Warehouse with Back
6232 E Executive Dr, Westland, MI 48185
For Sale
$975,000
I-1-zoned industrial property offers a grade-level loading door and additional exterior space for parking or storage.
Property Size8,136 SF
Price / SF$119.84
Days on Market102
Property Features for 6232 E Executive Dr
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Highway Access
Outdoor Storage
Warehouse & Industrial
Clear Height
Drive-In Doors
Building Details
Building Size
Year Built
Year Renovated
Listing Agency:
Signature Associates - Southfield
Listed By:
Alex Timmis · License #MI 6501421748
(248) 359-0623
Source:
Cpix.resimplifi
Added: Jul 28
Changed: Nov 4
Last Checked: Nov 6 at 5:26AM
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 Signature Associates - Southfield
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Investment Insights
Based on property information with market context.
Built in 1984, this 8,136-square-foot warehouse provides a traditional industrial layout with 16-foot clear height. The building includes one grade-level overhead door measuring 12 feet by 14 feet, supporting loading and unloading activity. A rear lot adds exterior capacity for parking or storage.
The property is located at 6232 E. Executive Dr in Westland, within an active industrial park. Its position near I-275 provides a direct connection to the regional highway network, while the I-1 zoning supports its industrial classification.
The property is located at 6232 E. Executive Dr in Westland, within an active industrial park. Its position near I-275 provides a direct connection to the regional highway network, while the I-1 zoning supports its industrial classification.
Key Highlights
- 8,136‑square‑foot warehouse built in 1984
- 16‑foot clear height
- One 12' x 14' grade‑level overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,147
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,022,940
$1.0M
Cap Rate 7%
$730,671
$730.7K
Cap Rate 9%
$568,300
$568.3K
Market Conditions
NOI Build-Up for 8,136 SF
Gross rent
$62.5K $7.68/SF
− Vacancy
−$2.3K −$0.28/SF
EGI
$60.2K $7.40/SF
− OpEx
−$9.0K −$1.11/SF
NOI
$51.1K $6.29/SF
Area
Wayne County, MI
Vacancy
3.70%
Lease Rate
$7.68 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,022,940
Cap Rate 7%
$730,671
Cap Rate 9%
$568,300
Alternative Uses
Best Use
Warehouse
$730.7K
$639.3K – $852.5K
NOI $51,147 @ 7.0% cap · market cap 5.25%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.51M
$1.32M – $1.76M
NOI $105,443 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
16 ft
Clear height
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
505
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48185, MI
49,730
Population
23,554
Households
2.1
Avg Household Size
40
Median Age
23%
College-Educated
91%
High-School Grad
12.2 sq mi
ZIP Area
4,076
Density / Sq Mi
$59,085
Median Household Income
$40,435
Median Earnings
$1,123
Median Rent
$183,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Wayne County, MI
Properties on Market for Warehouses in Wayne County
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- CubeSmart Self Storage — 39205 Ford Rd, Westland, MI 48185
- Simply Self Storage — westland, mi 48185
- Office Installations Inc — 6022 Executive Dr E, Westland, MI 48185
Frequently Asked Questions
What type of property is this?
Warehouse - I-1-zoned industrial property offers a grade-level loading door and additional exterior space for parking or storage.
Where is this warehouse located?
The property is located at 6232 E Executive Dr Westland, MI.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 8,136‑square‑foot warehouse built in 1984; 16‑foot clear height; One 12' x 14' grade‑level overhead door
