Multi-Building Industrial
W 24101 W Warren Street Unit SourceFi Dearborn Heights, MI 48127
W 24101 W Warren Street Unit SourceFi, Dearborn Heights, MI, 48127
$1,795,000
For Sale
$1,795,000
Multi-building warehouse complex includes a showroom and two additional structures with overhead doors and high ceilings.
Property Size11,240 SF
Price / SF$159.70
Days on Market125
Property Features for W 24101 W Warren Street Unit SourceFi
General Information
- Standard status
- Active
- Size
- 11,240 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 19
Listing Agency
Century 21 Curran & Oberski
(313) 999-7688
Listed by
Mike Ismail · License #6501377342
(313) 999-7688
Source
Xome
Added: Mar 17 Checked: Jul 19 at 1:58 am
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 Century 21 Curran & Oberski
Investment Insights
Based on property information with market context.
This for-sale multi-building industrial facility includes an 11,000+ sqft warehouse property with two additional buildings on the same site. A 3,000 sqft showroom features a receptionist area, office space, storage, and two bathrooms. The showroom opens to a second building addition built in 1980, which includes an 18 ft high ceiling, overhead door access, a bathroom, and a separate building entrance. A third 2-story addition built in 1990 includes a large industrial laundry area, 18 ft ceilings, and first- and second-floor overhead doors. Building 3 could potentially be split into two units, and Buildings 2 and 3 share an open concept connection.
The property is located in the Telegraph & Warren Ave area, between Telegraph and Beech Daly, and includes a large parking lot. The public remarks note zoning flexibility (see city). The property across the street is also listed for sale (see MLS I.D # 2026107136).
The property is located in the Telegraph & Warren Ave area, between Telegraph and Beech Daly, and includes a large parking lot. The public remarks note zoning flexibility (see city). The property across the street is also listed for sale (see MLS I.D # 2026107136).
Key Highlights
- Multi‑building warehouse complex totaling 11,000+ sqft, with a 3,000 sqft showroom and two additional buildings.
- 3,000 sqft showroom includes receptionist area, office space, storage, and 2 bathrooms.
- 1980‑built second building features an 18‑ft high ceiling, overhead door, bathroom, new roof, and a separate building entrance.
Local Financial Insights For Retail
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 | $161.9k | $14.40 |
| − Vacancy | −$9.7k | −$0.86 |
| EGI | $152.1k | $13.54 |
| − OpEx | −$45.6k | −$4.06 |
| NOI | $106.5k | $9.48 |
11,240 SF · lease $14.40/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.52M
$1.33M – $1.78M
NOI $106,501 @ 7.0% cap · market cap 5.93%
Second Best
Flex RnD
$1.01M
$886.5K – $1.18M
NOI $70,920 @ 7.0% cap · market cap 3.95%
Theoretical Best
Specialty Retail
$2.08M
$1.82M – $2.43M
NOI $145,670 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- The Rite Spice Catering Co. LLc — 7500 Bramell, Redford Charter Twp, MI 48239
FAQs
What type of property is this?
Flex space - Multi-building warehouse complex includes a showroom and two additional structures with overhead doors and high ceilings.
Where is this flex space located?
The property is located at W 24101 W Warren Street Unit SourceFi Dearborn Heights, MI.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: Multi‑building warehouse complex totaling 11,000+ sqft, with a 3,000 sqft showroom and two additional buildings.; 3,000 sqft showroom includes receptionist area, office space, storage, and 2 bathrooms.; 1980‑built second building features an 18‑ft high ceiling, overhead door, bathroom, new roof, and a separate building entrance.
