Manufacturing Facility with Heavy
For Sale
Contact for pricing
12440 DELTA ST, Taylor, MI 48180
Industrial facility combines extensive production space, dedicated offices, loading infrastructure, and I-1 zoning.
Property Size28,000 SF
Lot Size1.64 Acres
Price / SF$104.94
Days on Market9
Property Features for 12440 DELTA ST
General Information
Standard status
Active
Size
28,000 SF
Total Parking Spaces
30
Lot size
1.64 Acres
Property subtype
Industrial
Zoning
I-1
Investment Type
Owner/User
Warehouse & Industrial
Clear Height
18 ft
Warehouse Space
25,000 SF
Office Build-Out
3,000 SF
Dock-High Doors
2
Drive-In Doors
1
Power
1,000 amps
Voltage
480 V
Three-Phase Power
Yes
Heavy Power
Yes
Amenities
employee shower facilities
Building Details
Year Built
1989
Year Renovated
2022
Buildings
1
Stories
1
Units
1
Building Size
28,000 SF
Listing Agency:
Exp Realty
Listed By:
MARK Z · License #MI 369338
Source:
Crexi
Added: Aug 1
Changed: Aug 4
Last Checked: Aug 9 at 10:05AM
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 Exp Realty
Investment Insights
Based on property information with market context.
This manufacturing facility, constructed in 1989, combines approximately 25,000 square feet of warehouse area with 3,000 square feet of office space. The building has an approximately 90% warehouse-to-10% office configuration, an 18-foot clear height, and a second-floor mezzanine. Production-oriented improvements include 1,000-amp, 480-volt, three-phase electrical service, bus duct distribution, exhaust fans, high-pressure natural gas service, and gas heat. Loading capacity includes two truckwells/loading docks and one grade-level overhead door measuring approximately 14 feet. Employee shower facilities and a newer roof are also included.
The property occupies approximately 1.64 acres within Metro Industrial Park in Wayne County, west of Telegraph Road and north of Northline Road. It is zoned I-1 Industrial and provides approximately 30 surface parking spaces. The combination of warehouse volume, office accommodations, utility capacity, and loading infrastructure supports manufacturing, assembly, warehousing, distribution, and corporate industrial operations.
The property occupies approximately 1.64 acres within Metro Industrial Park in Wayne County, west of Telegraph Road and north of Northline Road. It is zoned I-1 Industrial and provides approximately 30 surface parking spaces. The combination of warehouse volume, office accommodations, utility capacity, and loading infrastructure supports manufacturing, assembly, warehousing, distribution, and corporate industrial operations.
Key Highlights
- Approximately 25,000 square feet of warehouse space and 3,000 square feet of office space
- 1,000‑amp, 480‑volt, three‑phase electrical service with bus duct distribution
- 18‑foot clear height with two truckwells/loading docks
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
$180,378
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
6.01%
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%
$3,607,560
$3.6M
Cap Rate 7%
$2,576,829
$2.6M
Cap Rate 9%
$2,004,200
$2.0M
Market Conditions
NOI Build-Up for 28,588 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
$288.2K $10.08/SF
− Vacancy
−$10.7K −$0.37/SF
EGI
$277.5K $9.71/SF
− OpEx
−$97.1K −$3.40/SF
NOI
$180.4K $6.31/SF
Area
Wayne County, MI
Vacancy
3.70%
Lease Rate
$10.08 /SF/Yr
Expense Ratio
35.00%
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%
$3,607,560
Cap Rate 7%
$2,576,829
Cap Rate 9%
$2,004,200
Alternative Uses
Best Use
Flex RnD
$2.58M
$2.25M – $3.01M
NOI $180,378 @ 7.0% cap · market cap 6.01%
Second Best
Warehouse
$2.57M
$2.25M – $3.00M
NOI $179,717 @ 7.0% cap · market cap 5.99%
Theoretical Best
Specialty Retail
$5.29M
$4.63M – $6.18M
NOI $370,500 @ 7.0% cap · market cap 12.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
18 ft
Clear height
2
Dock-high doors
1
Drive-in doors
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
343
Businesses Nearby
Explore this area
Business Placement
Demographics for 48180, MI
63,409
Population
26,741
Households
2.4
Avg Household Size
39
Median Age
16%
College-Educated
87%
High-School Grad
23.6 sq mi
ZIP Area
2,687
Density / Sq Mi
$59,537
Median Household Income
$40,090
Median Earnings
$1,036
Median Rent
$141,200
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial facility combines extensive production space, dedicated offices, loading infrastructure, and I-1 zoning.
Where is this manufacturing property located?
The property is located at 12440 DELTA ST Taylor, MI.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Approximately 25,000 square feet of warehouse space and 3,000 square feet of office space; 1,000‑amp, 480‑volt, three‑phase electrical service with bus duct distribution; 18‑foot clear height with two truckwells/loading docks
