Two-Building Warehouse with Overhead
W 24134 W Warren Street Unit SourceFi Dearborn Heights, MI 48127
W 24134 W Warren Street Unit SourceFi, Dearborn Heights, MI, 48127
$1,295,000
For Sale
$1,295,000
Two connected warehouse buildings offer multiple overhead doors, a 25-foot ceiling in one unit, and a large parking lot.
Property Size8,691 SF
Price / SF$149
Days on Market124
Property Features for W 24134 W Warren Street Unit SourceFi
General Information
- Standard status
- Active
- Size
- 8,691 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 18 Checked: Jul 19 at 1:55 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 property features two warehouse buildings opened up to each other. Building one is two stories and includes a large restaurant-like sink/washing area, with overhead doors on both the first and second floors. Building two has side-by-side overhead doors and approximately 25-foot ceilings.
The buildings are located on W Warren Street, close to the Gulley area, between Telegraph and Beech Daly. The site includes a large parking lot.
The layout may allow the property to be split into separate units, with potential for up to three total units, subject to city requirements. Zoning is described as flexible, and uses should be verified with the city.
The buildings are located on W Warren Street, close to the Gulley area, between Telegraph and Beech Daly. The site includes a large parking lot.
The layout may allow the property to be split into separate units, with potential for up to three total units, subject to city requirements. Zoning is described as flexible, and uses should be verified with the city.
Key Highlights
- 8,700 SF warehouse property with two connected buildings featuring multiple overhead doors
- Building 1 has 2 stories with first- and second‑floor overhead doors and a large restaurant‑like sink/washing area
- Building 2 includes side‑by‑side overhead doors and 25‑ft ceilings
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 | $66.7k | $7.68 |
| − Vacancy | −$2.5k | −$0.28 |
| EGI | $64.3k | $7.40 |
| − OpEx | −$9.6k | −$1.11 |
| NOI | $54.6k | $6.29 |
8,691 SF · lease $7.68/SF/yr · vacancy 3.70% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$780.5K
$683.0K – $910.6K
NOI $54,636 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.61M
$1.41M – $1.88M
NOI $112,635 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Warehouses
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Similar Off Market Nearby
- iStorage — 24579 Ann Arbor Trail, Dearborn Heights, MI 48127
FAQs
What type of property is this?
Warehouse - Two connected warehouse buildings offer multiple overhead doors, a 25-foot ceiling in one unit, and a large parking lot.
Where is this warehouse located?
The property is located at W 24134 W Warren Street Unit SourceFi Dearborn Heights, MI.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 8,700 SF warehouse property with two connected buildings featuring multiple overhead doors; Building 1 has 2 stories with first- and second‑floor overhead doors and a large restaurant‑like sink/washing area; Building 2 includes side‑by‑side overhead doors and 25‑ft ceilings
