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    Highland Park Industrial Property For Sale Title is generated by Realmo AI

    14050 OAKLAND Street, Highland Park, MI 48203

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    For Sale
    $1,800,000

    Real Estate Only - Highland Park, MI

    Property size:
    16,289 SF
    Lot size:
    1.10 Acres
    Price / SF:
    $110/SF
    Added:
    May 1, 2025
    Days on Market:
    381
    Last Refresh:
    May 16 at 1:06 pm

    Property Features for 14050 OAKLAND Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial,Light Industrial
    Standard status
    Active
    APN
    43007020166002
    Size
    16,289 SF
    Lot size
    1.10 Acres

    Taxes and HOA fees

    Tax Annual Amount
    12281

    Building Details

    Year built
    1953
    Floors in Building
    1
    Building materials
    Block, Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Joseph Sesi
    Joseph Sesi

    Listing agent Joseph Sesi

    Listing office EXP Realty Main 39555 Orchard Hill Place Ste 600, Royal Oak, MI

    Listing date May 1, 2025

    MLS# 20250031168 Listing URL

    Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 16,269 SQFT industrial property on 1.1 acres, suitable for various operations.
    • 2,000 amps of 480‑volt, three‑phase power, ideal for high‑load operations.
    • Reinforced concrete mezzanine (3,089 SQFT) offering superior structural integrity.
    • Strategic location near I‑75 and Davison Freeway, with proximity to major distributors.
    • Zoned for light industrial use with room for expansion or outdoor storage.
    • Fully vacant and move‑in ready.

    Overview

    This industrial property, situated on just over 1.1 acres, offers approximately 16,269 square feet of total space. The main level comprises 13,200 square feet, complemented by a 3,089-square-foot reinforced concrete mezzanine that provides superior structural integrity. The layout features a large warehouse, three offices, an IT room, and a security office. Equipped with 2,000 amps of 480-volt, three-phase power, the property is suitable for manufacturing, distribution, and other high-load operations. It is zoned for commercial and light industrial use, with potential for expansion or outdoor storage. The property is strategically located minutes from I-75 and the Davison Freeway, near Eastown Distributors, Great Lakes Wine & Spirits, Budco, Motor City Seafood Company, and Coca-Cola Vending. The property is fully vacant and move-in ready.

    Financial Insights

    Value Estimation Calculated for Warehouse

    Conservative
    $1.14M
    NOI $102,400 @ 9.00% cap · cautious / downside scenario
    Moderate
    $1.46M
    NOI $102,400 @ 7.00% cap · market / base-case scenario
    Aggressive
    $2.05M
    NOI $102,400 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Warehouse

    Component $ $/SF
    Gross rent $125.1k $7.68
    − Vacancy −$4.6k −$0.28
    EGI $120.5k $7.40
    − OpEx −$18.1k −$1.11
    NOI $102.4k $6.29
    16,289 SF · lease $7.68/SF/yr · vacancy 3.70% · expense 15.00%

    Alternative Use Scenarios

    Best Use
    Warehouse
    $1.46M
    $1.28M – $1.71M (±1% cap)
    NOI $102,400 @ 7.0% cap · market cap 5.69%
    Second Best
    Industrial
    $1.20M
    $1.05M – $1.41M (±1% cap)
    NOI $84,330 @ 7.0% cap · market cap 4.69%
    Theoretical Best
    Specialty Retail
    $3.02M
    $2.64M – $3.52M (±1% cap)
    NOI $211,105 @ 7.0% cap · market cap 11.73%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Highland Park
    County
    Wayne
    State
    Michigan
    Longitude
    -83.087804
    Latitude
    42.410709

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    FAQs

    What type of property is this?
    Industrial property - 16,269 SF industrial property on 1.1 acres in Highland Park.
    Where is this industrial property located?
    The property is located at 14050 OAKLAND Street Highland Park, MI.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: 16,269 SQFT industrial property on 1.1 acres, suitable for various operations.; 2,000 amps of 480‑volt, three‑phase power, ideal for high‑load operations.; **Reinforced concrete mezzanine (3,089 SQFT) offering superior structural integrity.**
    (248) 617-7777
    We can help!
    Listing Contact
    Joseph Sesi
    Joseph Sesi
    Real Estate License ID: 6501424978
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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