Truck
New
For Sale
$15,000,000
1125 N Perry St, Pontiac, MI 48340
Industrial facility at 1125 N Perry St, constructed in 1967.
Property Size112,047 SF
Days on Market4
Property Features for 1125 N Perry St
General Information
Standard status
Active
Size
112,047 SF
Property subtype
Industrial - Terminal/Transit
Building Details
Building Size
112,047 SF
Year Built
1967
Units
4
Listing Agency:
Encore Real Estate Investment Services
Listed By:
Brandon Abdelnour · License #6501399909
Source:
Commercialcafe
Added: Sep 1
Last Checked: Sep 4 at 2:14AM
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 Encore Real Estate Investment Services
Investment Insights
Based on property information with market context.
This truck terminal is located at 1125 N Perry St in Pontiac, Michigan. The industrial property was constructed in 1967.
The surrounding Auburn Hills, Pontiac & Rochester industrial submarket contains roughly 57.4 million SF of inventory, including approximately 25.9 million SF of logistics space, 8.1 million SF of flex inventory, and 23.4 million SF of specialized inventory. As of the third quarter of 2026, submarket vacancy was 3.8%, with approximately 730,000 SF of industrial space under construction.
The surrounding Auburn Hills, Pontiac & Rochester industrial submarket contains roughly 57.4 million SF of inventory, including approximately 25.9 million SF of logistics space, 8.1 million SF of flex inventory, and 23.4 million SF of specialized inventory. As of the third quarter of 2026, submarket vacancy was 3.8%, with approximately 730,000 SF of industrial space under construction.
Key Highlights
- Truck terminal at 1125 N Perry St, Pontiac, MI 48340
- Constructed in 1967
- Auburn Hills, Pontiac & Rochester industrial submarket vacancy was 3.8% in Q3 2026
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
$674,113
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
4.49%
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%
$13,482,260
$13.5M
Cap Rate 7%
$9,630,186
$9.6M
Cap Rate 9%
$7,490,144
$7.5M
Market Conditions
NOI Build-Up for 112,047 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
$823.5K $7.35/SF
− Vacancy
−$30.5K −$0.27/SF
EGI
$793.1K $7.08/SF
− OpEx
−$119.0K −$1.06/SF
NOI
$674.1K $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%
$13,482,260
Cap Rate 7%
$9,630,186
Cap Rate 9%
$7,490,144
Alternative Uses
Best Use
Warehouse
$9.63M
$8.43M – $11.24M
NOI $674,113 @ 7.0% cap · market cap 4.49%
Second Best
Industrial
$7.93M
$6.94M – $9.25M
NOI $555,152 @ 7.0% cap · market cap 3.70%
Theoretical Best
Specialty Retail
$24.17M
$21.15M – $28.20M
NOI $1,691,730 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
254
Businesses Nearby
Explore this area
Business Placement
Demographics for 48340, MI
26,039
Population
12,154
Households
2.1
Avg Household Size
33
Median Age
15%
College-Educated
82%
High-School Grad
7.7 sq mi
ZIP Area
3,382
Density / Sq Mi
$46,474
Median Household Income
$32,954
Median Earnings
$1,096
Median Rent
$105,800
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Truck terminal - Industrial facility at 1125 N Perry St, constructed in 1967.
Where is this truck terminal located?
The property is located at 1125 N Perry St Pontiac, MI.
What is the asking price?
The asking price for this property is $15,000,000.
What are key features of this property?
This property features: Truck terminal at 1125 N Perry St, Pontiac, MI 48340; Constructed in 1967; Auburn Hills, Pontiac & Rochester industrial submarket vacancy was 3.8% in Q3 2026
