Flex Building with Glass Roll-Up
8635 Mack Ave, Detroit, MI 48214
For Sale
$499,000
A renovated, multi-room commercial interior includes reception, office, restrooms, a shower room, and open floor area.
Property Size2,500 SF
Lot Size0.43 Acres
Price / SF$199.60
Days on Market19
Property Features for 8635 Mack Ave
General Information
Standard status
Size
Lot size
Site & Location
Neighborhood
Road Access
Additional Details
Patio
Taxes and HOA fees
Annual Taxes
Building Details
Year Renovated
Buildings
Building Size
Listing Agency:
Nika & Co
(313) 858-6580
Listed By:
Vadim Oss · License #6505433305
(248) 266-2566
Source:
Exprealty
Added: Oct 20
Changed: Nov 7
Last Checked: Nov 7 at 1:20PM
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 Nika & Co
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Investment Insights
Based on property information with market context.
This flex property offers up to 2,500 square feet, renovated in 2019. Its interior includes reception space, an office, two restrooms, a shower room, and an open floor area. Four glass roll-up bay doors provide openings toward Mack Avenue and the yard, and an on-site parking lot serves the property.
The building occupies about 0.43 acre along Mack Avenue in Detroit. Trees and lawn are on site; an organic garden is located on adjacent parcels. The property is near Pingree Park, with residential neighbors described around the site.
The building occupies about 0.43 acre along Mack Avenue in Detroit. Trees and lawn are on site; an organic garden is located on adjacent parcels. The property is near Pingree Park, with residential neighbors described around the site.
Key Highlights
- Up to 2,500 square feet of commercial space
- Renovated in 2019
- Four glass roll‑up bay doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,940
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$358,800
$358.8K
Cap Rate 7%
$256,286
$256.3K
Cap Rate 9%
$199,333
$199.3K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$30.0K $12.00/SF
− Vacancy
−$2.4K −$0.96/SF
EGI
$27.6K $11.04/SF
− OpEx
−$9.7K −$3.86/SF
NOI
$17.9K $7.18/SF
Area
Detroit, MI
Vacancy
8.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$358,800
Cap Rate 7%
$256,286
Cap Rate 9%
$199,333
Alternative Uses
Best Use
Flex RnD
$256.3K
$224.3K – $299.0K
NOI $17,940 @ 7.0% cap · market cap 3.60%
Second Best
Industrial
$173.7K
$152.0K – $202.7K
NOI $12,159 @ 7.0% cap · market cap 2.44%
Theoretical Best
Office A
$551.5K
$482.6K – $643.4K
NOI $38,606 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
223
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48214, MI
18,959
Population
13,279
Households
1.4
Avg Household Size
44
Median Age
27%
College-Educated
84%
High-School Grad
5.1 sq mi
ZIP Area
3,717
Density / Sq Mi
$34,807
Median Household Income
$36,625
Median Earnings
$818
Median Rent
$120,500
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Detroit, MI
Properties on Market for Flex space in Detroit
Vacancy Rate% for Industrial in Detroit, MI
Frequently Asked Questions
What type of property is this?
Flex space - A renovated, multi-room commercial interior includes reception, office, restrooms, a shower room, and open floor area.
Where is this flex space located?
The property is located at 8635 Mack Ave Detroit, MI.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Up to 2,500 square feet of commercial space; Renovated in 2019; Four glass roll‑up bay doors
