Industrial Space
For Sale
Contact for pricing
13230 Hamilton Avenue, Detroit, MI 48230
1,734 SF industrial property for sale.
Property Size1,734 SF
Price / SF$112.46
Days on Market1932
Property Features for 13230 Hamilton Avenue
General Information
Standard status
Active
Size
1,734 SF
Property subtype
Industrial
Zoning
B-1
Investment Type
Owner/User
Building Details
Tenancy
Single
Listing Agency:
Signature Associates Southfield
Listed By:
Joe Stack · License #MI
(248) 359-0615
Source:
Crexi
Added: Jun 23, 2021
Changed: Sep 25
Last Checked: Oct 5 at 3:56PM
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
Investment Insights
Based on property information with market context.
This industrial property offers 1,734 square feet of space. It is located on Hamilton Avenue in Detroit, Michigan.
Key Highlights
- Industrial property
- 1,734 SF of space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,434
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$168,680
$168.7K
Cap Rate 7%
$120,486
$120.5K
Cap Rate 9%
$93,711
$93.7K
Market Conditions
NOI Build-Up for 1,734 SF
Gross rent
$12.7K $7.32/SF
− Vacancy
−$645 −$0.37/SF
EGI
$12.0K $6.95/SF
− OpEx
−$3.6K −$2.08/SF
NOI
$8.4K $4.86/SF
Area
Detroit, MI
Vacancy
5.08%
Lease Rate
$7.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$168,680
Cap Rate 7%
$120,486
Cap Rate 9%
$93,711
Alternative Uses
Best Use
Industrial
$120.5K
$105.4K – $140.6K
NOI $8,434 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$382.5K
$334.7K – $446.3K
NOI $26,777 @ 7.0% cap · market cap 13.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
502
Businesses Nearby
Explore this area
Business Placement
Demographics for 48230, MI
17,559
Population
7,369
Households
2.4
Avg Household Size
42
Median Age
73%
College-Educated
99%
High-School Grad
3.3 sq mi
ZIP Area
5,321
Density / Sq Mi
$131,155
Median Household Income
$65,716
Median Earnings
$1,451
Median Rent
$448,200
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 Detroit, MI
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - 1,734 SF industrial property for sale.
Where is this industrial property located?
The property is located at 13230 Hamilton Avenue Detroit, MI.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Industrial property; 1,734 SF of space
