Warehouse with Back
For Sale
$975,000
6232 E Executive Dr, Westland, MI 48185
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 Market9
Property Features for 6232 E Executive Dr
General Information
Standard status
Active
Size
8,136 SF
Property subtype
Industrial
Zoning
I-1
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
16 ft
Drive-In Doors
1
Building Details
Building Size
8,136 SF
Year Built
1984
Year Renovated
2014
Listing Agency:
Signature Associates - Southfield
(248) 359-0623
Listed By:
Alex Timmis · License #6501421748
(248) 359-0623
Source:
Cpix.resimplifi
Added: Jul 28
Changed: Aug 2
Last Checked: Aug 5 at 3:57AM
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
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 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 | $62.5k | $7.68 |
| − Vacancy | −$2.3k | −$0.28 |
| EGI | $60.2k | $7.40 |
| − OpEx | −$9.0k | −$1.11 |
| NOI | $51.1k | $6.29 |
8,136 SF · lease $7.68/SF/yr · vacancy 3.70% · expense 15.00%
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.
Property Analytics
Current Use
Lease Details
16 ft
Clear height
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
510
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- CubeSmart Self Storage — 39205 Ford Rd, Westland, MI 48185
- Office Installations Inc — 6022 Executive Dr E, Westland, MI 48185
- Simply Self Storage — 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
