Mixed-Use Property with Warehouse
For Sale
$469,900
Pending
9440 ELIZABETH LAKE Rd, White Lake, MI 48386
Two buildings with office and warehouse space, 16 parking spaces.
Property Size6,300 SF
Lot Size0.43 Acres
Days on Market210
Property Features for 9440 ELIZABETH LAKE Rd
General Information
Standard status
Pending
Size
6,300 SF
Lot size
0.43 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$6,357
Building Details
Building Size
6,300 SF
Year Built
1979
Listing Agency:
KW Showcase Realty
Listed By:
Ellias Saad · License #6501421436
(248) 360-2900
Source:
Elliman
Added: Mar 11
Changed: Aug 15
Last Checked: Aug 25 at 8:09AM
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 KW Showcase Realty
Investment Insights
Based on property information with market context.
This mixed-use property features two buildings with a total area of approximately 6300 square feet. The first building offers about 2441 square feet and includes five offices, a boardroom, a kitchen, a coffee center, and bathrooms. The second building provides approximately 3872 square feet of warehouse and storage space, complete with a mezzanine and loading doors measuring 12 feet and 8 feet. The property includes 16 parking spaces. This property is located in White Lake Charter Township, Oakland, MI.
Key Highlights
- Two buildings totaling approximately 6300 sq ft, suitable for business operations.
- Building 2 offers substantial warehouse/storage space (approx. 3872 sq ft) with mezzanine and loading doors (12' and 8').
- Building 1 contains office space (approx. 2441 sq ft) with 5 offices, boardroom, kitchen, coffee center, and bathrooms.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,903
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$758,060
$758.1K
Cap Rate 7%
$541,471
$541.5K
Cap Rate 9%
$421,144
$421.1K
Market Conditions
NOI Build-Up for 6,300 SF
Gross rent
$46.3K $7.35/SF
− Vacancy
−$1.7K −$0.27/SF
EGI
$44.6K $7.08/SF
− OpEx
−$6.7K −$1.06/SF
NOI
$37.9K $6.02/SF
Area
Oakland County, MI
Vacancy
3.70%
Lease Rate
$7.35 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$758,060
Cap Rate 7%
$541,471
Cap Rate 9%
$421,144
Alternative Uses
Best Use
Mixed Use
$911.3K
$797.4K – $1.06M
NOI $63,788 @ 7.0% cap · market cap 13.57%
Second Best
Warehouse
$541.5K
$473.8K – $631.7K
NOI $37,903 @ 7.0% cap · market cap 8.07%
Theoretical Best
Specialty Retail
$1.36M
$1.19M – $1.59M
NOI $95,120 @ 7.0% cap · market cap 20.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
79
Businesses Nearby
Explore this area
Business Placement
Demographics for 48386, MI
17,904
Population
7,680
Households
2.3
Avg Household Size
45
Median Age
33%
College-Educated
94%
High-School Grad
16.8 sq mi
ZIP Area
1,066
Density / Sq Mi
$90,805
Median Household Income
$49,063
Median Earnings
$1,480
Median Rent
$295,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two buildings with office and warehouse space, 16 parking spaces.
Where is this mixed-use property located?
The property is located at 9440 ELIZABETH LAKE Rd White Lake, MI.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: Two buildings totaling approximately 6300 sq ft, suitable for business operations.; Building 2 offers substantial warehouse/storage space (approx. 3872 sq ft) with mezzanine and loading doors (12' and 8').; Building 1 contains office space (approx. 2441 sq ft) with 5 offices, boardroom, kitchen, coffee center, and bathrooms.**
