16525 Ridge Road, Northville Township, MI 48168

Listing Agency: RH Commercial Realty

Listed By: Nate Hughes · License MI #6501433129 Show Phone

Source: Crexi

Added: Sep 29 Changed: Nov 8 Last Checked: Nov 8 at 3:15PM

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 5,150-square-foot warehouse includes freshly painted office space and ceiling clearance exceeding 14 feet. Multiple grade-level doors support drive-through functionality, while the property also offers drive-around access and yard and parking areas.

The facility is minutes from the M-14 interchange at Beck Road.

Key Highlights

• 5,150 SF warehouse with freshly painted office space
• 14'+ clearance
• Multiple grade‑level doors with drive‑through capability

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$32,375

Cap Rate

6.17%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$647,500 $647.5K

Cap Rate 7%

$462,500 $462.5K

Cap Rate 9%

$359,722 $359.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,150 SF

Gross rent

$39.6K $7.68/SF

− Vacancy

−$1.5K −$0.28/SF

EGI

$38.1K $7.40/SF

− OpEx

−$5.7K −$1.11/SF

NOI

$32.4K $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%

$647,500

Cap Rate 7%

$462,500

Cap Rate 9%

$359,722

Alternative Uses

Best Use

Warehouse

$462.5K

$404.7K – $539.6K (±1% cap)

NOI $32,375 @ 7.0% cap · market cap 6.17%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$953.5K

$834.3K – $1.11M (±1% cap)

NOI $66,744 @ 7.0% cap · market cap 12.71%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Arbor Cut Tree ... Landscaping

Suggested Use

Top Pick Law Firm Restaurant Hair Salon Dental Office Auto Repair Shop Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

103

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 48168, MI

24,517

Population

9,277

Households

2.6

Avg Household Size

45

Median Age

72%

College-Educated

98%

High-School Grad

19.6 sq mi

ZIP Area

1,251

Density / Sq Mi

$173,671

Median Household Income

$92,463

Median Earnings

$2,248

Median Rent

$546,300

Median Home Value

Market

Average Price Trend$/SF for Warehouses in Wayne County, MI

$80.21 Jul

$94.59 Aug

$84.12 Sep

$85.19 Oct

Properties on Market for Warehouses in Wayne County

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Frequently Asked Questions

What type of property is this?

Warehouse - The facility combines office space, grade-level loading, and outdoor areas for vehicle circulation and parking.

Where is this warehouse located?

The property is located at 16525 Ridge Road Northville Township, MI.

What is the asking price?

The asking price for this property is $525,000.

What are key features of this property?

This property features: 5,150 SF warehouse with freshly painted office space; 14'+ clearance; Multiple grade‑level doors with drive‑through capability