Industrial Property with 2,800
For Sale
Contact for pricing
8747 Lyndon St, Detroit, MI 48238
Industrial property featuring 2,800 SF of space in Detroit.
Property Size2,800 SF
Price / SF$106.79
Days on Market1614
Property Features for 8747 Lyndon St
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Industrial
Zoning
M-4
Lease Type
NNN
Site & Location
Neighborhood
Davison-Schoolcraft
Building Details
Year Built
1947
Listing Agency:
Signature Associates Southfield
Listed By:
Joe Stack · License #MI
(248) 359-0615
Source:
Crexi
Added: May 24, 2022
Changed: Oct 9
Last Checked: Oct 23 at 6:09AM
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 2,800 square feet of space. The property is located on Lyndon Street in Detroit, Michigan.
Key Highlights
- Industrial Property
- 2,800 SF of space
- Year Built: 1947
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,618
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,360
$272.4K
Cap Rate 7%
$194,543
$194.5K
Cap Rate 9%
$151,311
$151.3K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$20.5K $7.32/SF
− Vacancy
−$1.0K −$0.37/SF
EGI
$19.5K $6.95/SF
− OpEx
−$5.8K −$2.08/SF
NOI
$13.6K $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%
$272,360
Cap Rate 7%
$194,543
Cap Rate 9%
$151,311
Alternative Uses
Best Use
Industrial
$194.5K
$170.2K – $227.0K
NOI $13,618 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$617.7K
$540.5K – $720.6K
NOI $43,238 @ 7.0% cap · market cap 14.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
Explore this area
Business Placement
Demographics for 48238, MI
25,747
Population
16,341
Households
1.6
Avg Household Size
37
Median Age
13%
College-Educated
84%
High-School Grad
5.4 sq mi
ZIP Area
4,768
Density / Sq Mi
$30,286
Median Household Income
$25,948
Median Earnings
$950
Median Rent
$58,700
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
Frequently Asked Questions
What type of property is this?
Industrial property - Industrial property featuring 2,800 SF of space in Detroit.
Where is this industrial property located?
The property is located at 8747 Lyndon St Detroit, MI.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Industrial Property; 2,800 SF of space; Year Built: 1947
