Warehouse with Two-Story
For Sale
Contact for pricing
2110 Executive Hills Ct, Auburn Hills, MI 48326
Warehouse facility includes a two-story office and 24’ clear height with grade level loading doors.
Property Size80,416 SF
Price / SF$147.98
Days on Market200
Property Features for 2110 Executive Hills Ct
General Information
Standard status
Active
Size
80,416 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
24 ft
Dock-High Doors
1
Drive-In Doors
3
Heavy Power
Yes
Additional Details
Highway Access
Yes
Listing Agency:
Newmark Knight Frank Detroit
(248) 350-9500
Listed By:
Tom Oldham
(248) 357-6595
Source:
Moodyscre
Added: Feb 25
Changed: Sep 4
Last Checked: Sep 13 at 10:56AM
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 Newmark Knight Frank Detroit
Investment Insights
Based on property information with market context.
An 80,416 SF warehouse and flex facility with an integrated 27,210 SF two-story office. The space offers 24’ clear height and three 12’ x 14’ grade level doors, plus one truckwell with potential for additional truckwell capacity. Power is available at 5,000 amps with 480 volts. The property is expandable up to 133,000 SF.
The building provides easy access to I-75 and M-59, supporting convenient regional connectivity. It is offered for sale or lease.
Operationally, the configuration combines warehouse clear span height with a substantial office component, making it well suited for users needing both production or storage space and on-site administrative space.
The building provides easy access to I-75 and M-59, supporting convenient regional connectivity. It is offered for sale or lease.
Operationally, the configuration combines warehouse clear span height with a substantial office component, making it well suited for users needing both production or storage space and on-site administrative space.
Key Highlights
- 80,416 SF warehouse with 27,210 SF two‑story office space
- Expandable up to 133,000 SF of total space
- 24’ clear height
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
$831,727
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
6.99%
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%
$16,634,540
$16.6M
Cap Rate 7%
$11,881,814
$11.9M
Cap Rate 9%
$9,241,411
$9.2M
Market Conditions
NOI Build-Up for 80,416 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
$1.45M $18.00/SF
− Vacancy
−$167.9K −$2.09/SF
EGI
$1.28M $15.91/SF
− OpEx
−$447.9K −$5.57/SF
NOI
$831.7K $10.34/SF
Area
Oakland County, MI
Vacancy
11.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
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%
$16,634,540
Cap Rate 7%
$11,881,814
Cap Rate 9%
$9,241,411
Alternative Uses
Best Use
Flex RnD
$11.88M
$10.40M – $13.86M
NOI $831,727 @ 7.0% cap · market cap 6.99%
Second Best
Warehouse
$6.91M
$6.05M – $8.06M
NOI $483,810 @ 7.0% cap · market cap 4.07%
Theoretical Best
Specialty Retail
$17.35M
$15.18M – $20.24M
NOI $1,214,153 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
24 ft
Clear height
1
Dock-high doors
3
Drive-in doors
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
776
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48326, MI
22,228
Population
12,219
Households
1.8
Avg Household Size
36
Median Age
47%
College-Educated
93%
High-School Grad
16.9 sq mi
ZIP Area
1,315
Density / Sq Mi
$79,468
Median Household Income
$46,012
Median Earnings
$1,411
Median Rent
$235,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Warehouse facility includes a two-story office and 24’ clear height with grade level loading doors.
Where is this flex space located?
The property is located at 2110 Executive Hills Ct Auburn Hills, MI.
What is the asking price?
The asking price for this property is $11,900,000.
What are key features of this property?
This property features: 80,416 SF warehouse with 27,210 SF two‑story office space; Expandable up to 133,000 SF of total space; 24’ clear height
