Industrial Manufacturing and Storage
For Sale
Contact for pricing
1559 N LAPEER RD, Oxford, MI 48371
Two-building industrial site with fenced outdoor storage and convenient access from M24 for manufacturing, retail, and storage uses.
Property Size6,455 SF
Price / SF$193.65
Days on Market482
Property Features for 1559 N LAPEER RD
General Information
Standard status
Active
Size
6,455 SF
Property subtype
Retail, Industrial
Net Operating Income
$54,000
Additional Details
Business Included
Yes
Fenced Yard
Yes
Building Details
Year Built
1989
Tenancy
Single
Listing Agency:
Millennium Realty, LLC
(248) 394-0464
Listed By:
Amie Leszczynski · License #6501139656
Source:
Crexi
Added: Apr 15, 2025
Changed: Aug 8
Last Checked: Aug 5 at 9:50AM
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 Millennium Realty, LLC
Investment Insights
Based on property information with market context.
This offering consists of two buildings on one site, totaling 6,455 square feet. The property includes 5,216 square feet of manufacturing/retail space and an additional 1,239 square feet in a second building configured for storage. The site also provides a large fenced-in area suitable for outdoor storage and a parking lot to support customer and employee access.
The property is located along the M24 corridor, with visibility on M24. It sits approximately 2.5 miles north of the Village of Oxford, offering a straightforward drive-in setup for day-to-day operations and deliveries.
The tenant-occupied configuration on a long-term lease may appeal to buyers seeking an existing operating arrangement that combines flexible indoor space for manufacturing/retail with separate storage space. The outdoor fenced area and on-site parking further support businesses that need room for materials, equipment, or overflow storage tied to an industrial retail/manufacturing use.
The property is located along the M24 corridor, with visibility on M24. It sits approximately 2.5 miles north of the Village of Oxford, offering a straightforward drive-in setup for day-to-day operations and deliveries.
The tenant-occupied configuration on a long-term lease may appeal to buyers seeking an existing operating arrangement that combines flexible indoor space for manufacturing/retail with separate storage space. The outdoor fenced area and on-site parking further support businesses that need room for materials, equipment, or overflow storage tied to an industrial retail/manufacturing use.
Key Highlights
- Two‑building industrial site with 6,455 total SF: 5,216 SF manufacturing/retail plus 1,239 SF storage
- Large fenced outdoor storage area on‑site
- Large parking lot included
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
$69,458
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
5.56%
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%
$1,389,160
$1.4M
Cap Rate 7%
$992,257
$992.3K
Cap Rate 9%
$771,756
$771.8K
Market Conditions
NOI Build-Up for 6,455 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
$108.4K $16.80/SF
− Vacancy
−$9.2K −$1.43/SF
EGI
$99.2K $15.37/SF
− OpEx
−$29.8K −$4.61/SF
NOI
$69.5K $10.76/SF
Area
Oakland County, MI
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
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%
$1,389,160
Cap Rate 7%
$992,257
Cap Rate 9%
$771,756
Alternative Uses
Best Use
Retail
$992.3K
$868.2K – $1.16M
NOI $69,458 @ 7.0% cap · market cap 5.56%
Second Best
Warehouse
$554.8K
$485.4K – $647.3K
NOI $38,835 @ 7.0% cap · market cap 3.11%
Theoretical Best
Specialty Retail
$1.39M
$1.22M – $1.62M
NOI $97,460 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
452
Businesses Nearby
Explore this area
Business Placement
Demographics for 48371, MI
25,272
Population
9,928
Households
2.5
Avg Household Size
41
Median Age
42%
College-Educated
96%
High-School Grad
46.2 sq mi
ZIP Area
547
Density / Sq Mi
$108,983
Median Household Income
$52,606
Median Earnings
$1,244
Median Rent
$352,500
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?
Manufacturing property - Two-building industrial site with fenced outdoor storage and convenient access from M24 for manufacturing, retail, and storage uses.
Where is this manufacturing property located?
The property is located at 1559 N LAPEER RD Oxford, MI.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Two‑building industrial site with 6,455 total SF: 5,216 SF manufacturing/retail plus 1,239 SF storage; Large fenced outdoor storage area on‑site; Large parking lot included
