Manufacturing Building with 480
For Sale
$899,999
20901 Lahser Rd # 1, Southfield, MI 48033
I-L-zoned industrial space with clear heights and new HVAC supports manufacturing operations.
Property Size14,860 SF
Days on Market73
Property Features for 20901 Lahser Rd # 1
General Information
Standard status
Active
Size
14,860 SF
Property subtype
Industrial
Zoning
I-L
Warehouse & Industrial
Clear Height
23 ft
Power
480 amps
Building Details
Building Size
14,860 SF
Year Built
2000
Listing Agency:
Altitude Commercial Real Estate
Listed By:
Marcus Sheker · License #6501447435
(248) 535-9495
Source:
Altitudecre
Added: Jun 25
Changed: Aug 29
Last Checked: Sep 5 at 5:34AM
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 Altitude Commercial Real Estate
Investment Insights
Based on property information with market context.
This 14,860 SF manufacturing building provides an industrial configuration with 23ft/20ft clear ceiling heights and 15 tons of brand-new HVAC. The property includes 480 Amps of electrical service and was built in 2000, supporting a range of manufacturing and industrial operations.
The building is situated within a well-maintained central business park in Southfield, with neighboring businesses located throughout the park. I-L zoning further identifies the property for industrial use. The combination of building scale, ceiling clearance, HVAC capacity, and electrical service creates a functional setting for an owner-user or industrial occupant.
The building is situated within a well-maintained central business park in Southfield, with neighboring businesses located throughout the park. I-L zoning further identifies the property for industrial use. The combination of building scale, ceiling clearance, HVAC capacity, and electrical service creates a functional setting for an owner-user or industrial occupant.
Key Highlights
- 14,860 SF manufacturing building
- 23ft/20ft clear ceiling heights
- 15 tons of brand‑new HVAC installed
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
$73,626
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
8.18%
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%
$1,472,520
$1.5M
Cap Rate 7%
$1,051,800
$1.1M
Cap Rate 9%
$818,067
$818.1K
Market Conditions
NOI Build-Up for 14,860 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
$109.2K $7.35/SF
− Vacancy
−$4.0K −$0.27/SF
EGI
$105.2K $7.08/SF
− OpEx
−$31.6K −$2.12/SF
NOI
$73.6K $4.95/SF
Area
Oakland County, MI
Vacancy
3.70%
Lease Rate
$7.35 /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%
$1,472,520
Cap Rate 7%
$1,051,800
Cap Rate 9%
$818,067
Alternative Uses
Best Use
Industrial
$1.05M
$920.3K – $1.23M
NOI $73,626 @ 7.0% cap · market cap 8.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.21M
$2.80M – $3.74M
NOI $224,362 @ 7.0% cap · market cap 24.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
23 ft
Clear height
Location Intelligence
Trade Area within ½ mile
350
Businesses Nearby
Explore this area
Business Placement
Demographics for 48033, MI
17,207
Population
9,198
Households
1.9
Avg Household Size
47
Median Age
33%
College-Educated
93%
High-School Grad
9.1 sq mi
ZIP Area
1,891
Density / Sq Mi
$55,599
Median Household Income
$45,192
Median Earnings
$1,242
Median Rent
$195,100
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Manufacturing property - I-L-zoned industrial space with clear heights and new HVAC supports manufacturing operations.
Where is this manufacturing property located?
The property is located at 20901 Lahser Rd # 1 Southfield, MI.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: 14,860 SF manufacturing building; 23ft/20ft clear ceiling heights; 15 tons of brand‑new HVAC installed
