Industrial Property with 2,940
476 Eight Mile Rd Hazel Park, MI 48030
476 Eight Mile Rd, Hazel Park, MI, 48030
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For Sale
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Industrial property featuring 2,940 SF of space.
Property Size2,940 SF
Price / SF$110.54
Days on Market1243
Property Features for 476 Eight Mile Rd
General Information
- Standard status
- Active
- Size
- 2,940 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1938
Listing agency
Signature Associates Warren
(248) 359-0615
Listed by
Joe Stack · License #MI
Source
Crexi
Added: Feb 25, 2023 Updated: Jul 6 at 7:50AM Checked: Jul 21 at 12:47PM
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 Signature Associates Warren
Investment Insights
Based on property information with market context.
This industrial property offers 2,940 square feet of space.
Key Highlights
- Industrial property available
- 2,940 SF of space
- Year Built: 1938
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 | $21.6k | $7.35 |
| − Vacancy | −$800 | −$0.27 |
| EGI | $20.8k | $7.08 |
| − OpEx | −$6.2k | −$2.12 |
| NOI | $14.6k | $4.95 |
2,940 SF · lease $7.35/SF/yr · vacancy 3.70% · expense 30.00%
Alternative Uses
Best Use
Industrial
$208.1K
$182.1K – $242.8K
NOI $14,567 @ 7.0% cap · market cap 4.48%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$634.1K
$554.9K – $739.8K
NOI $44,389 @ 7.0% cap · market cap 13.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Industrial properties
Similar For Sale Nearby
FAQs
What type of property is this?
Industrial property - Industrial property featuring 2,940 SF of space.
Where is this industrial property located?
The property is located at 476 Eight Mile Rd Hazel Park, MI.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Industrial property available; 2,940 SF of space; Year Built: 1938
