Multi-Use Warehouse and Office
32660 Industrial Rd Garden City, MI 48135
32660 Industrial Rd, Garden City, MI, 48135
Contact for pricing
For Sale
Contact for pricing
Built in 1995, this flex warehouse and office building offers two updated front offices and two heated warehouse bays.
Property Size9,315 SF
Lot Size0.72 Acres
Price / SF$123.46
Days on Market100
Property Features for 32660 Industrial Rd
General Information
- Standard status
- Active
- Size
- 9,315 SF
- Lot size
- 0.72 Acres
- Property subtype
- Office, Industrial, Mixed Use
Building Details
- Year Built
- 1995
Listing agency
CENTURY 21 Curran & Oberski Dearborn Heights
(313) 203-8215
Listed by
Dave Abdallah · License #MI
Source
Crexi
Added: Apr 14 Updated: Jul 21 at 6:24PM Checked: Jul 21 at 6:24PM
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 Dearborn Heights
Investment Insights
Based on property information with market context.
Built in 1995, this warehouse and office building totals approximately 9,315 square feet and is configured to support up to four separate units. The property includes two updated front offices (updated in 2022) and two large, separate heated warehouse areas with 20-foot high ceilings and overhead garage doors.
A sizable parking lot is available at both the front and back of the building, set on an approximately 0.72-acre lot. The property is positioned in the Garden City Ford Rd area, offering drive-in warehouse access alongside dedicated office space.
With multiple internal separations and dedicated office and warehouse components, the building is well suited for an owner-operator seeking space for their business while maintaining the option to lease additional units.
A sizable parking lot is available at both the front and back of the building, set on an approximately 0.72-acre lot. The property is positioned in the Garden City Ford Rd area, offering drive-in warehouse access alongside dedicated office space.
With multiple internal separations and dedicated office and warehouse components, the building is well suited for an owner-operator seeking space for their business while maintaining the option to lease additional units.
Key Highlights
- Built in 1995 flex warehouse and office building with approx. 9,300 sqft
- Two updated front offices (updated in 2022)
- Two separate heated warehouse bays with 20‑ft high ceilings and overhead garage doors
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
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Built in 1995, this flex warehouse and office building offers two updated front offices and two heated warehouse bays.
Where is this flex space located?
The property is located at 32660 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: Built in 1995 flex warehouse and office building with approx. 9,300 sqft; Two updated front offices (updated in 2022); Two separate heated warehouse bays with 20‑ft high ceilings and overhead garage doors
