Industrial Property with 2,940
For Sale
Contact for pricing
476 Eight Mile Rd, Hazel Park, MI 48030
Industrial property featuring 2,940 SF of space.
Property Size2,940 SF
Price / SF$110.54
Days on Market1333
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 Southfield
Listed By:
Joe Stack · License #MI
(248) 359-0615
Source:
Crexi
Added: Feb 25, 2023
Changed: Oct 13
Last Checked: Oct 19 at 5:36AM
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 Southfield
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,567
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,340
$291.3K
Cap Rate 7%
$208,100
$208.1K
Cap Rate 9%
$161,856
$161.9K
Market Conditions
NOI Build-Up for 2,940 SF
Gross rent
$21.6K $7.35/SF
− Vacancy
−$800 −$0.27/SF
EGI
$20.8K $7.08/SF
− OpEx
−$6.2K −$2.12/SF
NOI
$14.6K $4.95/SF
Area
Oakland County, MI
Vacancy
3.70%
Lease Rate
$7.35 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,340
Cap Rate 7%
$208,100
Cap Rate 9%
$161,856
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 authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
436
Businesses Nearby
Explore this area
Business Placement
Demographics for 48030, MI
14,983
Population
7,149
Households
2.1
Avg Household Size
38
Median Age
25%
College-Educated
90%
High-School Grad
2.8 sq mi
ZIP Area
5,351
Density / Sq Mi
$62,878
Median Household Income
$42,374
Median Earnings
$1,221
Median Rent
$141,200
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
Frequently Asked Questions
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
