Flex Office and Warehouse
832 W 11 Mile Rd Madison Heights, MI
832 W 11 Mile Rd, Madison Heights, MI, 00000
$350,000
For Sale
$350,000
Corner-lot flex building with fenced truck access, warehouse/storage, and office suites with multiple bathrooms.
Property Size2,800 SF
Lot Size0.25 Acres
Price / SF$125
Days on Market29
Property Features for 832 W 11 Mile Rd
General Information
- Standard status
- Active
- Size
- 2,800 SF
- Lot size
- 0.25 Acres
Listing agency
EXP Realty Main
(586) 713-3355
Listed by
Daniel Ryan
(586) 713-3355
Source
Exprealty
Added: Jun 24 Updated: Jul 22 at 8:17AM Checked: Jul 22 at 8:17AM
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 EXP Realty Main
Investment Insights
Based on property information with market context.
This cinderblock flex building offers a mix of client-facing office space and warehouse/storage area. The front portion includes a large common area suitable for multiple desks plus three private offices, with one private office featuring its own full bathroom and an additional half bathroom in the common area. The warehouse/storage section connects to an overhead door and is supported by a full restroom and a small gas-powered furnace. An additional open room measuring roughly 20' x 40' is currently used as a kitchen and break room.
Set on a fenced corner lot just under a quarter acre, the property includes large gate access for trucks and other equipment. The parking lot features the overhead door serving the warehouse/storage portion of the building.
The building is described as being in great condition, with a well-maintained roof and Furnace/AC replaced less than five years ago. It is located in the Madison Heights Downtown District and is served by B-3 general business zoning. Past businesses noted include service, wholesaling, dog grooming, moving and hauling, and plumbing contracting.
Set on a fenced corner lot just under a quarter acre, the property includes large gate access for trucks and other equipment. The parking lot features the overhead door serving the warehouse/storage portion of the building.
The building is described as being in great condition, with a well-maintained roof and Furnace/AC replaced less than five years ago. It is located in the Madison Heights Downtown District and is served by B-3 general business zoning. Past businesses noted include service, wholesaling, dog grooming, moving and hauling, and plumbing contracting.
Key Highlights
- Corner‑lot commercial building just under a quarter acre with complete fencing and large gate access for trucks and equipment
- B‑3 general business zoning with a flexible layout previously used for service, wholesaling, dog grooming, moving/hauling, and plumbing contracting
- Warehouse/storage portion includes an overhead door, full restroom, and small gas‑powered furnace
Local Financial Insights For Flex RnD
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 | $50.4k | $18.00 |
| − Vacancy | −$5.8k | −$2.09 |
| EGI | $44.6k | $15.91 |
| − OpEx | −$15.6k | −$5.57 |
| NOI | $29.0k | $10.34 |
2,800 SF · lease $18.00/SF/yr · vacancy 11.60% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$413.7K
$362.0K – $482.7K
NOI $28,960 @ 7.0% cap · market cap 8.27%
Second Best
Warehouse
$240.7K
$210.6K – $280.8K
NOI $16,846 @ 7.0% cap · market cap 4.81%
Theoretical Best
Specialty Retail
$603.9K
$528.5K – $704.6K
NOI $42,276 @ 7.0% cap · market cap 12.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Detroit BBQ Company — 711 east 8 mile road, ferndale, mi 48220
- Taylor Jackson Catering Company — 924 W Farnum Ave, Madison Heights, MI 48071
FAQs
What type of property is this?
Flex space - Corner-lot flex building with fenced truck access, warehouse/storage, and office suites with multiple bathrooms.
Where is this flex space located?
The property is located at 832 W 11 Mile Rd Madison Heights, MI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Corner‑lot commercial building just under a quarter acre with complete fencing and large gate access for trucks and equipment; B‑3 general business zoning with a flexible layout previously used for service, wholesaling, dog grooming, moving/hauling, and plumbing contracting; Warehouse/storage portion includes an overhead door, full restroom, and small gas‑powered furnace
