Two-Building Industrial Flex
8407 E 9 Mile Road Unit SourceFi Warren, MI 48089
8407 E 9 Mile Road Unit SourceFi, Warren, MI, 48089
$525,000
For Sale
$525,000
Two standalone industrial buildings are fully leased and provide $5,000 in rental income.
Property Size8,277 SF
Price / SF$63.43
Days on Market65
Property Features for 8407 E 9 Mile Road Unit SourceFi
General Information
- Standard status
- Active
- Size
- 8,277 SF
- Property subtype
- Industrial
Listing Agency
Community Choice Realty Inc
(586) 822-9717
Listed by
Fadi Akkam
(586) 822-9717
Source
Xome
Added: May 17 Checked: Jul 19 at 1:58 am
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 Community Choice Realty Inc
Investment Insights
Based on property information with market context.
This property consists of two standalone industrial buildings totaling approximately 8,277 square feet. Both buildings are fully leased and currently generate $5,000 in rental income.
The buildings are located directly on E. Nine Mile Rd, east of Van Dyke Rd, offering high visibility. The site includes ample on-site parking and provides immediate access to I-94, I-75, and I-69.
The offering is an income-producing industrial flex-style configuration suitable for buyers seeking an already-leased setup.
The buildings are located directly on E. Nine Mile Rd, east of Van Dyke Rd, offering high visibility. The site includes ample on-site parking and provides immediate access to I-94, I-75, and I-69.
The offering is an income-producing industrial flex-style configuration suitable for buyers seeking an already-leased setup.
Key Highlights
- Two standalone industrial buildings totaling approximately 8,277 SF, fully leased
- Property generates $5,000 in rental income
- Located directly on E. Nine Mile Rd, east of Van Dyke Rd
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 | $63.6k | $7.68 |
| − Vacancy | −$2.8k | −$0.34 |
| EGI | $60.7k | $7.34 |
| − OpEx | −$18.2k | −$2.20 |
| NOI | $42.5k | $5.14 |
8,277 SF · lease $7.68/SF/yr · vacancy 4.44% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$1.21M
$1.06M – $1.42M
NOI $84,962 @ 7.0% cap · market cap 16.18%
Second Best
Industrial
$607.4K
$531.5K – $708.7K
NOI $42,521 @ 7.0% cap · market cap 8.10%
Theoretical Best
Office A
$1.83M
$1.60M – $2.13M
NOI $127,816 @ 7.0% cap · market cap 24.35%
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
- Mercurio Food Specialties — 24920 Gibson Dr, Warren, MI 48089
FAQs
What type of property is this?
Flex space - Two standalone industrial buildings are fully leased and provide $5,000 in rental income.
Where is this flex space located?
The property is located at 8407 E 9 Mile Road Unit SourceFi Warren, MI.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two standalone industrial buildings totaling approximately 8,277 SF, fully leased; Property generates $5,000 in rental income; Located directly on E. Nine Mile Rd, east of Van Dyke Rd
