Northville Warehouse with Gravel
7586 Chubb Road Northville, MI 48168
For Sale
$1,500,000
4,000 SF office, three overhead doors, 10-acre gravel yard.
Property Size10,000 SF
Lot Size10.00 Acres
Price / SF$150
Days on Market125
Property Features for 7586 Chubb Road
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Lot size
- 10.00 Acres
- Property subtype
- Industrial
Listing Agency:
CBRE | Detroit
(248) 936-6813
Listed By:
Joseph Hauska
(248) 936-6813
Source:
Cbre
Added: Mar 25
Changed: Jul 6
Last Checked: Jul 27 at 5:45AM
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 CBRE | Detroit
Investment Insights
Based on property information with market context.
This commercial real estate offering includes a warehouse and industrial property featuring a 4,000-square-foot office space. The property is equipped with three overhead doors. It also features a 10-acre lot surfaced with gravel, suitable for outside storage.
Key Highlights
- 10 Acres all gravel
- 4,000 SF Office
- Three (3) overhead doors for easy access
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 | $76.8k | $7.68 |
| − Vacancy | −$2.8k | −$0.28 |
| EGI | $74.0k | $7.40 |
| − OpEx | −$11.1k | −$1.11 |
| NOI | $62.9k | $6.29 |
10,000 SF · lease $7.68/SF/yr · vacancy 3.70% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$898.1K
$785.8K – $1.05M
NOI $62,865 @ 7.0% cap · market cap 4.19%
Second Best
Industrial
$739.6K
$647.1K – $862.9K
NOI $51,771 @ 7.0% cap · market cap 3.45%
Theoretical Best
Specialty Retail
$1.85M
$1.62M – $2.16M
NOI $129,600 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
R & R Heavy ...
Trucking Company
Rotondo Brothers Concrete ...
Construction Company
Verità Telecommunications Corporation ...
Telecommunications Service
Michigan Aerial
Car Dealership
Similar Off Market Nearby
- Plymouth Salem Storage — 10050 Marilyn St, Northville, MI 48168
- Prestige Storage - Northville — 10124 Six Mile Rd, Northville, MI 48168
FAQs
What type of property is this?
Warehouse - 4,000 SF office, three overhead doors, 10-acre gravel yard.
Where is this warehouse located?
The property is located at 7586 Chubb Road Northville, MI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 10 Acres all gravel; 4,000 SF Office; Three (3) overhead doors for easy access
