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    Highland Park Warehouse For Sale Title is generated by Realmo AI

    17905 Chrysler Dr, Highland Park, MI 48390

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    3,300 sqft warehouse available for purchase in Highland Park.

    Type:Industrial
    Property size:
    3,300 SF
    Price / SF:
    $89/SF
    Added:
    Jun 25, 2024
    Days on Market:
    742
    Last Refresh:
    May 12 at 9:20 pm

    Property Features for 17905 Chrysler Dr

    General Information

    Standard status
    Active
    Size
    3,300 SF
    Property subtype
    Industrial

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    Joe Stack
    Joe Stack

    Listing office Signature Associates Warren

    Listing date Jun 25, 2024

    Source Crexi

    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

    HighLights

    • No property information was provided to analyze.

    Overview

    This 3,300 square foot warehouse is available for sale. The property is located in Highland Park, Michigan.

    Local Financial Insights For Warehouse

    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 $25.3k $7.68
    − Vacancy −$938 −$0.28
    EGI $24.4k $7.40
    − OpEx −$3.7k −$1.11
    NOI $20.7k $6.29
    3,300 SF · lease $7.68/SF/yr · vacancy 3.70% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $296.4K
    $259.3K – $345.8K (±1% cap)
    NOI $20,745 @ 7.0% cap · market cap 7.03%
    Second Best
    Industrial
    $244.1K
    $213.6K – $284.7K (±1% cap)
    NOI $17,084 @ 7.0% cap · market cap 5.79%
    Theoretical Best
    Specialty Retail
    $611.0K
    $534.6K – $712.8K (±1% cap)
    NOI $42,768 @ 7.0% cap · market cap 14.50%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Real Estate Agency Restaurant Dental Office Spa & Massage Center Hair Salon Building Supply Gym & Fitness Center Kitchen & Bath Showroom Pharmacy Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Highland Park
    County
    Wayne
    State
    Michigan
    Longitude
    -83.093926
    Latitude
    42.4242809

    FAQs

    What type of property is this?
    Warehouse - 3,300 sqft warehouse available for purchase in Highland Park.
    Where is this warehouse located?
    The property is located at 17905 Chrysler Dr Highland Park, MI.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: No property information was provided to analyze.
    (248) 359-0615 Call to check price and availability
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