Warehouse
For Sale
Contact for pricing
12642 Richfield Court, Livonia, MI 48150
Warehouse asset located in Livonia, Michigan.
Property Size42,121 SF
Price / SF$85.47
Days on Market90
Property Features for 12642 Richfield Court
General Information
Standard status
Active
Size
42,121 SF
Property subtype
Industrial
Lease Type
Gross
Building Details
Tenancy
Single
Listing Agency:
Signature Associates
Listed By:
Jack Townsend · License #MI
(248) 408-0077
Source:
Crexi
Added: Aug 1
Changed: Oct 25
Last Checked: Oct 28 at 6:20AM
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 Signature Associates
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Investment Insights
Based on property information with market context.
This warehouse property is located at 12642 Richfield Court in Livonia, Michigan. The address is within ZIP code 48150-1062.
Key Highlights
- 12642 Richfield Court, Livonia, MI 48150‑1062
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$264,792
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,295,840
$5.3M
Cap Rate 7%
$3,782,743
$3.8M
Cap Rate 9%
$2,942,133
$2.9M
Market Conditions
NOI Build-Up for 42,121 SF
Gross rent
$323.5K $7.68/SF
− Vacancy
−$12.0K −$0.28/SF
EGI
$311.5K $7.40/SF
− OpEx
−$46.7K −$1.11/SF
NOI
$264.8K $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 Rate 5%
$5,295,840
Cap Rate 7%
$3,782,743
Cap Rate 9%
$2,942,133
Alternative Uses
Best Use
Warehouse
$3.78M
$3.31M – $4.41M
NOI $264,792 @ 7.0% cap · market cap 7.36%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.80M
$6.82M – $9.10M
NOI $545,888 @ 7.0% cap · market cap 15.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
537
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48150, MI
26,573
Population
10,724
Households
2.5
Avg Household Size
42
Median Age
36%
College-Educated
96%
High-School Grad
12.1 sq mi
ZIP Area
2,196
Density / Sq Mi
$94,058
Median Household Income
$50,779
Median Earnings
$1,328
Median Rent
$228,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Iron Mountain — 38300 Plymouth Rd, Livonia, MI 48150
- 360 Services International — 12623 Newburgh Rd, Livonia, MI 48150, United States
- Public Storage — 12900 Newburgh Rd, Livonia, MI 48150
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse asset located in Livonia, Michigan.
Where is this warehouse located?
The property is located at 12642 Richfield Court Livonia, MI.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: 12642 Richfield Court, Livonia, MI 48150‑1062
