Light Manufacturing
New
For Sale
$1,400,000
7300 Danielle Dr, Almont, MI 48003
Owner-user industrial facility with shop and office areas, heavy power, grade-level access, and supporting outbuildings.
Property Size10,400 SF
Lot Size7.23 Acres
Price / SF$134.62
Days on Market2
Property Features for 7300 Danielle Dr
General Information
Standard status
Active
Size
10,400 SF
Total Parking Spaces
21
Lot size
7.23 Acres
Property subtype
Commercial
Warehouse & Industrial
Clear Height
16 ft
Warehouse Space
8,050 SF
Office Build-Out
2,330 SF
Drive-In Doors
2
Power
480 amps
Three-Phase Power
Yes
Cold Storage
No
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$7,982
Building Details
Building Size
10,400 SF
Year Built
1991
Year Renovated
2015
Construction
pole-frame
Listed By:
Colleen Lannoo
(313) 820-9000
Source:
Elliman
Added: Sep 19
Last Checked: Sep 19 at 2:53PM
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 Colleen Lannoo
Investment Insights
Based on property information with market context.
This 10,400 SF light manufacturing facility combines approximately 8,050 SF of shop space with 2,330 SF of offices on a 7.23-acre property. The 1.5-story building was constructed in 1991 and renovated in 2015. Features include 16-foot ceilings, two grade-level doors measuring 12 feet and 14 feet, 480 AMP/3-phase power, natural gas, LED lighting, foam spray insulation in the primary shop, and air lines throughout the shop. Office areas use forced-air heating and cooling, while the shop is heated by gas radiant units with an attic fan.
The building includes five offices, a kitchen, an employee room, one shop office, and four bathrooms consisting of one full and three half baths. Additional improvements include a 20-foot by 20-foot metal shed, a shipping container, and approximately 21 parking spaces. The property includes approximately 2.40 acres of usable industrial land and 4.83 acres of wetlands. It is located near I-69, includes three parcels, offers immediate occupancy, and is being sold as-is.
The building includes five offices, a kitchen, an employee room, one shop office, and four bathrooms consisting of one full and three half baths. Additional improvements include a 20-foot by 20-foot metal shed, a shipping container, and approximately 21 parking spaces. The property includes approximately 2.40 acres of usable industrial land and 4.83 acres of wetlands. It is located near I-69, includes three parcels, offers immediate occupancy, and is being sold as-is.
Key Highlights
- 10,400 SF facility on 7.23 acres, including approximately 2.40 acres of usable industrial land
- Approximately 8,050 SF of shop space and 2,330 SF of office space
- 16’ ceilings with two grade‑level doors measuring 12’ and 14’
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
$71,524
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
5.11%
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%
$1,430,480
$1.4M
Cap Rate 7%
$1,021,771
$1.0M
Cap Rate 9%
$794,711
$794.7K
Market Conditions
NOI Build-Up for 10,400 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
$93.6K $9.00/SF
− Vacancy
−$9.5K −$0.91/SF
EGI
$84.1K $8.09/SF
− OpEx
−$12.6K −$1.21/SF
NOI
$71.5K $6.88/SF
Area
Lapeer County, MI
Vacancy
10.10%
Lease Rate
$9.00 /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%
$1,430,480
Cap Rate 7%
$1,021,771
Cap Rate 9%
$794,711
Alternative Uses
Best Use
Warehouse
$1.02M
$894.1K – $1.19M
NOI $71,524 @ 7.0% cap · market cap 5.11%
Second Best
Industrial
$841.5K
$736.3K – $981.7K
NOI $58,902 @ 7.0% cap · market cap 4.21%
Theoretical Best
Healthcare Medical
$1.70M
$1.49M – $1.99M
NOI $119,216 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
16 ft
Clear height
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
57
Businesses Nearby
Explore this area
Business Placement
Demographics for 48003, MI
6,506
Population
2,469
Households
2.6
Avg Household Size
42
Median Age
23%
College-Educated
95%
High-School Grad
33.2 sq mi
ZIP Area
196
Density / Sq Mi
$88,533
Median Household Income
$46,308
Median Earnings
$925
Median Rent
$275,200
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Owner-user industrial facility with shop and office areas, heavy power, grade-level access, and supporting outbuildings.
Where is this manufacturing property located?
The property is located at 7300 Danielle Dr Almont, MI.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 10,400 SF facility on 7.23 acres, including approximately 2.40 acres of usable industrial land; Approximately 8,050 SF of shop space and 2,330 SF of office space; 16’ ceilings with two grade‑level doors measuring 12’ and 14’
