12-Unit Industrial Flex
For Sale
Contact for pricing
850 York St, Plymouth, MI 48170
Three renovated buildings offer office and warehouse space with grade-level loading access.
Property Size16,732 SF
Price / SF$143.44
Days on Market16
Property Features for 850 York St
General Information
Standard status
Active
Size
16,732 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Building Details
Buildings
3
Stories
1
Construction
block
Listing Agency:
The Delia Group
(248) 244-0703
Listed By:
Brock Bean
Source:
Moodyscre
Added: Sep 21
Changed: Oct 4
Last Checked: Oct 5 at 9:05PM
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 The Delia Group
Investment Insights
Based on property information with market context.
This industrial flex property spans three one-story buildings with a combined 16,732 square feet. The 12-unit campus pairs office and warehouse areas and includes multiple grade-level overhead doors. Block exteriors and slab foundations serve the buildings, which use gas-fired space heaters with fans. A recently installed parking lot and connections to municipal water and sanitary sewer are also part of the property.
The site is near M-14, I-275, and I-96 in Plymouth, Michigan.
The site is near M-14, I-275, and I-96 in Plymouth, Michigan.
Key Highlights
- 12 industrial flex units across three buildings
- 16,732 square feet of office and warehouse space
- Multiple grade‑level overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,572
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,111,440
$2.1M
Cap Rate 7%
$1,508,171
$1.5M
Cap Rate 9%
$1,173,022
$1.2M
Market Conditions
NOI Build-Up for 16,732 SF
Gross rent
$168.7K $10.08/SF
− Vacancy
−$6.2K −$0.37/SF
EGI
$162.4K $9.71/SF
− OpEx
−$56.8K −$3.40/SF
NOI
$105.6K $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%
$2,111,440
Cap Rate 7%
$1,508,171
Cap Rate 9%
$1,173,022
Alternative Uses
Best Use
Flex RnD
$1.51M
$1.32M – $1.76M
NOI $105,572 @ 7.0% cap · market cap 4.40%
Second Best
Warehouse
$1.50M
$1.31M – $1.75M
NOI $105,185 @ 7.0% cap · market cap 4.38%
Theoretical Best
Specialty Retail
$3.10M
$2.71M – $3.61M
NOI $216,847 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
775
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48170, MI
41,069
Population
18,184
Households
2.3
Avg Household Size
45
Median Age
59%
College-Educated
97%
High-School Grad
34.5 sq mi
ZIP Area
1,190
Density / Sq Mi
$109,442
Median Household Income
$68,920
Median Earnings
$1,114
Median Rent
$400,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Similar Off Market Nearby
- Impasto Food Truck
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Frequently Asked Questions
What type of property is this?
Flex space - Three renovated buildings offer office and warehouse space with grade-level loading access.
Where is this flex space located?
The property is located at 850 York St Plymouth, MI.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 12 industrial flex units across three buildings; 16,732 square feet of office and warehouse space; Multiple grade‑level overhead doors
