Manufacturing Building With Overhead
For Sale
$699,000
20720 Tuck Rd, Farmington Hills, MI 48336
Versatile industrial facility with multiple lifting cranes and a secured outdoor storage area.
Property Size7,500 SF
Price / SF$92.95
Days on Market97
Property Features for 20720 Tuck Rd
General Information
Standard status
Active
Size
7,500 SF
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Taxes and HOA fees
Annual Taxes
$15,902
Building Details
Building Size
7,500 SF
Listing Agency:
My Realty LLC
(248) 303-2194
Listed By:
Salam Asmar
(248) 303-2194
Source:
Exprealty
Added: May 12
Changed: Aug 16
Last Checked: Aug 16 at 2:04AM
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 facility contains 7,520 square feet of industrial space configured for versatile operations. Multiple overhead cranes provide lifting capacities ranging from 5 tons to 35 tons, supporting material handling within the building. A fenced yard positioned at the front of the property adds secured outdoor storage and functional work area.
The property is located at 20720 Tuck Rd in Farmington Hills, Michigan. Its combination of indoor manufacturing space, overhead lifting equipment, and enclosed yard area supports a range of industrial requirements.
The property is located at 20720 Tuck Rd in Farmington Hills, Michigan. Its combination of indoor manufacturing space, overhead lifting equipment, and enclosed yard area supports a range of industrial requirements.
Key Highlights
- 7,520‑square‑foot manufacturing facility
- Multiple overhead cranes with capacities from 5 tons to 35 tons
- Fenced front yard provides secured outdoor storage
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
5.33%
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
Flex RnD
$1.11M
$972.2K – $1.30M
NOI $77,778 @ 7.0% cap · market cap 11.13%
Second Best
Industrial
$532.3K
$465.7K – $621.0K
NOI $37,259 @ 7.0% cap · market cap 5.33%
Theoretical Best
Specialty Retail
$1.62M
$1.42M – $1.89M
NOI $113,540 @ 7.0% cap · market cap 16.24%
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 - Versatile industrial facility with multiple lifting cranes and a secured outdoor storage area.
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 $699,000.
What are key features of this property?
This property features: 7,520‑square‑foot manufacturing facility; Multiple overhead cranes with capacities from 5 tons to 35 tons; Fenced front yard provides secured outdoor storage
