Industrial Warehouse with Truck
10811 Northend Ave Ferndale, MI 48220
10811 Northend Ave, Ferndale, MI, 48220
$2,799,000
For Sale
$2,799,000
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 Market100
Property Features for 10811 Northend Ave
General Information
- Standard status
- Active
- Size
- 34,400 SF
- Lot size
- 2.39 Acres
- Property subtype
- Industrial
Listing agency
Landmark Commercial Real Estate Services
(248) 488-2620
Listed by
Louis Ciotti · License #6501335264
(248) 488-2620
Source
Cpix.resimplifi
Added: Apr 14 Updated: Jul 22 at 9:28AM Checked: Jul 22 at 9:28AM
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
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
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 | $252.8k | $7.35 |
| − Vacancy | −$9.4k | −$0.27 |
| EGI | $243.5k | $7.08 |
| − OpEx | −$36.5k | −$1.06 |
| NOI | $207.0k | $6.02 |
34,400 SF · lease $7.35/SF/yr · vacancy 3.70% · expense 15.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
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
