Manufacturing Building with Overhead
For Sale
$599,000
Pending
20720 TUCK Rd, Farmington Hills, MI 48336
Manufacturing building with multiple overhead crane capacities and a secure fenced yard for storage and operations.
Property Size7,520 SF
Days on Market16
Property Features for 20720 TUCK Rd
General Information
Standard status
Pending
Size
7,520 SF
Property subtype
Commercial
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Taxes and HOA fees
Annual Taxes
$15,902
Building Details
Building Size
7,520 SF
Year Built
1960
Listing Agency:
My Realty LLC
(248) 303-2194
Listed By:
Salam Asmar
(248) 303-2194
Source:
Elliman
Added: Jul 28
Changed: Aug 10
Last Checked: Aug 11 at 8:05AM
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 My Realty LLC
Investment Insights
Based on property information with market context.
This manufacturing building offers over 7,500 sq. ft. of versatile industrial space and is equipped with multiple overhead cranes ranging from 35-ton to 5-ton capacity. The property also includes a secure, fenced yard in front, supporting practical outdoor storage and day-to-day operational needs.
Built in 1960, the facility is positioned to support a range of industrial uses that benefit from crane capacity and controlled yard space. A land contract is available for qualified terms.
For users seeking a functional manufacturing layout with overhead lifting capability and fenced yard area, this property provides a straightforward combination of indoor work space and secure outdoor utility.
Built in 1960, the facility is positioned to support a range of industrial uses that benefit from crane capacity and controlled yard space. A land contract is available for qualified terms.
For users seeking a functional manufacturing layout with overhead lifting capability and fenced yard area, this property provides a straightforward combination of indoor work space and secure outdoor utility.
Key Highlights
- Over 7,500 sq. ft. manufacturing/industrial building
- Multiple overhead cranes with capacities from 35‑ton to 5‑ton
- Secure, fenced yard in front for storage and functionality
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
$37,259
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
6.22%
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%
$745,180
$745.2K
Cap Rate 7%
$532,271
$532.3K
Cap Rate 9%
$413,989
$414.0K
Market Conditions
NOI Build-Up for 7,520 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
$55.3K $7.35/SF
− Vacancy
−$2.0K −$0.27/SF
EGI
$53.2K $7.08/SF
− OpEx
−$16.0K −$2.12/SF
NOI
$37.3K $4.95/SF
Area
Oakland County, MI
Vacancy
3.70%
Lease Rate
$7.35 /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%
$745,180
Cap Rate 7%
$532,271
Cap Rate 9%
$413,989
Alternative Uses
Best Use
Industrial
$532.3K
$465.7K – $621.0K
NOI $37,259 @ 7.0% cap · market cap 6.22%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.62M
$1.42M – $1.89M
NOI $113,540 @ 7.0% cap · market cap 18.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
570
Businesses Nearby
Explore this area
Business Placement
Demographics for 48336, MI
26,802
Population
12,296
Households
2.2
Avg Household Size
42
Median Age
44%
College-Educated
92%
High-School Grad
9.3 sq mi
ZIP Area
2,882
Density / Sq Mi
$85,325
Median Household Income
$54,077
Median Earnings
$1,141
Median Rent
$247,600
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 - Manufacturing building with multiple overhead crane capacities and a secure fenced yard for storage and operations.
Where is this manufacturing property located?
The property is located at 20720 TUCK Rd Farmington Hills, MI.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Over 7,500 sq. ft. manufacturing/industrial building; Multiple overhead cranes with capacities from 35‑ton to 5‑ton; Secure, fenced yard in front for storage and functionality
