Building Details

Building Size 23,470 SF

Listing Agency: Thomas A. Duke Company

Listed By: Eric Szerlag · License #6501343471 Show Phone

Source: Cpix.resimplifi

Added: Feb 17 Changed: Oct 7 Last Checked: Oct 19 at 3:18AM

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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 Thomas A. Duke Company

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Investment Insights

Based on property information with market context.

A freestanding industrial building offering approximately 23,470 square feet and recently remodeled, clean condition. The facility features 20-foot clear height and two truck wells, supported by a 12x14 grade level door to accommodate practical loading needs.

The property is described as having easy access to I-275. Occupancy is scheduled for March 2026.

This building is well suited for industrial users seeking a self-contained, move-in ready setup with meaningful vertical clear height and direct loading access.

Key Highlights

• Freestanding 23,470 SF industrial building
• Recently remodeled, clean building
• 20‑foot clear height

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$147,543

Cap Rate

6.28%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,950,860 $3.0M

Cap Rate 7%

$2,107,757 $2.1M

Cap Rate 9%

$1,639,367 $1.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 23,470 SF

Gross rent

$180.2K $7.68/SF

− Vacancy

−$6.7K −$0.28/SF

EGI

$173.6K $7.40/SF

− OpEx

−$26.0K −$1.11/SF

NOI

$147.5K $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%

$2,950,860

Cap Rate 7%

$2,107,757

Cap Rate 9%

$1,639,367

Alternative Uses

Best Use

Warehouse

$2.11M

$1.84M – $2.46M (±1% cap)

NOI $147,543 @ 7.0% cap · market cap 6.28%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$4.35M

$3.80M – $5.07M (±1% cap)

NOI $304,171 @ 7.0% cap · market cap 12.94%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Independent Exhibit Services Exhibit Independent Exhibit Services, ... Exhibit

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Hair Salon Dental Office Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

20 ft

Clear height

2

Dock-high doors

1

Drive-in doors

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

470

Businesses Nearby

Well-served

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

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?

Warehouse - Freestanding industrial building with 20-foot clear height and two truck wells for loading and grade-level access.

Where is this warehouse located?

The property is located at 6519 N Hix Rd Westland, MI.

What is the asking price?

The asking price for this property is $2,350,000.

What are key features of this property?

This property features: Freestanding 23,470 SF industrial building; Recently remodeled, clean building; 20‑foot clear height