Flex Industrial Showroom
For Sale
$5,200,000
Pending
8655 E 8 Mile Rd, Warren, MI 48089
Large showroom and high-clear warehouse space with substantial power and gated truck-and-parking access for flexible operations.
Property Size77,283 SF
Lot Size3.00 Acres
Days on Market273
Property Features for 8655 E 8 Mile Rd
General Information
Standard status
Pending
Size
77,283 SF
Total Parking Spaces
126
Lot size
3.00 Acres
Property subtype
Commercial
Zoning
M2
Warehouse & Industrial
Clear Height
27 ft
Dock-High Doors
3
Drive-In Doors
1
Heavy Power
Yes
Sprinkler System
Yes
Additional Details
Fenced Yard
Yes
Building Details
Year Built
1952
Listing Agency:
RE/MAX First
Listed By:
Ted W Reithel · License #279677
(248) 420-4922
Source:
Metrodetroithomeguide
Added: Jan 6
Changed: Oct 1
Last Checked: Oct 5 at 7:27PM
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 RE/MAX First
Investment Insights
Based on property information with market context.
The property consists of a single industrial building on three acres, totaling 77,697 square feet, designed for combined showroom and warehouse use. The building includes a 16,056-square-foot showroom with 15-foot ceilings and a 27,253-square-foot warehouse area with 24-foot and 27-foot ceilings. Substantial ground floor and mezzanine office space supports internal operations and administrative needs, and floor plans are available for review.
Located on the border of Macomb and Wayne Counties along 8 Mile Road, the site benefits from access to a main artery. The property also offers direct access to the City of Detroit and sits directly across the street from a new multi-million dollar redevelopment. Parking and loading are supported by a paved lot featuring approximately 126 parking places, an entirely gated rear yard including parking, and truck support elements including three truck wells. The facility is complemented by a 16-foot overhead door, cranes, and an updated fire suppression system throughout.
The M2 zoning is noted as providing maximum flexibility for a range of industrial uses. The site also has substantial power at 5,000 amps and includes roof improvements, with a newer premium roof and a newer Duro-Last roof on most portions of the building. Existing features such as LED lighting and the operational loading configuration make the property suitable for tenants seeking an integrated showroom, warehousing, and office setup.
Located on the border of Macomb and Wayne Counties along 8 Mile Road, the site benefits from access to a main artery. The property also offers direct access to the City of Detroit and sits directly across the street from a new multi-million dollar redevelopment. Parking and loading are supported by a paved lot featuring approximately 126 parking places, an entirely gated rear yard including parking, and truck support elements including three truck wells. The facility is complemented by a 16-foot overhead door, cranes, and an updated fire suppression system throughout.
The M2 zoning is noted as providing maximum flexibility for a range of industrial uses. The site also has substantial power at 5,000 amps and includes roof improvements, with a newer premium roof and a newer Duro-Last roof on most portions of the building. Existing features such as LED lighting and the operational loading configuration make the property suitable for tenants seeking an integrated showroom, warehousing, and office setup.
Key Highlights
- Single building totaling 77,697 SF on 3 acres (16,056 SF showroom + 27,253 SF warehouse + ground floor/mezzanine office).
- M2 zoning offers maximum flexibility for varied usage.
- Warehouse features 24‑ft and 27‑ft ceilings with 16‑ft overhead door, cranes, and 3 truck wells.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$397,026
Cap Rate
7.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,940,520
$7.9M
Cap Rate 7%
$5,671,800
$5.7M
Cap Rate 9%
$4,411,400
$4.4M
Market Conditions
NOI Build-Up for 77,283 SF
Gross rent
$593.5K $7.68/SF
− Vacancy
−$26.4K −$0.34/SF
EGI
$567.2K $7.34/SF
− OpEx
−$170.2K −$2.20/SF
NOI
$397.0K $5.14/SF
Area
Warren, MI
Vacancy
4.44%
Lease Rate
$7.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,940,520
Cap Rate 7%
$5,671,800
Cap Rate 9%
$4,411,400
Alternative Uses
Best Use
Retail
$13.60M
$11.90M – $15.86M
NOI $951,889 @ 7.0% cap · market cap 18.31%
Second Best
Flex RnD
$11.33M
$9.92M – $13.22M
NOI $793,295 @ 7.0% cap · market cap 15.26%
Theoretical Best
Office A
$17.05M
$14.92M – $19.89M
NOI $1,193,425 @ 7.0% cap · market cap 22.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
27 ft
Clear height
3
Dock-high doors
1
Drive-in doors
Yes
Heavy power
Yes
Sprinkler system
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
564
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48089, MI
32,012
Population
13,597
Households
2.4
Avg Household Size
35
Median Age
11%
College-Educated
83%
High-School Grad
8.0 sq mi
ZIP Area
4,002
Density / Sq Mi
$53,076
Median Household Income
$35,786
Median Earnings
$1,187
Median Rent
$117,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Mercurio Food Specialties — 24920 Gibson Dr, Warren, MI 48089
Frequently Asked Questions
What type of property is this?
Flex space - Large showroom and high-clear warehouse space with substantial power and gated truck-and-parking access for flexible operations.
Where is this flex space located?
The property is located at 8655 E 8 Mile Rd Warren, MI.
What is the asking price?
The asking price for this property is $5,200,000.
What are key features of this property?
This property features: Single building totaling 77,697 SF on 3 acres (16,056 SF showroom + 27,253 SF warehouse + ground floor/mezzanine office).; M2 zoning offers maximum flexibility for varied usage.; Warehouse features 24‑ft and 27‑ft ceilings with 16‑ft overhead door, cranes, and 3 truck wells.
