Versatile Retail/Industrial/Warehouse Space
3750 W Eleven Mile Rd Berkley, MI 48072
For Sale
$975,000
Adaptable commercial space suitable for retail, industrial, or warehouse use.
Property Size12,640 SF
Price / SF$77.14
Days on Market115
Property Features for 3750 W Eleven Mile Rd
General Information
- Standard status
- Active
- Size
- 12,640 SF
- Property subtype
- Industrial, Retail
Building Details
- Year Built
- 1935
Listing Agency:
Insite Commercial
(248) 359-9000
Listed By:
Brent Lubin
(248) 359-9000
Source:
Cpix.resimplifi
Added: Mar 31
Changed: Jul 10
Last Checked: Jul 23 at 2:39AM
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 Insite Commercial
Investment Insights
Based on property information with market context.
This commercial property offers a versatile space suitable for retail, industrial, or warehouse operations. The building features two overhead doors, each measuring 16 feet in height. The electrical system provides 204V/800A. The property includes a gravel lot with concrete approaches and ample parking space. The warehouse is heated. The roof is 15 years old. The property has a size of 12640 square feet.
Key Highlights
- Versatile Usage: Suitable for retail, industrial, or warehouse purposes.
- High Power Electrical: 204V/800A electrical service.
- Heated Warehouse: Provides climate control for storage or operations.
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 | $92.9k | $7.35 |
| − Vacancy | −$3.4k | −$0.27 |
| EGI | $89.5k | $7.08 |
| − OpEx | −$13.4k | −$1.06 |
| NOI | $76.0k | $6.02 |
12,640 SF · lease $7.35/SF/yr · vacancy 3.70% · expense 15.00%
Alternative Uses
Best Use
Retail
$1.94M
$1.70M – $2.27M
NOI $136,011 @ 7.0% cap · market cap 13.95%
Second Best
Warehouse
$1.09M
$950.6K – $1.27M
NOI $76,047 @ 7.0% cap · market cap 7.80%
Theoretical Best
Specialty Retail
$2.73M
$2.39M – $3.18M
NOI $190,844 @ 7.0% cap · market cap 19.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Complete Construction Services ...
General Contractor
Similar Off Market Nearby
- The Warehouse Storage — 14701 W Eleven Mile Rd, Oak Park, MI 48237
- Pie Place Ventures — 26660 Greenfield Rd, Oak Park, MI 48237
- 1-800-Self-Storage.com — 26660 Greenfield Rd, Oak Park, MI 48237
- Harding Self Storage — Raine St, Oak Park, MI 48237
- Southfield Self Storage — 26799 Greenfield Rd, Southfield, MI 48076
FAQs
What type of property is this?
Warehouse - Adaptable commercial space suitable for retail, industrial, or warehouse use.
Where is this warehouse located?
The property is located at 3750 W Eleven Mile Rd Berkley, MI.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Versatile Usage: Suitable for retail, industrial, or warehouse purposes.; High Power Electrical: 204V/800A electrical service.; Heated Warehouse: Provides climate control for storage or operations.
