401 Industrial Drive, Plymouth, MI 48170
20,000 SF industrial building near downtown Plymouth.
- Added:
- Sep 4, 2024
- Days on Market:
- 647
- Last Refresh:
- May 12 at 8:28 pm
Property Features for 401 Industrial Drive
General Information
- Standard status
- Active
- Size
- 20,000 SF
- Lot size
- 1.39 Acres
- Property subtype
- Industrial
Listing agent Michael Murphy License #6501389134
Listing office Gerdom Realty & Investment
Listing date Sep 4, 2024
Source Crexi
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 Gerdom Realty & Investment
HighLights
- Long‑term tenant provides immediate investment income.
- Convenient location near downtown Plymouth with easy access to I‑275, I‑96, and M‑14.
- 20,000 SF industrial building on 1.39 AC.
- Ample power supply suitable for industrial operations.
- Air conditioning throughout the building.
- Combination of office and flex space allows for versatile use.
Overview
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 | $201.6k | $10.08 |
| − Vacancy | −$7.5k | −$0.37 |
| EGI | $194.1k | $9.71 |
| − OpEx | −$67.9k | −$3.40 |
| NOI | $126.2k | $6.31 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Jeff Zak Catering — 696 N Mill St # 102, Plymouth, MI 48170
- All Season's Catering — 578 Starkweather St, Plymouth, MI 48170
Location Insight
- Map
- Local Demand
- City
- Plymouth
- County
- Wayne
- State
- Michigan
- Longitude
- -83.4495142
- Latitude
- 42.3735905
