Turnkey Truck Terminal
For Sale
$590,000
11720 CLOVERDALE ST, Detroit, MI 48204
Turnkey trucking and liquidation operation offered with real estate, equipment, and inventory included, plus training support during transition.
Property Size7,454 SF
Lot Size1.00 Acre
Price / SF$79.15
Days on Market122
Property Features for 11720 CLOVERDALE ST
General Information
Standard status
Active
Size
7,454 SF
Lot size
1.00 Acre
Property subtype
Industrial
Additional Details
Business Included
Yes
Amenities
3
122.5136
Building Details
Year Built
19
Listing Agency:
NATOD Management
(313) 693-0984
Listed By:
Drake O'Donnell
(313) 693-0984
Source:
Xome
Added: Apr 12
Changed: Aug 8
Last Checked: Aug 11 at 5:15AM
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 NATOD Management
Investment Insights
Based on property information with market context.
This for-sale truck terminal offering is presented as a turnkey commercial opportunity, including an active trucking and liquidation business with the real estate, equipment, and inventory included in the sale. The package is described as three parcels, and the current owner is willing to remain on-site during a transition period to train a new buyer.
The properties include three buildings providing operational space within the three-parcel configuration. The sale can be structured as a package or individually, with this listing tied to the parcel at 11720 Cloverdale Street.
All measurements and figures are approximate, and the buyer should verify all measurements, zoning, and permitted uses. Please do not approach employees or ownership directly; contact the listing agent to schedule a private showing.
The properties include three buildings providing operational space within the three-parcel configuration. The sale can be structured as a package or individually, with this listing tied to the parcel at 11720 Cloverdale Street.
All measurements and figures are approximate, and the buyer should verify all measurements, zoning, and permitted uses. Please do not approach employees or ownership directly; contact the listing agent to schedule a private showing.
Key Highlights
- Turnkey trucking and liquidation operation includes real estate, equipment, and inventory (business fully active and income‑producing).
- Three‑parcel package: 11710, 11720, and 11756 Cloverdale, totaling 1+ acre with 3 buildings and 16,486 SF operational space.
- Includes all inventory in the sale, with the current owner willing to remain on‑site during a transition period to train the buyer.
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
$53,116
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
9.00%
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%
$1,062,320
$1.1M
Cap Rate 7%
$758,800
$758.8K
Cap Rate 9%
$590,178
$590.2K
Market Conditions
NOI Build-Up for 7,454 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
$65.3K $8.76/SF
− Vacancy
−$2.8K −$0.38/SF
EGI
$62.5K $8.38/SF
− OpEx
−$9.4K −$1.26/SF
NOI
$53.1K $7.13/SF
Area
Detroit, MI
Vacancy
4.30%
Lease Rate
$8.76 /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%
$1,062,320
Cap Rate 7%
$758,800
Cap Rate 9%
$590,178
Alternative Uses
Best Use
Warehouse
$758.8K
$664.0K – $885.3K
NOI $53,116 @ 7.0% cap · market cap 9.00%
Second Best
Industrial
$517.9K
$453.2K – $604.2K
NOI $36,254 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$1.64M
$1.44M – $1.92M
NOI $115,107 @ 7.0% cap · market cap 19.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
385
Businesses Nearby
Explore this area
Business Placement
Demographics for 48204, MI
21,738
Population
13,691
Households
1.6
Avg Household Size
37
Median Age
10%
College-Educated
83%
High-School Grad
5.0 sq mi
ZIP Area
4,348
Density / Sq Mi
$32,875
Median Household Income
$26,701
Median Earnings
$970
Median Rent
$53,600
Median Home Value
Market
Vacancy Rate% for Industrial in Detroit, MI
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Truck terminal - Turnkey trucking and liquidation operation offered with real estate, equipment, and inventory included, plus training support during transition.
Where is this truck terminal located?
The property is located at 11720 CLOVERDALE ST Detroit, MI.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: Turnkey trucking and liquidation operation includes real estate, equipment, and inventory (business fully active and income‑producing).; Three‑parcel package: 11710, 11720, and 11756 Cloverdale, totaling 1+ acre with 3 buildings and 16,486 SF operational space.; Includes all inventory in the sale, with the current owner willing to remain on‑site during a transition period to train the buyer.
