Office-Warehouse Flex
For Sale
$1,600,000
6252 MONROE BLVD, Taylor, MI 48180
Updated office suite with six private offices and reception plus rear warehouse area for flexible storage or distribution.
Property Size20,027 SF
Price / SF$79.89
Days on Market135
Property Features for 6252 MONROE BLVD
General Information
Standard status
Active
Size
20,027 SF
Property subtype
Industrial
Amenities
3
648195
Building Details
Year Built
19
Listing Agency:
(313) 779-5524
Listed By:
Keller Williams Legacy
(313) 779-5524
Source:
Xome
Added: Mar 31
Changed: Aug 8
Last Checked: Aug 11 at 4:53AM
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 Keller Williams Legacy
Investment Insights
Based on property information with market context.
For sale: an office-warehouse flex property on a 2.35-acre site with a modern, professionally designed office suite and an open rear warehouse area. The office portion is fully updated and includes six private offices along with a reception area, supporting a functional layout for everyday business use.
The rear warehouse space offers an open and flexible configuration that can support storage, distribution, or light industrial uses. The property is positioned just off Monroe Street near the highly accessible I-94 corridor, providing convenient access to major transportation routes in Taylor, MI.
The rear warehouse space offers an open and flexible configuration that can support storage, distribution, or light industrial uses. The property is positioned just off Monroe Street near the highly accessible I-94 corridor, providing convenient access to major transportation routes in Taylor, MI.
Key Highlights
- 2.35‑acre commercial property just off Monroe Street near the I‑94 corridor
- Updated office suite with a reception area and six private offices
- Rear warehouse area with an open, flexible layout for storage, distribution, or light industrial use
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$126,362
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,527,240
$2.5M
Cap Rate 7%
$1,805,171
$1.8M
Cap Rate 9%
$1,404,022
$1.4M
Market Conditions
NOI Build-Up for 20,027 SF
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.
Gross rent
$201.9K $10.08/SF
− Vacancy
−$7.5K −$0.37/SF
EGI
$194.4K $9.71/SF
− OpEx
−$68.0K −$3.40/SF
NOI
$126.4K $6.31/SF
Area
Wayne County, MI
Vacancy
3.70%
Lease Rate
$10.08 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,527,240
Cap Rate 7%
$1,805,171
Cap Rate 9%
$1,404,022
Alternative Uses
Best Use
Flex RnD
$1.81M
$1.58M – $2.11M
NOI $126,362 @ 7.0% cap · market cap 7.90%
Second Best
Warehouse
$1.80M
$1.57M – $2.10M
NOI $125,899 @ 7.0% cap · market cap 7.87%
Theoretical Best
Specialty Retail
$3.71M
$3.24M – $4.33M
NOI $259,550 @ 7.0% cap · market cap 16.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
243
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48180, MI
63,409
Population
26,741
Households
2.4
Avg Household Size
39
Median Age
16%
College-Educated
87%
High-School Grad
23.6 sq mi
ZIP Area
2,687
Density / Sq Mi
$59,537
Median Household Income
$40,090
Median Earnings
$1,036
Median Rent
$141,200
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Updated office suite with six private offices and reception plus rear warehouse area for flexible storage or distribution.
Where is this flex space located?
The property is located at 6252 MONROE BLVD Taylor, MI.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 2.35‑acre commercial property just off Monroe Street near the I‑94 corridor; Updated office suite with a reception area and six private offices; Rear warehouse area with an open, flexible layout for storage, distribution, or light industrial use
