Climate-Controlled Flex
New
For Sale
Contact for pricing
7926 N Lilley Rd, Canton, MI 48187
Office-quality finishes and a warehouse area provide a mixed office and storage configuration.
Property Size1,512 SF
Price / SF$198.41
Days on Market4
Property Features for 7926 N Lilley Rd
General Information
Standard status
Active
Size
1,512 SF
Property subtype
FLEX_R_AND_D
Amenities
Fully climate controlled
Listing Agency:
JLL | Detroit
(248) 581-3300
Listed By:
Jake Slaker · License #6501446168
(248) 581-3245
Source:
Moodyscre
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 2:09PM
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 JLL | Detroit
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Investment Insights
Based on property information with market context.
This 1,512-square-foot flex condominium combines finished office space with a clean warehouse area. Climate control serves the full unit, supporting a range of work and storage functions within one suite.
The property is part of an association-managed complex with parking. Association services include water, trash removal, lawn care, and snow removal; dues are billed quarterly in arrears.
The property is part of an association-managed complex with parking. Association services include water, trash removal, lawn care, and snow removal; dues are billed quarterly in arrears.
Key Highlights
- 1,512‑square‑foot flex condominium
- Climate control throughout the unit
- Office‑quality finishes paired with a clean warehouse area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,540
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$190,800
$190.8K
Cap Rate 7%
$136,286
$136.3K
Cap Rate 9%
$106,000
$106.0K
Market Conditions
NOI Build-Up for 1,512 SF
Gross rent
$15.2K $10.08/SF
− Vacancy
−$564 −$0.37/SF
EGI
$14.7K $9.71/SF
− OpEx
−$5.1K −$3.40/SF
NOI
$9.5K $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 Rate 5%
$190,800
Cap Rate 7%
$136,286
Cap Rate 9%
$106,000
Alternative Uses
Best Use
Flex RnD
$136.3K
$119.3K – $159.0K
NOI $9,540 @ 7.0% cap · market cap 3.18%
Second Best
Industrial
$111.8K
$97.9K – $130.5K
NOI $7,828 @ 7.0% cap · market cap 2.61%
Theoretical Best
Specialty Retail
$279.9K
$245.0K – $326.6K
NOI $19,596 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
503
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48187, MI
52,498
Population
20,548
Households
2.6
Avg Household Size
39
Median Age
53%
College-Educated
95%
High-School Grad
18.1 sq mi
ZIP Area
2,900
Density / Sq Mi
$117,980
Median Household Income
$60,137
Median Earnings
$1,435
Median Rent
$341,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Rasna Foods — 8663 N Lilley Rd, Canton, MI 48187
Frequently Asked Questions
What type of property is this?
Flex space - Office-quality finishes and a warehouse area provide a mixed office and storage configuration.
Where is this flex space located?
The property is located at 7926 N Lilley Rd Canton, MI.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 1,512‑square‑foot flex condominium; Climate control throughout the unit; Office‑quality finishes paired with a clean warehouse area
