhead garage doors.
Financial Insights For Flex RnD
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 | $93.7k | $10.08 |
| − Vacancy | −$3.5k | −$0.37 |
| EGI | $90.3k | $9.71 |
| − OpEx | −$31.6k | −$3.40 |
| NOI | $58.7k | $6.31 |
9,300 SF · lease $10.08/SF/yr · vacancy 3.70% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$838.3K
$733.5K – $978.0K
NOI $58,679 @ 7.0% cap · market cap 5.10%
Second Best
Warehouse
$835.2K
$730.8K – $974.4K
NOI $58,464 @ 7.0% cap · market cap 5.08%
Theoretical Best
Specialty Retail
$1.72M
$1.51M – $2.01M
NOI $120,528 @ 7.0% cap · market cap 10.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Charara Liquidation & Outlets
Liquidator
Suite Deux
Hair Salon
FAQs
What type of property is this?
Flex space - Warehouse and office building in Garden City, Michigan.
Where is this flex space located?
The property is located at 32639 Industrial Rd Garden City, MI.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Large 9,300 sqft warehouse & office building.; Potential for up to 4 separate units, offering rental income opportunities.; Two huge heated warehouses with **20ft high ceilings and overhead garage doors.**
