Industrial Warehouse
For Sale
Contact for pricing
615 Livernois St, Ferndale, MI 48220
Industrial warehouse building totaling 10,067 square feet and available for sale.
Property Size10,067 SF
Price / SF$98.34
Days on Market240
Property Features for 615 Livernois St
General Information
Standard status
Active
Size
10,067 SF
Property subtype
Industrial
Lease Type
Gross
Listing Agency:
Colliers - Royal Oak/Detroit, Michigan
Listed By:
Raffi Derbabian · License #MI
(248) 540-1000
Source:
Crexi
Added: Mar 6
Changed: Oct 26
Last Checked: Oct 30 at 10:40AM
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 Colliers - Royal Oak/Detroit, Michigan
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Investment Insights
Based on property information with market context.
Industrial warehouse building with approximately 10,067 square feet, offered for sale. The property is listed under warehouse/industrial real estate categories.
Located at 615 Livernois St in Ferndale, MI 48220, the building is suitable for buyers seeking a straightforward warehouse asset.
The available information does not specify additional improvements, unit configuration, or site details beyond the building size.
Located at 615 Livernois St in Ferndale, MI 48220, the building is suitable for buyers seeking a straightforward warehouse asset.
The available information does not specify additional improvements, unit configuration, or site details beyond the building size.
Key Highlights
- Industrial warehouse building totaling 10,067 SF
- Available for sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,567
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,211,340
$1.2M
Cap Rate 7%
$865,243
$865.2K
Cap Rate 9%
$672,967
$673.0K
Market Conditions
NOI Build-Up for 10,067 SF
Gross rent
$74.0K $7.35/SF
− Vacancy
−$2.7K −$0.27/SF
EGI
$71.3K $7.08/SF
− OpEx
−$10.7K −$1.06/SF
NOI
$60.6K $6.02/SF
Area
Oakland County, MI
Vacancy
3.70%
Lease Rate
$7.35 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,211,340
Cap Rate 7%
$865,243
Cap Rate 9%
$672,967
Alternative Uses
Best Use
Warehouse
$865.2K
$757.1K – $1.01M
NOI $60,567 @ 7.0% cap · market cap 6.12%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.17M
$1.90M – $2.53M
NOI $151,996 @ 7.0% cap · market cap 15.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,062
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48220, MI
21,564
Population
12,003
Households
1.8
Avg Household Size
37
Median Age
53%
College-Educated
96%
High-School Grad
4.4 sq mi
ZIP Area
4,901
Density / Sq Mi
$86,095
Median Household Income
$54,557
Median Earnings
$1,191
Median Rent
$229,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Expedite Connect Services — 22007 Woodward Ave SUITE#9, Ferndale, MI 48220
- iStorage — 181 W Marshall St, Ferndale, MI 48220
- Self Storage — 22647 woodward ave, ferndale, mi 48220
- Movin N Groovin Moving Company — 22750 Woodward Ave #206, Ferndale, MI 48220
- Near-By Storage Units — 345 E 9 Mile Rd, Ferndale, MI 48220
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse building totaling 10,067 square feet and available for sale.
Where is this warehouse located?
The property is located at 615 Livernois St Ferndale, MI.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Industrial warehouse building totaling 10,067 SF; Available for sale
