Industrial Building in Mount
For Sale
Contact for pricing
19430 Mount Elliott St, Detroit, MI 48234
14,000 SF industrial building for sale or lease.
Property Size14,000 SF
Lot Size1.40 Acres
Price / SF$90
Days on Market558
Property Features for 19430 Mount Elliott St
General Information
Standard status
Active
Size
14,000 SF
Class
B
Total Parking Spaces
30
Lot size
1.40 Acres
Property subtype
Office, Industrial
Zoning
M4 Industrial
Occupancy
100%
Lease Type
NNN
Investment Type
Owner/User
Building Details
Year Built
1950
Year Renovated
2011
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
P.A. Commercial Corporate & Investment Real Estate
(258) 358-5361
Listed By:
Kevin Bull · License #MI
Source:
Crexi
Added: Feb 10, 2025
Changed: Aug 14
Last Checked: Aug 21 at 7:35AM
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 P.A. Commercial Corporate & Investment Real Estate
Investment Insights
Based on property information with market context.
This impressive 14,000 SF industrial building is located in the heart of the Mount Elliott Development District. Situated on 1.4 acres, the property features easy access, two truck docks, and one grade-level overhead door. A hi-lo forklift is available. The property offers ample parking with at least 30 spaces in the front, and significant room for parking and outside storage in the back. The property is fully fenced and zoned M4 Industrial. The building includes LED lighting and ceiling heights ranging from 12 to 20 feet. It is equipped with three-phase power. The building is located on Detroit's east side near Mound Road and 7 Mile, inside the Mount Elliott Development District. It is adjacent to railways, the FCA Warren Stamping Plant, and the Warren Truck Plant, with quick access to M-53/Van Dyke Expressway and 8 Mile Road. The building has a current tenant who can vacate within a few months.
Key Highlights
- 14,000 SF industrial building in Mount Elliott Development District.
- Easy access on 1.4 acres with ample parking and outside storage.
- Zoned M4 Industrial with 2 truck docks and 1 grade‑level overhead door.
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
$68,092
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
5.40%
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%
$1,361,840
$1.4M
Cap Rate 7%
$972,743
$972.7K
Cap Rate 9%
$756,578
$756.6K
Market Conditions
NOI Build-Up for 14,000 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
$102.5K $7.32/SF
− Vacancy
−$5.2K −$0.37/SF
EGI
$97.3K $6.95/SF
− OpEx
−$29.2K −$2.08/SF
NOI
$68.1K $4.86/SF
Area
Detroit, MI
Vacancy
5.08%
Lease Rate
$7.32 /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%
$1,361,840
Cap Rate 7%
$972,743
Cap Rate 9%
$756,578
Alternative Uses
Best Use
Industrial
$972.7K
$851.2K – $1.13M
NOI $68,092 @ 7.0% cap · market cap 5.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.09M
$2.70M – $3.60M
NOI $216,192 @ 7.0% cap · market cap 17.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
270
Businesses Nearby
Explore this area
Business Placement
Demographics for 48234, MI
31,442
Population
15,688
Households
2
Avg Household Size
36
Median Age
11%
College-Educated
84%
High-School Grad
7.8 sq mi
ZIP Area
4,031
Density / Sq Mi
$36,473
Median Household Income
$31,587
Median Earnings
$965
Median Rent
$57,100
Median Home Value
Market
Vacancy Rate% for Industrial in Detroit, MI
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - 14,000 SF industrial building for sale or lease.
Where is this industrial property located?
The property is located at 19430 Mount Elliott St Detroit, MI.
What is the asking price?
The asking price for this property is $1,260,000.
What are key features of this property?
This property features: 14,000 SF industrial building in Mount Elliott Development District.; Easy access on 1.4 acres with ample parking and outside storage.; Zoned M4 Industrial with 2 truck docks and 1 grade‑level overhead door.
