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 Market145
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: Sep 4
Last Checked: Sep 5 at 3:44AM
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
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
$206,962
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
7.39%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
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
- 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
