Industrial Flex Facility with Heavy
For Sale
$2,752,410
28047 Grand Oaks Ct, Wixom, MI 48393
Well maintained industrial flex facility on a large lot with heavy power and a load-supporting mezzanine.
Property Size23,934 SF
Price / SF$115
Days on Market97
Property Features for 28047 Grand Oaks Ct
General Information
Standard status
Active
Size
23,934 SF
Total Parking Spaces
42
Property subtype
Industrial
Zoning
Light Ind.
Additional Details
Highway Access
Yes
Heavy Power
Yes
Building Details
Building Size
23,934 SF
Year Built
1996
Year Renovated
2024
Listing Agency:
Signature Associates - Southfield
Listed By:
Jim Montgomery · License #6501312404
(248) 359-0614
Source:
Cpix.resimplifi
Added: Jun 3
Changed: Aug 8
Last Checked: Sep 7 at 4:50AM
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 Signature Associates - Southfield
Investment Insights
Based on property information with market context.
This well maintained industrial flex facility has been freshly painted and includes a newly installed roof. The property is described as a corporate image facility on a large lot. It features heavy power and a 1,600 sq. ft. load supporting mezzanine, supporting adaptable interior use within the flexible layout.
The site offers immediate access to the I-96 freeway via Wixom Road. It is close to all services, supporting day-to-day operational needs.
With its combination of heavy power capacity, a load supporting mezzanine area, and a clean, updated exterior, the building is positioned for tenants or owners seeking a flex-style industrial environment.
The site offers immediate access to the I-96 freeway via Wixom Road. It is close to all services, supporting day-to-day operational needs.
With its combination of heavy power capacity, a load supporting mezzanine area, and a clean, updated exterior, the building is positioned for tenants or owners seeking a flex-style industrial environment.
Key Highlights
- Well‑maintained industrial flex facility built in 1996
- New roof and freshly painted
- Heavy power with a 1,600 sq. ft. load‑supporting mezzanine
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
$247,545
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
8.99%
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%
$4,950,900
$5.0M
Cap Rate 7%
$3,536,357
$3.5M
Cap Rate 9%
$2,750,500
$2.8M
Market Conditions
NOI Build-Up for 23,934 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
$430.8K $18.00/SF
− Vacancy
−$50.0K −$2.09/SF
EGI
$380.8K $15.91/SF
− OpEx
−$133.3K −$5.57/SF
NOI
$247.5K $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%
$4,950,900
Cap Rate 7%
$3,536,357
Cap Rate 9%
$2,750,500
Alternative Uses
Best Use
Flex RnD
$3.54M
$3.09M – $4.13M
NOI $247,545 @ 7.0% cap · market cap 8.99%
Second Best
Industrial
$1.69M
$1.48M – $1.98M
NOI $118,584 @ 7.0% cap · market cap 4.31%
Theoretical Best
Specialty Retail
$5.16M
$4.52M – $6.02M
NOI $361,365 @ 7.0% cap · market cap 13.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
268
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48393, MI
20,257
Population
9,847
Households
2.1
Avg Household Size
36
Median Age
43%
College-Educated
96%
High-School Grad
13.6 sq mi
ZIP Area
1,489
Density / Sq Mi
$67,194
Median Household Income
$44,862
Median Earnings
$975
Median Rent
$309,100
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Well maintained industrial flex facility on a large lot with heavy power and a load-supporting mezzanine.
Where is this flex space located?
The property is located at 28047 Grand Oaks Ct Wixom, MI.
What is the asking price?
The asking price for this property is $2,752,410.
What are key features of this property?
This property features: Well‑maintained industrial flex facility built in 1996; New roof and freshly painted; Heavy power with a 1,600 sq. ft. load‑supporting mezzanine
