Light Industrial Flex
5640 Williams Lake Rd Waterford, MI 48329
For Sale
$1,000,000
Flex-style industrial facility on 8.54 acres with substantial ceiling heights, a passenger elevator, and a 172-space parking lot.
Property Size26,056 SF
Lot Size8.54 Acres
Price / SF$38.38
Days on Market90
Property Features for 5640 Williams Lake Rd
General Information
Standard status
Active
Size
26,056 SF
Lot size
8.54 Acres
Listing Agency:
Real Broker, LLC Clarkston
(248) 515-5975
Listed By:
Andrew Dirks · License #6501405316
(248) 515-5975
Source:
Exprealty
Added: Apr 29
Changed: Jul 23
Last Checked: Jul 26 at 4:24PM
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 Real Broker, LLC Clarkston
Investment Insights
Based on property information with market context.
This light industrial flex facility totals 26,056 SF, including 922 SF of office space. The building offers expansive open areas with 12’ to 26’ ceiling heights and includes a passenger elevator. The property is suited to a range of light industrial, storage, or specialized commercial uses, supported by infrastructure designed for flexible operations.
The site spans 8.54 acres in Waterford Township and features 433’ of frontage on Williams Lake Rd. A 172-space parking lot is provided to support daily operations and occupancy.
The property is described as formerly a recreation center, with an adaptable layout and a generous land-to-building ratio. The Veterans Memorial and bench located in front of the property are excluded.
The site spans 8.54 acres in Waterford Township and features 433’ of frontage on Williams Lake Rd. A 172-space parking lot is provided to support daily operations and occupancy.
The property is described as formerly a recreation center, with an adaptable layout and a generous land-to-building ratio. The Veterans Memorial and bench located in front of the property are excluded.
Key Highlights
- 26,056 SF flex‑style light industrial facility on 8.54 acres in Waterford Township
- 433' frontage on Williams Lake Rd with a generous land‑to‑building ratio
- Expansive open space with 12'–26' ceiling heights plus 922 SF office area
Financial Insights For Office B
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 | $156.3k | $6.00 |
| − Vacancy | −$36.7k | −$1.41 |
| EGI | $119.6k | $4.59 |
| − OpEx | −$29.9k | −$1.15 |
| NOI | $89.7k | $3.44 |
26,056 SF · lease $6.00/SF/yr · vacancy 23.50% · expense 25.00%
Alternative Uses
Best Use
Flex RnD
$3.85M
$3.37M – $4.49M
NOI $269,492 @ 7.0% cap · market cap 26.95%
Second Best
Warehouse
$2.24M
$1.96M – $2.61M
NOI $156,762 @ 7.0% cap · market cap 15.68%
Theoretical Best
Specialty Retail
$5.62M
$4.92M – $6.56M
NOI $393,404 @ 7.0% cap · market cap 39.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Flex-style industrial facility on 8.54 acres with substantial ceiling heights, a passenger elevator, and a 172-space parking lot.
Where is this flex space located?
The property is located at 5640 Williams Lake Rd Waterford, MI.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 26,056 SF flex‑style light industrial facility on 8.54 acres in Waterford Township; 433' frontage on Williams Lake Rd with a generous land‑to‑building ratio; Expansive open space with 12'–26' ceiling heights plus 922 SF office area
