Modern Flex
For Sale
$1,250,000
930 E Lewiston Avenue, Ferndale, MI 48220
A split warehouse-and-office layout combines private work areas, shared amenities, and grade-level loading access.
Property Size10,500 SF
Days on Market117
Property Features for 930 E Lewiston Avenue
General Information
Standard status
Active
Size
10,500 SF
Property subtype
Industrial
Building Details
Building Size
10,500 SF
Listing Agency:
KJ Commercial
Listed By:
Kevin Jappaya, CCIM
(248) 931-1980
Source:
Kjcre
Added: Jun 25
Changed: Oct 10
Last Checked: Oct 16 at 5:51AM
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 KJ Commercial
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Investment Insights
Based on property information with market context.
This 10,500 SF flex property at 930 E. Lewiston Avenue includes 7,000 SF of warehouse area and 3,500 SF of office space. The office component features contemporary finishes, individual offices, a kitchen, and a breakroom. Its warehouse portion provides an open interior with 14' clear heights, concrete floors, and a 10' x 12' grade-level roll-up door.
The layout brings finished administrative space and functional industrial area together within one building. The combination of private offices, employee amenities, open warehouse capacity, and direct ground-level loading supports a range of flex-oriented operations.
The layout brings finished administrative space and functional industrial area together within one building. The combination of private offices, employee amenities, open warehouse capacity, and direct ground-level loading supports a range of flex-oriented operations.
Key Highlights
- 10,500 SF flex building with 7,000 SF warehouse and 3,500 SF office space
- 14' clear warehouse height supports flexible storage and operations
- 10' x 12' grade‑level roll‑up door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,599
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,171,980
$2.2M
Cap Rate 7%
$1,551,414
$1.6M
Cap Rate 9%
$1,206,656
$1.2M
Market Conditions
NOI Build-Up for 10,500 SF
Gross rent
$189.0K $18.00/SF
− Vacancy
−$21.9K −$2.09/SF
EGI
$167.1K $15.91/SF
− OpEx
−$58.5K −$5.57/SF
NOI
$108.6K $10.34/SF
Area
Oakland County, MI
Vacancy
11.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,171,980
Cap Rate 7%
$1,551,414
Cap Rate 9%
$1,206,656
Alternative Uses
Best Use
Flex RnD
$1.55M
$1.36M – $1.81M
NOI $108,599 @ 7.0% cap · market cap 8.69%
Second Best
Warehouse
$902.5K
$789.7K – $1.05M
NOI $63,172 @ 7.0% cap · market cap 5.05%
Theoretical Best
Specialty Retail
$2.26M
$1.98M – $2.64M
NOI $158,533 @ 7.0% cap · market cap 12.68%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,374
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 48220, MI
21,564
Population
12,003
Households
1.8
Avg Household Size
37
Median Age
53%
College-Educated
96%
High-School Grad
4.4 sq mi
ZIP Area
4,901
Density / Sq Mi
$86,095
Median Household Income
$54,557
Median Earnings
$1,191
Median Rent
$229,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Quarton Catering — 22020 Woodward Ave, Ferndale, MI 48220
- Continental Culinary Center — 1515 Jarvis St # 1, Ferndale, MI 48220
- Got Pho — 172 W Nine Mile Rd, Ferndale, MI 48220
- Hero or Villain Deli: HQ — 22965 Woodward Ave, Ferndale, MI 48220
- Jackson's Five Star Catering — 1111 E 9 Mile Rd, Ferndale, MI 48220
Frequently Asked Questions
What type of property is this?
Flex space - A split warehouse-and-office layout combines private work areas, shared amenities, and grade-level loading access.
Where is this flex space located?
The property is located at 930 E Lewiston Avenue Ferndale, MI.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 10,500 SF flex building with 7,000 SF warehouse and 3,500 SF office space; 14' clear warehouse height supports flexible storage and operations; 10' x 12' grade‑level roll‑up door
