Light Industrial Warehouse with
For Sale
Contact for pricing
14050 OAKLAND ST, Highland Park, MI 48203
Move-in ready warehouse with reinforced concrete mezzanine, high-capacity power, and dedicated office and security space.
Property Size16,289 SF
Lot Size1.10 Acres
Price / SF$110.50
Days on Market466
Property Features for 14050 OAKLAND ST
General Information
Standard status
Active
Size
16,289 SF
Lot size
1.10 Acres
Property subtype
Industrial
Zoning
Light industrial
Additional Details
Highway Access
Yes
Heavy Power
Yes
Building Details
Year Built
1953
Listing Agency:
EXP Realty Main
(248) 617-7777
Listed By:
Joseph Sesi · License #6506048975
Source:
Crexi
Added: May 3, 2025
Changed: Aug 8
Last Checked: Aug 9 at 2:16PM
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 Main
Investment Insights
Based on property information with market context.
This light industrial warehouse totals approximately 16,269 square feet, with 13,200 square feet on the main level and an additional 3,089 square feet reinforced concrete mezzanine designed to support high-load operations. The building includes a large warehouse area plus three offices, an IT room, and a security office. Electrical service is available with 2,000 amps of 480-volt, three-phase power. The property is fully vacant and move-in ready, with room for expansion or outdoor storage on the site.
The site spans just over 1.1 acres and is described as being just minutes from I-75 and the Davison Freeway. The surrounding area includes major industrial and distribution users such as Eastown Distributors, Great Lakes Wine & Spirits, Budco, Motor City Seafood Company, and Coca-Cola Vending.
With high-capacity 480-volt, three-phase power and a reinforced concrete mezzanine, this facility is positioned for manufacturing, distribution, or other operations that value strength and flexible space planning. The combination of warehouse depth and dedicated office, IT, and security space can support teams that need on-site administration alongside production or fulfillment activity. Zoning is identified as light industrial.
The site spans just over 1.1 acres and is described as being just minutes from I-75 and the Davison Freeway. The surrounding area includes major industrial and distribution users such as Eastown Distributors, Great Lakes Wine & Spirits, Budco, Motor City Seafood Company, and Coca-Cola Vending.
With high-capacity 480-volt, three-phase power and a reinforced concrete mezzanine, this facility is positioned for manufacturing, distribution, or other operations that value strength and flexible space planning. The combination of warehouse depth and dedicated office, IT, and security space can support teams that need on-site administration alongside production or fulfillment activity. Zoning is identified as light industrial.
Key Highlights
- Just over 1.1 acres with approx. 16,269 SF total space: 13,200 SF main level plus 3,089 SF reinforced concrete mezzanine
- Warehouse layout includes large warehouse area, three offices, an IT room, and a security office
- Equipped with 2,000 amps of 480‑volt, three‑phase power for high‑load operations
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
$102,400
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
5.69%
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%
$2,048,000
$2.0M
Cap Rate 7%
$1,462,857
$1.5M
Cap Rate 9%
$1,137,778
$1.1M
Market Conditions
NOI Build-Up for 16,289 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
$125.1K $7.68/SF
− Vacancy
−$4.6K −$0.28/SF
EGI
$120.5K $7.40/SF
− OpEx
−$18.1K −$1.11/SF
NOI
$102.4K $6.29/SF
Area
Wayne County, MI
Vacancy
3.70%
Lease Rate
$7.68 /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%
$2,048,000
Cap Rate 7%
$1,462,857
Cap Rate 9%
$1,137,778
Alternative Uses
Best Use
Warehouse
$1.46M
$1.28M – $1.71M
NOI $102,400 @ 7.0% cap · market cap 5.69%
Second Best
Industrial
$1.20M
$1.05M – $1.41M
NOI $84,330 @ 7.0% cap · market cap 4.69%
Theoretical Best
Specialty Retail
$3.02M
$2.64M – $3.52M
NOI $211,105 @ 7.0% cap · market cap 11.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
266
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48203, MI
22,168
Population
13,591
Households
1.6
Avg Household Size
39
Median Age
19%
College-Educated
85%
High-School Grad
8.2 sq mi
ZIP Area
2,703
Density / Sq Mi
$35,108
Median Household Income
$28,364
Median Earnings
$799
Median Rent
$76,100
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?
Warehouse - Move-in ready warehouse with reinforced concrete mezzanine, high-capacity power, and dedicated office and security space.
Where is this warehouse located?
The property is located at 14050 OAKLAND ST Highland Park, MI.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Just over 1.1 acres with approx. 16,269 SF total space: 13,200 SF main level plus 3,089 SF reinforced concrete mezzanine; Warehouse layout includes large warehouse area, three offices, an IT room, and a security office; Equipped with 2,000 amps of 480‑volt, three‑phase power for high‑load operations
