Industrial Flex Building with
836 Woodward Hts Ferndale, MI 48220
836 Woodward Hts, Ferndale, MI, 48220
$775,000
For Sale
$775,000
M1-zoned industrial building with office space, 15-foot clear height, and a drive-in door for owner-users and contractors.
Property Size9,101 SF
Lot Size0.29 Acres
Price / SF$85.16
Days on Market49
Property Features for 836 Woodward Hts
General Information
- Standard status
- Active
- Size
- 9,101 SF
- Lot size
- 0.29 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1955
Listing agency
Keller Williams Paint Creek
(248) 244-0705
Listed by
Joseph Delia · License #6501372650
(248) 244-0705
Source
Elliman
Added: Jun 3 Updated: Jul 10 at 3:59PM Checked: Jul 21 at 8:33AM
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 Paint Creek
Investment Insights
Based on property information with market context.
This M1-zoned industrial flex building totals approximately 9,101 square feet and is built to support a mix of work space and administration. The property includes functional shop/warehouse area, an office area, and on-site parking. Key physical features include 15' clear height and one 10' x 12' drive-in door to support routine deliveries and operations. The building was constructed in 1954 and is offered as-is.
Located in Ferndale just east of Woodward Ave, the property provides convenient access to major regional routes, including I-75 and I-696. The setting is described as a convenient Woodward Heights location with quick reach to surrounding Metro Detroit communities.
For tenants, buyers, and operators seeking an industrial or contractor-oriented space, this layout can accommodate warehouse and service needs alongside dedicated office space. With the drive-in door, maintained clear height, and parking on site, the building is positioned for everyday business operations. Buyers are advised to verify all details, including zoning and permitted uses, building and lot size, condition, door and clear height, utilities, and municipal requirements.
Located in Ferndale just east of Woodward Ave, the property provides convenient access to major regional routes, including I-75 and I-696. The setting is described as a convenient Woodward Heights location with quick reach to surrounding Metro Detroit communities.
For tenants, buyers, and operators seeking an industrial or contractor-oriented space, this layout can accommodate warehouse and service needs alongside dedicated office space. With the drive-in door, maintained clear height, and parking on site, the building is positioned for everyday business operations. Buyers are advised to verify all details, including zoning and permitted uses, building and lot size, condition, door and clear height, utilities, and municipal requirements.
Key Highlights
- Approximately 9,101 SF industrial building on approximately 0.29 acres in Ferndale (east of Woodward Ave).
- M1 zoning with flexibility for industrial, contractor, warehouse, service, storage, or owner‑user needs (buyer to verify permitted uses).
- 15' clear height plus one 10' x 12' drive‑in door for loading and operations.
Local Financial Insights For Warehouse
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 | $66.9k | $7.35 |
| − Vacancy | −$2.5k | −$0.27 |
| EGI | $64.4k | $7.08 |
| − OpEx | −$9.7k | −$1.06 |
| NOI | $54.8k | $6.02 |
9,101 SF · lease $7.35/SF/yr · vacancy 3.70% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$1.34M
$1.18M – $1.57M
NOI $94,130 @ 7.0% cap · market cap 12.15%
Second Best
Warehouse
$782.2K
$684.4K – $912.6K
NOI $54,755 @ 7.0% cap · market cap 7.07%
Theoretical Best
Specialty Retail
$1.96M
$1.72M – $2.29M
NOI $137,411 @ 7.0% cap · market cap 17.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Got Pho — 172 W Nine Mile Rd, Ferndale, MI 48220
- Cappuccino Man — W Cambourne St, Ferndale, MI 48220
- Hero or Villain Deli: HQ — 22965 Woodward Ave, Ferndale, MI 48220
- The Mean Weenie — 524 Woodward Heights, Ferndale, MI 48220
- Jackson's Five Star Catering — 1111 E 9 Mile Rd, Ferndale, MI 48220
FAQs
What type of property is this?
Flex space - M1-zoned industrial building with office space, 15-foot clear height, and a drive-in door for owner-users and contractors.
Where is this flex space located?
The property is located at 836 Woodward Hts Ferndale, MI.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Approximately 9,101 SF industrial building on approximately 0.29 acres in Ferndale (east of Woodward Ave).; M1 zoning with flexibility for industrial, contractor, warehouse, service, storage, or owner‑user needs (buyer to verify permitted uses).; 15' clear height plus one 10' x 12' drive‑in door for loading and operations.
