Industrial Warehouse
615 Livernois St Ferndale, MI 48220
For Sale
Contact for pricing
Industrial warehouse building totaling 10,067 square feet and available for sale.
Property Size10,067 SF
Price / SF$98.34
Days on Market139
Property Features for 615 Livernois St
General Information
- Standard status
- Active
- Size
- 10,067 SF
- Property subtype
- Industrial
Listing Agency:
Colliers - Royal Oak/Detroit, Michigan
Listed By:
Raffi Derbabian · License #MI
Source:
Crexi
Added: Mar 6
Changed: Jul 22
Last Checked: Jul 23 at 8:42AM
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
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 For Warehouse
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 | $74.0k | $7.35 |
| − Vacancy | −$2.7k | −$0.27 |
| EGI | $71.3k | $7.08 |
| − OpEx | −$10.7k | −$1.06 |
| NOI | $60.6k | $6.02 |
10,067 SF · lease $7.35/SF/yr · vacancy 3.70% · expense 15.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Warehouses
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
- Near-By Storage Units — 345 E 9 Mile Rd, Ferndale, MI 48220
- Movin N Groovin Moving Company — 22750 Woodward Ave #206, Ferndale, MI 48220
FAQs
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
