Fire-Suppressed
For Sale
$6,600,000
1001 Doheny Dr, Northville, MI 48167
CI-zoned industrial facility with interior truckwell infrastructure and a new parking lot.
Property Size69,605 SF
Price / SF$94.82
Days on Market307
Property Features for 1001 Doheny Dr
General Information
Standard status
Active
Size
69,605 SF
Property subtype
Industrial
Zoning
CI
Warehouse & Industrial
Clear Height
27 ft
Sprinkler System
Yes
Building Details
Building Size
69,605 SF
Listing Agency:
Colliers
(248) 540-1000
Listed By:
Thomas Lasky
(248) 540-1000
Source:
Cpix.resimplifi
Added: Oct 28, 2025
Changed: Aug 29
Last Checked: Aug 29 at 5:01PM
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 Colliers
Investment Insights
Based on property information with market context.
The warehouse contains 69,605 square feet and provides 25–27 feet of clear height. Building improvements include a fully fire-suppressed system and two interior truckwells that have been filled and capped. A new parking lot serves the property. The facility is located at 1001 Doheny Dr in Northville, Michigan, and carries CI zoning.
Key Highlights
- 69,605 square feet of warehouse space
- 25‑27' clear height
- Two interior truckwells, filled and capped
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$437,569
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$8,751,380
$8.8M
Cap Rate 7%
$6,250,986
$6.3M
Cap Rate 9%
$4,861,878
$4.9M
Market Conditions
NOI Build-Up for 69,605 SF
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.
Gross rent
$534.6K $7.68/SF
− Vacancy
−$19.8K −$0.28/SF
EGI
$514.8K $7.40/SF
− OpEx
−$77.2K −$1.11/SF
NOI
$437.6K $6.29/SF
Area
Wayne County, MI
Vacancy
3.70%
Lease Rate
$7.68 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$8,751,380
Cap Rate 7%
$6,250,986
Cap Rate 9%
$4,861,878
Alternative Uses
Best Use
Warehouse
$6.25M
$5.47M – $7.29M
NOI $437,569 @ 7.0% cap · market cap 6.63%
Second Best
Industrial
$5.15M
$4.50M – $6.01M
NOI $360,351 @ 7.0% cap · market cap 5.46%
Theoretical Best
Specialty Retail
$12.89M
$11.28M – $15.03M
NOI $902,081 @ 7.0% cap · market cap 13.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
27 ft
Clear height
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,251
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48167, MI
25,071
Population
10,776
Households
2.3
Avg Household Size
43
Median Age
59%
College-Educated
98%
High-School Grad
19.4 sq mi
ZIP Area
1,292
Density / Sq Mi
$118,378
Median Household Income
$68,761
Median Earnings
$1,580
Median Rent
$430,500
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Northville Storage — 19320 Gerald Ave, Northville, MI 48167
- Public Storage — 787 Doheny Dr, Northville, MI 48167
- High Quality Moving Company — 679 River Park Village Blvd, Northville, MI 48167
Frequently Asked Questions
What type of property is this?
Warehouse - CI-zoned industrial facility with interior truckwell infrastructure and a new parking lot.
Where is this warehouse located?
The property is located at 1001 Doheny Dr Northville, MI.
What is the asking price?
The asking price for this property is $6,600,000.
What are key features of this property?
This property features: 69,605 square feet of warehouse space; 25‑27' clear height; Two interior truckwells, filled and capped
