Industrial Flex Space with Overhead
465 S Schaefer Highway, Detroit, MI 48217
For Sale
$799,999
Shell-condition space offers a customizable interior and M-4 intensive industrial zoning.
Property Size7,500 SF
Price / SF$106.67
Days on Market47
Property Features for 465 S Schaefer Highway
General Information
Standard status
Size
Total Parking Spaces
Zoning
Site & Location
Neighborhood
Highway Access
Road Access
Building Details
Building Size
Listing Agency:
Got Key'D Realty
(313) 228-5710
Listed By:
Simon Saleh · License #MI427828
(248) 635-2880
Source:
Charterpropertiesgr
Added: Sep 24
Changed: Nov 7
Last Checked: Nov 8 at 5:21AM
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 Got Key'D Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding flex property contains 7,500 square feet and is in shell condition, allowing the interior to be configured by a future occupant. An overhead door serves the building, and approximately 25 parking spaces have been newly paved. The parcel occupies the corner of Schaefer Highway and Oakwood Boulevard, with frontage on both roads. Zoning is M-4, designated for intensive industrial use; retail use is subject to municipal approval.
The property is directly across from the Marathon Petroleum Refinery and is positioned between I-75 and I-94, with access to I-96. The Ford Rouge Complex and Downtown Detroit are nearby, and the site is 12 minutes from downtown. The Gordie Howe International Bridge is also identified as an access point from I-75.
The property is directly across from the Marathon Petroleum Refinery and is positioned between I-75 and I-94, with access to I-96. The Ford Rouge Complex and Downtown Detroit are nearby, and the site is 12 minutes from downtown. The Gordie Howe International Bridge is also identified as an access point from I-75.
Key Highlights
- 7,500‑square‑foot freestanding flex building in shell condition
- M‑4 zoning: Intensive Industrial District
- Approximately 25 newly paved parking spaces and an overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,820
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,076,400
$1.1M
Cap Rate 7%
$768,857
$768.9K
Cap Rate 9%
$598,000
$598.0K
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$90.0K $12.00/SF
− Vacancy
−$7.2K −$0.96/SF
EGI
$82.8K $11.04/SF
− OpEx
−$29.0K −$3.86/SF
NOI
$53.8K $7.18/SF
Area
Detroit, MI
Vacancy
8.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,076,400
Cap Rate 7%
$768,857
Cap Rate 9%
$598,000
Alternative Uses
Best Use
Flex RnD
$768.9K
$672.8K – $897.0K
NOI $53,820 @ 7.0% cap · market cap 6.73%
Second Best
Warehouse
$763.5K
$668.1K – $890.7K
NOI $53,444 @ 7.0% cap · market cap 6.68%
Theoretical Best
Office A
$1.65M
$1.45M – $1.93M
NOI $115,817 @ 7.0% cap · market cap 14.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
309
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48217, MI
6,437
Population
3,071
Households
2.1
Avg Household Size
41
Median Age
12%
College-Educated
87%
High-School Grad
2.3 sq mi
ZIP Area
2,799
Density / Sq Mi
$46,671
Median Household Income
$33,727
Median Earnings
$1,083
Median Rent
$45,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Flex space in Detroit, MI
Properties on Market for Flex space in Detroit
Vacancy Rate% for Industrial in Detroit, MI
Frequently Asked Questions
What type of property is this?
Flex space - Shell-condition space offers a customizable interior and M-4 intensive industrial zoning.
Where is this flex space located?
The property is located at 465 S Schaefer Highway Detroit, MI.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: 7,500‑square‑foot freestanding flex building in shell condition; M‑4 zoning: Intensive Industrial District; Approximately 25 newly paved parking spaces and an overhead door
