Rochester Hills Industrial
For Sale
Contact for pricing
1900 Northfield Drive, Rochester Hills, MI 48309
34,166 SF industrial building in Rochester Hills for sale.
Property Size34,166 SF
Price / SF$133.17
Days on Market83
Property Features for 1900 Northfield Drive
General Information
Standard status
Active
Size
34,166 SF
Total Parking Spaces
75
Property subtype
Industrial
Investment Type
Owner/User
Building Details
Tenancy
Single
Listing Agency:
Colliers - Royal Oak/Detroit, Michigan
(810) 623-8013
Listed By:
Gary Grochowski · License #MI
Source:
Crexi
Added: May 21
Changed: Aug 8
Last Checked: Aug 10 at 9:15AM
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 Colliers - Royal Oak/Detroit, Michigan
Investment Insights
Based on property information with market context.
This 34,166 square foot industrial building is available for sale or lease. It is located in the Rochester Hills TAN Industrial Park. The property is suited for distribution and light manufacturing. The building has been recently upgraded and offers convenient access to M-59 and I-75.
Key Highlights
- 34,166SF Industrial Building perfect for your business needs.
- Located in the Highly Desired Rochester Hills TAN Industrial Park
- Ideal for Distribution and Light Manufacturing Users
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
$205,554
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
4.52%
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%
$4,111,080
$4.1M
Cap Rate 7%
$2,936,486
$2.9M
Cap Rate 9%
$2,283,933
$2.3M
Market Conditions
NOI Build-Up for 34,166 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
$251.1K $7.35/SF
− Vacancy
−$9.3K −$0.27/SF
EGI
$241.8K $7.08/SF
− OpEx
−$36.3K −$1.06/SF
NOI
$205.6K $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%
$4,111,080
Cap Rate 7%
$2,936,486
Cap Rate 9%
$2,283,933
Alternative Uses
Best Use
Warehouse
$2.94M
$2.57M – $3.43M
NOI $205,554 @ 7.0% cap · market cap 4.52%
Second Best
Industrial
$2.42M
$2.12M – $2.82M
NOI $169,280 @ 7.0% cap · market cap 3.72%
Theoretical Best
Specialty Retail
$7.37M
$6.45M – $8.60M
NOI $515,852 @ 7.0% cap · market cap 11.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
514
Businesses Nearby
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
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 - 34,166 SF industrial building in Rochester Hills for sale.
Where is this manufacturing property located?
The property is located at 1900 Northfield Drive Rochester Hills, MI.
What is the asking price?
The asking price for this property is $4,550,000.
What are key features of this property?
This property features: 34,166SF Industrial Building perfect for your business needs.; Located in the Highly Desired Rochester Hills TAN Industrial Park; Ideal for Distribution and Light Manufacturing Users
