Industrial Property with 2,800
8747 Lyndon St Detroit, MI 48238
8747 Lyndon St, Detroit, MI, 48238
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For Sale
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Industrial property featuring 2,800 SF of space in Detroit.
Property Size2,800 SF
Price / SF$106.79
Days on Market1521
Property Features for 8747 Lyndon St
General Information
- Standard status
- Active
- Size
- 2,800 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1947
Listing agency
Signature Associates Warren
Listed by
Joe Stack · License #MI
Source
Crexi
Added: May 24, 2022 Updated: Jul 6 at 8:38AM Checked: Jul 21 at 1:58PM
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 2,800 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
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 | $20.5k | $7.32 |
| − Vacancy | −$1.0k | −$0.37 |
| EGI | $19.5k | $6.95 |
| − OpEx | −$5.8k | −$2.08 |
| NOI | $13.6k | $4.86 |
2,800 SF · lease $7.32/SF/yr · vacancy 5.08% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Industrial properties
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FAQs
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
