Manufacturing Facility with Heavy
For Sale
$5,500,000
1020 Doris Rd, Auburn Hills, MI 48326
Fenced industrial facility with truckwells, grade-level doors, and production-oriented improvements.
Property Size57,185 SF
Lot Size5.00 Acres
Price / SF$96.18
Days on Market83
Property Features for 1020 Doris Rd
General Information
Standard status
Active
Size
57,185 SF
Lot size
5.00 Acres
Property subtype
Industrial
Zoning
I-1
Additional Details
Fenced Yard
Yes
Heavy Power
Yes
Building Details
Building Size
57,185 SF
Listing Agency:
Newmark Knight Frank Detroit
(248) 447-2717
Listed By:
Christopher Dowell
(248) 447-2717
Source:
Cpix.resimplifi
Added: Jun 9
Changed: Aug 29
Last Checked: Aug 30 at 12:58PM
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 Newmark Knight Frank Detroit
Investment Insights
Based on property information with market context.
This 57,185-square-foot manufacturing facility occupies almost five acres and is configured for industrial operations. The improvements include truckwells, grade-level doors, heavy power, paint booths, airlines, and compressors. A fenced site provides defined boundaries for the property, which is zoned I-1.
Located at 1020 Doris Rd in Auburn Hills, Michigan, the facility is available for immediate occupancy. Its combination of substantial building area, industrial utility capacity, loading features, and production-related equipment supports a range of manufacturing applications consistent with the existing improvements and zoning.
Located at 1020 Doris Rd in Auburn Hills, Michigan, the facility is available for immediate occupancy. Its combination of substantial building area, industrial utility capacity, loading features, and production-related equipment supports a range of manufacturing applications consistent with the existing improvements and zoning.
Key Highlights
- 57,185‑square‑foot manufacturing facility
- Almost five acres of land
- I‑1 zoning
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
$283,331
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
5.15%
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%
$5,666,620
$5.7M
Cap Rate 7%
$4,047,586
$4.0M
Cap Rate 9%
$3,148,122
$3.1M
Market Conditions
NOI Build-Up for 57,185 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
$420.3K $7.35/SF
− Vacancy
−$15.6K −$0.27/SF
EGI
$404.8K $7.08/SF
− OpEx
−$121.4K −$2.12/SF
NOI
$283.3K $4.95/SF
Area
Oakland County, MI
Vacancy
3.70%
Lease Rate
$7.35 /SF/Yr
Expense Ratio
30.00%
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%
$5,666,620
Cap Rate 7%
$4,047,586
Cap Rate 9%
$3,148,122
Alternative Uses
Best Use
Industrial
$4.05M
$3.54M – $4.72M
NOI $283,331 @ 7.0% cap · market cap 5.15%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$12.33M
$10.79M – $14.39M
NOI $863,402 @ 7.0% cap · market cap 15.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Heavy power
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
365
Businesses Nearby
Explore this area
Business Placement
Demographics for 48326, MI
22,228
Population
12,219
Households
1.8
Avg Household Size
36
Median Age
47%
College-Educated
93%
High-School Grad
16.9 sq mi
ZIP Area
1,315
Density / Sq Mi
$79,468
Median Household Income
$46,012
Median Earnings
$1,411
Median Rent
$235,300
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.
Frequently Asked Questions
What type of property is this?
Manufacturing property - Fenced industrial facility with truckwells, grade-level doors, and production-oriented improvements.
Where is this manufacturing property located?
The property is located at 1020 Doris Rd Auburn Hills, MI.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: 57,185‑square‑foot manufacturing facility; Almost five acres of land; I‑1 zoning
