Fully Air-Conditioned Light Industrial
For Sale
Contact for pricing
1655 W Hamlin Rd, Rochester Hills, MI 48309
Light industrial building totaling 30,000 SF and fully air-conditioned, positioned in a high-occupancy market.
Property Size30,000 SF
Price / SF$113.17
Days on Market530
Property Features for 1655 W Hamlin Rd
General Information
Standard status
Active
Size
30,000 SF
Property subtype
INDUSTRIAL
Amenities
fully air-conditioned
Listing Agency:
Hayman Company
(248) 879-7777
Listed By:
Lawrence Randazzo · License #6502355529
Source:
Moodyscre
Added: Apr 2, 2025
Changed: Aug 13
Last Checked: Sep 13 at 10:33AM
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 Hayman Company
Investment Insights
Based on property information with market context.
This 30,000 SF light industrial building is fully air-conditioned, providing a controlled indoor environment for a range of industrial uses. The property is offered for sale.
The building is located in a high-occupancy market, supporting demand for industrial space in the area.
With its light industrial configuration and complete HVAC coverage, the space is suited for tenants seeking dependable climate control within a dedicated industrial facility.
The building is located in a high-occupancy market, supporting demand for industrial space in the area.
With its light industrial configuration and complete HVAC coverage, the space is suited for tenants seeking dependable climate control within a dedicated industrial facility.
Key Highlights
- 30,000 SF light industrial building
- Fully air‑conditioned
- Located in a high‑occupancy market
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
$180,490
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
5.32%
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%
$3,609,800
$3.6M
Cap Rate 7%
$2,578,429
$2.6M
Cap Rate 9%
$2,005,444
$2.0M
Market Conditions
NOI Build-Up for 30,000 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
$220.5K $7.35/SF
− Vacancy
−$8.2K −$0.27/SF
EGI
$212.3K $7.08/SF
− OpEx
−$31.9K −$1.06/SF
NOI
$180.5K $6.02/SF
Area
Oakland County, MI
Vacancy
3.70%
Lease Rate
$7.35 /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%
$3,609,800
Cap Rate 7%
$2,578,429
Cap Rate 9%
$2,005,444
Alternative Uses
Best Use
Warehouse
$2.58M
$2.26M – $3.01M
NOI $180,490 @ 7.0% cap · market cap 5.32%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.47M
$5.66M – $7.55M
NOI $452,952 @ 7.0% cap · market cap 13.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
629
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48309, MI
31,541
Population
11,635
Households
2.7
Avg Household Size
41
Median Age
63%
College-Educated
97%
High-School Grad
15.6 sq mi
ZIP Area
2,022
Density / Sq Mi
$117,788
Median Household Income
$60,689
Median Earnings
$1,625
Median Rent
$394,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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- CubeSmart Self Storage — 1790 S Livernois Rd, Rochester Hills, MI 48307
Frequently Asked Questions
What type of property is this?
Warehouse - Light industrial building totaling 30,000 SF and fully air-conditioned, positioned in a high-occupancy market.
Where is this warehouse located?
The property is located at 1655 W Hamlin Rd Rochester Hills, MI.
What is the asking price?
The asking price for this property is $3,395,000.
What are key features of this property?
This property features: 30,000 SF light industrial building; Fully air‑conditioned; Located in a high‑occupancy market
