Highland Park Industrial Property For
For Sale
$1,800,000
14050 OAKLAND St, Highland Park, MI 48203
16,269 SQFT industrial property, ideal for manufacturing and distribution.
Property Size16,289 SF
Lot Size1.10 Acres
Price / SF$110.64
Days on Market151
Property Features for 14050 OAKLAND St
General Information
Standard status
Active
Size
16,289 SF
Lot size
1.10 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$12,281
Building Details
Building Size
16,289 SF
Year Built
1953
Listing Agency:
eXp Realty
(248) 617-7777
Listed By:
Joseph Sesi · License #6506048975
(248) 617-7777
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 4:58AM
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
Investment Insights
Based on property information with market context.
This industrial property, situated on just over 1.1 acres, features approximately 16,269 square feet of total space. The main level encompasses 13,200 square feet, complemented by a 3,089 square foot reinforced concrete mezzanine that offers enhanced structural integrity. The layout includes a large warehouse area, three offices, an IT room, and a security office. The property is equipped with 2,000 amps of 480-volt, three-phase power, making it suitable for manufacturing, distribution, and other high-load operations. Zoned for light industrial use, the site offers room for expansion or outdoor storage. The property is strategically located minutes from I-75 and the Davison Freeway, near Eastown Distributors, Great Lakes Wine & Spirits, Budco, Motor City Seafood Company, and Coca-Cola Vending. The property is fully vacant and move-in ready.
Key Highlights
- High Power Capacity: Boasting 2,000 amps of 480‑volt, three‑phase power, perfect for demanding operations.
- Strategic Location: Located minutes from I‑75 and Davison Freeway, providing easy access to major distributors.
- Substantial Space: Features 16,269 SQFT total space, including a 13,200 SQFT warehouse and 3,089 SQFT mezzanine.
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
$102,274
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
5.68%
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%
$2,045,480
$2.0M
Cap Rate 7%
$1,461,057
$1.5M
Cap Rate 9%
$1,136,378
$1.1M
Market Conditions
NOI Build-Up for 16,269 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
$124.9K $7.68/SF
− Vacancy
−$4.6K −$0.28/SF
EGI
$120.3K $7.40/SF
− OpEx
−$18.0K −$1.11/SF
NOI
$102.3K $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%
$2,045,480
Cap Rate 7%
$1,461,057
Cap Rate 9%
$1,136,378
Alternative Uses
Best Use
Warehouse
$1.46M
$1.28M – $1.70M
NOI $102,274 @ 7.0% cap · market cap 5.68%
Second Best
Industrial
$1.20M
$1.05M – $1.40M
NOI $84,226 @ 7.0% cap · market cap 4.68%
Theoretical Best
Specialty Retail
$3.01M
$2.64M – $3.51M
NOI $210,846 @ 7.0% cap · market cap 11.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
266
Businesses Nearby
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 Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - 16,269 SQFT industrial property, ideal for manufacturing and distribution.
Where is this manufacturing property 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: High Power Capacity: Boasting **2,000 amps of 480‑volt, three‑phase power**, perfect for demanding operations.; Strategic Location: Located minutes from I‑75 and Davison Freeway, providing easy access to major distributors.; Substantial Space: Features 16,269 SQFT total space, including a **13,200 SQFT warehouse** and 3,089 SQFT mezzanine.
