White-Box Industrial
6870 E Davison St Detroit, MI 48212
6870 E Davison St, Detroit, MI, 48212
$199,000
For Sale
$199,000
Industrial warehouse offered in white-box condition with four 5-ton A/C units.
Property Size3,139 SF
Price / SF$63.40
Days on Market86
Property Features for 6870 E Davison St
General Information
- Standard status
- Active
- Size
- 3,139 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1949
Listing agency
Keller Williams Legacy
(313) 706-7011
Listed by
Nick Jaafar · License #6501403947
(313) 706-7011
Source
Elliman
Added: Apr 28 Updated: Jul 21 at 7:40AM Checked: Jul 21 at 7:40AM
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: a 3,139-square-foot industrial warehouse at 6870 E Davison St in Detroit, MI 48212. The space is delivered in white-box condition, providing a clean starting point for build-out. The property is equipped with four (5-ton) A/C units and is described as suitable for storage, distribution, or light industrial use.
The site reflects a car-dependent environment, with provided bikeScore, walkScore, and transitScore values of 42, 29, and 34, respectively.
This configuration supports a range of light industrial operations that value delivered HVAC capacity and flexibility in interior improvements, with the option for an owner-occupant or investor to complete the build-out to fit their needs.
The site reflects a car-dependent environment, with provided bikeScore, walkScore, and transitScore values of 42, 29, and 34, respectively.
This configuration supports a range of light industrial operations that value delivered HVAC capacity and flexibility in interior improvements, with the option for an owner-occupant or investor to complete the build-out to fit their needs.
Key Highlights
- 3,139 SF industrial warehouse (Year Built: 1949) offered in white‑box condition for build‑out.
- Includes four (5‑ton) A/C units.
- Suitable for storage, distribution, or light industrial use.
Local Financial Insights For Industrial
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 | $23.0k | $7.32 |
| − Vacancy | −$1.2k | −$0.37 |
| EGI | $21.8k | $6.95 |
| − OpEx | −$6.5k | −$2.08 |
| NOI | $15.3k | $4.86 |
3,139 SF · lease $7.32/SF/yr · vacancy 5.08% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$319.5K
$279.6K – $372.8K
NOI $22,368 @ 7.0% cap · market cap 11.24%
Second Best
Industrial
$218.1K
$190.8K – $254.5K
NOI $15,267 @ 7.0% cap · market cap 7.67%
Theoretical Best
Office A
$692.5K
$605.9K – $807.9K
NOI $48,473 @ 7.0% cap · market cap 24.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Distribution centers
Similar For Sale Nearby
FAQs
What type of property is this?
Warehouse - Industrial warehouse offered in white-box condition with four 5-ton A/C units.
Where is this warehouse located?
The property is located at 6870 E Davison St Detroit, MI.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 3,139 SF industrial warehouse (Year Built: 1949) offered in white‑box condition for build‑out.; Includes four (5‑ton) A/C units.; Suitable for storage, distribution, or light industrial use.
