Oxford Flex Space with
588 S Lapeer Rd Oxford, MI 48371
588 S Lapeer Rd, Oxford, MI, 48371
Contact for pricing
For Sale
Contact for pricing
6,054 SF flex building with fenced yard for sale.
Property Size6,054 SF
Lot Size0.64 Acres
Price / SF$296.99
Days on Market545
Property Features for 588 S Lapeer Rd
General Information
- Standard status
- Active
- Size
- 6,054 SF
- Lot size
- 0.64 Acres
- Property subtype
- Industrial, Mixed Use
Building Details
- Year Built
- 1985
Listing agency
Cyrowski Real Estate, LLC
Listed by
Carl Cyrowski · License #MI 6504086493
Source
Crexi
Added: Jan 22, 2025 Updated: Jul 6 at 8:23AM Checked: Jul 21 at 2:18PM
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 Cyrowski Real Estate, LLC
Investment Insights
Based on property information with market context.
This 6,054 square foot building is situated on 0.64 acres. The property includes approximately 500 square feet of office space. The rear of the building features 15-foot ceilings and one 14-foot overhead door located on the side. The front of the building, which faces Lapeer Road, is equipped with three overhead doors. Two of these front doors are 14 feet tall, while the third measures 8 feet in height. Although functional, two of the front overhead doors are positioned in front of the interior offices. The property also benefits from a fenced-in rear yard.
Key Highlights
- 6054 Sq Ft Building on 0.64 AC
- Fenced in Rear Yard
- 14 Ft Overhead Door on Side of Building with 15 Foot Tall Ceilings in Rear
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 | $109.0k | $18.00 |
| − Vacancy | −$12.6k | −$2.09 |
| EGI | $96.3k | $15.91 |
| − OpEx | −$33.7k | −$5.57 |
| NOI | $62.6k | $10.34 |
6,054 SF · lease $18.00/SF/yr · vacancy 11.60% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$894.5K
$782.7K – $1.04M
NOI $62,615 @ 7.0% cap · market cap 3.48%
Second Best
Warehouse
$520.3K
$455.3K – $607.1K
NOI $36,423 @ 7.0% cap · market cap 2.03%
Theoretical Best
Specialty Retail
$1.31M
$1.14M – $1.52M
NOI $91,406 @ 7.0% cap · market cap 5.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
FasTrac
Auto Parts Store
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - 6,054 SF flex building with fenced yard for sale.
Where is this flex space located?
The property is located at 588 S Lapeer Rd Oxford, MI.
What is the asking price?
The asking price for this property is $1,798,000.
What are key features of this property?
This property features: 6054 Sq Ft Building on 0.64 AC; Fenced in Rear Yard; **14 Ft Overhead Door on Side of Building with 15 Foot Tall Ceilings in Rear**
