Warehouse and Office Flex
32639 Industrial Road Unit SourceFi Garden City, MI 48135
32639 Industrial Road Unit SourceFi, Garden City, MI, 48135
$1,150,000
For Sale
$1,150,000
Built in 1995 with updated 2022 front offices and two heated warehouse bays featuring 20-ft ceilings and overhead doors.
Property Size9,315 SF
Lot Size0.72 Acres
Price / SF$123.46
Days on Market99
Property Features for 32639 Industrial Road Unit SourceFi
General Information
- Standard status
- Active
- Size
- 9,315 SF
- Lot size
- 0.72 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 19
Listing Agency
Century 21 Curran & Oberski
(313) 203-8215
Listed by
Dave Abdallah · License #6501241447
(313) 203-8215
Source
Xome
Added: Apr 12 Checked: Jul 18 at 4:09 am
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 Curran & Oberski
Investment Insights
Based on property information with market context.
Built in 1995, this warehouse and office flex building offers multiple potential configurations with up to four possible units. The property includes two separate front office areas updated in 2022, along with two huge separate heated warehouse spaces. The warehouses feature 20-foot high ceilings and overhead garage doors.
The site includes a huge back and front parking lot on a 0.72-acre lot. The building totals approximately 9,315 square feet and is located in the Garden City Ford Rd area on Industrial Road.
With dedicated front office space and separate heated warehouse bays, the layout supports flexible occupancy options and space planning for a business that needs both office and warehouse operations.
The site includes a huge back and front parking lot on a 0.72-acre lot. The building totals approximately 9,315 square feet and is located in the Garden City Ford Rd area on Industrial Road.
With dedicated front office space and separate heated warehouse bays, the layout supports flexible occupancy options and space planning for a business that needs both office and warehouse operations.
Key Highlights
- 1995‑built 9,300+ SF warehouse & office building with two heated warehouse bays and 20‑ft high ceilings
- Two separate front offices updated in 2022
- Up to 4 possible units with overhead garage doors for the heated warehouse bays
Local 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 | $93.9k | $10.08 |
| − Vacancy | −$3.5k | −$0.37 |
| EGI | $90.4k | $9.71 |
| − OpEx | −$31.6k | −$3.40 |
| NOI | $58.8k | $6.31 |
9,315 SF · lease $10.08/SF/yr · vacancy 3.70% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$839.6K
$734.7K – $979.6K
NOI $58,774 @ 7.0% cap · market cap 5.11%
Second Best
Warehouse
$836.5K
$732.0K – $976.0K
NOI $58,558 @ 7.0% cap · market cap 5.09%
Theoretical Best
Specialty Retail
$1.72M
$1.51M – $2.01M
NOI $120,722 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Charara Liquidation & Outlets
Liquidator
Suite Deux
Hair Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Built in 1995 with updated 2022 front offices and two heated warehouse bays featuring 20-ft ceilings and overhead doors.
Where is this flex space located?
The property is located at 32639 Industrial Road Unit SourceFi 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: 1995‑built 9,300+ SF warehouse & office building with two heated warehouse bays and 20‑ft high ceilings; Two separate front offices updated in 2022; Up to 4 possible units with overhead garage doors for the heated warehouse bays
