Multi-Unit Warehouse Flex
4938 Dewitt Rd Canton, MI 48188
For Sale
$1,250,000
Four flex-style warehouse units feature private offices, 100% HVAC, and 18' clear warehouse heights.
Property Size8,000 SF
Price / SF$156.25
Days on Market814
Property Features for 4938 Dewitt Rd
General Information
- Standard status
- Active
- Size
- 8,000 SF
- Property subtype
- Industrial
Listing Agency:
ROC Real Estate
(734) 355-6030
Listed By:
Terrance W. Bixler · License #6501240114
(734) 355-6030
Source:
Cpix.resimplifi
Added: May 1, 2024
Changed: Jul 22
Last Checked: Jul 23 at 2:40AM
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 ROC Real Estate
Investment Insights
Based on property information with market context.
The property is a four-unit flex-style warehouse building offering 2,000 square foot units. Each unit includes 100% HVAC with two-year-old equipment, 100 amp electrical service, private offices with reception areas, and bathrooms. Unit 200 also has a kitchen. The warehouse areas provide 18' clear height, with gas forced-air heat, new back doors, and new man doors. Units 201 and 202 include heavy mezzanines.
The site is located near the I-275 exit at Michigan Ave. and Sheldon Rd, providing convenient access to the surrounding road network.
Unit 200 is currently occupied on a month-to-month basis, and the tenant has indicated a preference to stay.
The site is located near the I-275 exit at Michigan Ave. and Sheldon Rd, providing convenient access to the surrounding road network.
Unit 200 is currently occupied on a month-to-month basis, and the tenant has indicated a preference to stay.
Key Highlights
- Four flex‑style warehouse units with private offices, reception areas, and bathrooms
- 100% HVAC in each unit with two‑year‑old units
- 18' clear warehouse height plus new back doors and gas forced air heat
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 | $80.6k | $10.08 |
| − Vacancy | −$3.0k | −$0.37 |
| EGI | $77.7k | $9.71 |
| − OpEx | −$27.2k | −$3.40 |
| NOI | $50.5k | $6.31 |
8,000 SF · lease $10.08/SF/yr · vacancy 3.70% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$721.1K
$631.0K – $841.3K
NOI $50,477 @ 7.0% cap · market cap 4.04%
Second Best
Warehouse
$718.5K
$628.7K – $838.2K
NOI $50,292 @ 7.0% cap · market cap 4.02%
Theoretical Best
Specialty Retail
$1.48M
$1.30M – $1.73M
NOI $103,680 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Team Electric
Electrical Service
Johnwicki Mailing
Post Office
FAQs
What type of property is this?
Flex space - Four flex-style warehouse units feature private offices, 100% HVAC, and 18' clear warehouse heights.
Where is this flex space located?
The property is located at 4938 Dewitt Rd Canton, MI.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Four flex‑style warehouse units with private offices, reception areas, and bathrooms; 100% HVAC in each unit with two‑year‑old units; 18' clear warehouse height plus new back doors and gas forced air heat
