Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    15489 Centennial Dr Northville, MI 48168

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Industrial property available for sale on Centennial Drive.

    Property size:
    18,000 SF
    Lot size:
    3.03 Acres

    Property Features for 15489 Centennial Dr

    General Information

    Size
    18,000 SF
    Lot size
    3.03 Acres

    We can help!

    Listing Contact
    Aj Weiner
    Source: Moodyscre

    Listing Agent: Aj Weiner

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Industrial Property on Centennial Drive

    An industrial property, offering 18,000 square feet, is available for sale. The property is located on Centennial Drive in Northville, MI.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Northville
    County
    Wayne
    State
    Michigan
    Longitude
    -83.521938
    Latitude
    42.403488

    Nearby Similar for Sale

    • $3,500,000
      5,594 SF

      Northville Equestrian Estate with Clinic

      9.5-acre equestrian estate with veterinary clinic and historic home.
      48525 8 Mile Rd W, Northville, MI 48167
      View Details
    • $525,000
      4,500 SF

      Historic Mixed-Use Building For Sale

      Historic mixed-use building with retail and residential income potential.
      9607 6 Mile Rd, Northville, MI 48168
      View Details
    • $1,497,000
      3,020 SF

      New Construction Home Near Downtown

      Luxury new construction home in Northville Township near downtown Northville.
      46159 Sunset St, Northville, MI 48167
      View Details
    • $260,000
      1,422 SF

      Spacious Condo in Northville

      Updated 3-bedroom condo with resort-style amenities and convenient location.
      19611 Neptune Ct, Northville, MI 48167
      View Details
    • $846,000
      2,001 SF

      New Corner Townhome Near Main

      New condominium with open floor plan, near Main Street.
      410 S Center St, Northville, MI 48167
      View Details
    • $676,000
      1,671 SF

      New Toll Brothers Condominium

      New condominium with open floor plan, expected completion Oct/Nov 2025.
      412 S Center St, Northville, MI 48167
      View Details
    • $285,000
      1,490 SF

      Northville Ridge First-Floor Ranch Condo

      Move-in-ready condo with wooded views and community amenities.
      15970 Morningside, Northville, MI 48168
      View Details
    • $285,000

      Northville Ridge First-Floor Ranch Condo

      Move-in-ready condo with wooded views and community amenities.
      15970 Morningside, Northville, MI 48168
      View Details
    • $565,000
      1,886 SF

      Northville Industrial Property: Prime Location

      High-Visibility Office Space in Bushwood
      39467 Dun Rovin Dr, Northville, MI 48168
      View Details
    • $5,000,000
      12,000 SF

      Northville Medical Office Complex

      12,000 SF, Multi-Tenant, NNN Lease
      40820 7 Mile Rd, Northville, MI 48167
      View Details
    • $2,161,500
      24,000 SF

      Northville Industrial Warehouse For Sale

      24,000 SF Warehouse, Excellent Location
      41600 6 Mile Rd, Northville, MI 48168
      View Details
    • $2,050,000
      25,000 SF

      Northville, MI Strip Plaza Investment

      Four-unit retail plaza, high-traffic location.
      0 Saginaw County, Northville, MI 48167
      View Details

    FAQs

    What type of property is this?
    Industrial property - Industrial property available for sale on Centennial Drive.
    Where is this industrial property located?
    The property is located at 15489 Centennial Dr Northville, MI.
    What are key features of this property?
    This property features: - Industrial property available for sale.; - Located at 15489 Centennial Dr.; - Available now.
    (248) 581-3300
    Request Owner's contact information
    15489 Centennial Dr Northville, MI 48168
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    15489 Centennial Dr
    Northville, MI 48168
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    15489 Centennial Dr Northville, MI 48168
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Aj Weiner
    (248) 581-3300
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.