Industrial Warehouse with Truck
For Sale
$2,799,000
10811 Northend Ave, Ferndale, MI 48220
Industrial warehouse offers 16’ clear height and four truck wells on a 2.39-acre corner lot.
Property Size34,400 SF
Lot Size2.39 Acres
Price / SF$81.37
Days on Market191
Property Features for 10811 Northend Ave
General Information
Standard status
Active
Size
34,400 SF
Lot size
2.39 Acres
Property subtype
Industrial
Zoning
M-1
Warehouse & Industrial
Clear Height
16 ft
Dock-High Doors
4
Heavy Power
Yes
Building Details
Building Size
34,400 SF
Listing Agency:
Landmark Commercial Real Estate Services
Listed By:
Louis Ciotti · License #6501335264
(248) 488-2620
Source:
Cpix.resimplifi
Added: Apr 14
Changed: Oct 6
Last Checked: Oct 20 at 5:19PM
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 Landmark Commercial Real Estate Services
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property is an industrial warehouse for sale featuring 16’ clear height and four truck wells. Electrical service is listed as 800A/240V 3P heavy.
The warehouse is situated on a 2.39-acre corner lot, providing a distinct site configuration for industrial operations.
The listing also notes the property type as warehouses/other warehouses, and the available offering is identified as an industrial warehouse.
The warehouse is situated on a 2.39-acre corner lot, providing a distinct site configuration for industrial operations.
The listing also notes the property type as warehouses/other warehouses, and the available offering is identified as an industrial warehouse.
Key Highlights
- Industrial warehouse for sale on a 2.39‑acre corner lot
- 16’ clear height
- 4 truck wells
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$206,962
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,139,240
$4.1M
Cap Rate 7%
$2,956,600
$3.0M
Cap Rate 9%
$2,299,578
$2.3M
Market Conditions
NOI Build-Up for 34,400 SF
Gross rent
$252.8K $7.35/SF
− Vacancy
−$9.4K −$0.27/SF
EGI
$243.5K $7.08/SF
− OpEx
−$36.5K −$1.06/SF
NOI
$207.0K $6.02/SF
Area
Oakland County, MI
Vacancy
3.70%
Lease Rate
$7.35 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,139,240
Cap Rate 7%
$2,956,600
Cap Rate 9%
$2,299,578
Alternative Uses
Best Use
Warehouse
$2.96M
$2.59M – $3.45M
NOI $206,962 @ 7.0% cap · market cap 7.39%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.42M
$6.49M – $8.66M
NOI $519,385 @ 7.0% cap · market cap 18.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
16 ft
Clear height
4
Dock-high doors
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
896
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48220, MI
21,564
Population
12,003
Households
1.8
Avg Household Size
37
Median Age
53%
College-Educated
96%
High-School Grad
4.4 sq mi
ZIP Area
4,901
Density / Sq Mi
$86,095
Median Household Income
$54,557
Median Earnings
$1,191
Median Rent
$229,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- All My Sons Moving & Storage — 13220 Cloverdale St Suite B, Oak Park, MI 48237
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse offers 16’ clear height and four truck wells on a 2.39-acre corner lot.
Where is this warehouse located?
The property is located at 10811 Northend Ave Ferndale, MI.
What is the asking price?
The asking price for this property is $2,799,000.
What are key features of this property?
This property features: Industrial warehouse for sale on a 2.39‑acre corner lot; 16’ clear height; 4 truck wells
