Air-Conditioned Industrial
For Sale
Contact for pricing
2998 Waterview Dr, Rochester Hills, MI 48309
Fully air-conditioned warehouse with heavy power, exterior truck well, and sealed, floor-drained concrete.
Property Size82,800 SF
Price / SF$0.00
Days on Market147
Property Features for 2998 Waterview Dr
General Information
Standard status
Active
Size
82,800 SF
Property subtype
Industrial
Zoning
REC-W
Additional Details
Heavy Power
Yes
Building Details
Building Size
82,800 SF
Listing Agency:
Newmark Knight Frank Detroit
Listed By:
Geoffrey S. Hill
(586) 216-1930
Source:
Cpix.resimplifi
Added: Jun 9
Changed: Oct 31
Last Checked: Nov 1 at 2:26AM
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
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Investment Insights
Based on property information with market context.
This for-sale industrial warehouse is designed for active operations, offering fully air-conditioned space, LED lighting, and heavy power capability. The facility includes an exterior truck well for loading and sealed floors with floor drains, supporting environments where concrete durability and drainage matter.
The property also benefits from ample parking, which can improve day-to-day logistics for employees and visitors. An exterior truck well helps separate loading activities from general circulation.
With sealed, floor-drained concrete and heavy power, the building can be a practical fit for manufacturers, distributors, and other industrial users that require robust utility service and convenient truck access. The combination of air conditioning, LED lighting, and the exterior loading configuration supports work that depends on reliable building systems and efficient receiving.
The property also benefits from ample parking, which can improve day-to-day logistics for employees and visitors. An exterior truck well helps separate loading activities from general circulation.
With sealed, floor-drained concrete and heavy power, the building can be a practical fit for manufacturers, distributors, and other industrial users that require robust utility service and convenient truck access. The combination of air conditioning, LED lighting, and the exterior loading configuration supports work that depends on reliable building systems and efficient receiving.
Key Highlights
- Fully air‑conditioned warehouse
- Heavy power for warehouse operations
- Exterior truck well
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$410,244
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,204,880
$8.2M
Cap Rate 7%
$5,860,629
$5.9M
Cap Rate 9%
$4,558,267
$4.6M
Market Conditions
NOI Build-Up for 82,800 SF
Gross rent
$608.6K $7.35/SF
− Vacancy
−$22.5K −$0.27/SF
EGI
$586.1K $7.08/SF
− OpEx
−$175.8K −$2.12/SF
NOI
$410.2K $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 Rate 5%
$8,204,880
Cap Rate 7%
$5,860,629
Cap Rate 9%
$4,558,267
Alternative Uses
Best Use
Warehouse
$7.12M
$6.23M – $8.30M
NOI $498,153 @ 7.0% cap · market cap 5,860,623.53%
Second Best
Industrial
$5.86M
$5.13M – $6.84M
NOI $410,244 @ 7.0% cap · market cap 4,826,400.00%
Theoretical Best
Specialty Retail
$17.86M
$15.63M – $20.84M
NOI $1,250,148 @ 7.0% cap · market cap 14,707,623.53%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
348
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48309, MI
31,541
Population
11,635
Households
2.7
Avg Household Size
41
Median Age
63%
College-Educated
97%
High-School Grad
15.6 sq mi
ZIP Area
2,022
Density / Sq Mi
$117,788
Median Household Income
$60,689
Median Earnings
$1,625
Median Rent
$394,700
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Warehouse - Fully air-conditioned warehouse with heavy power, exterior truck well, and sealed, floor-drained concrete.
Where is this warehouse located?
The property is located at 2998 Waterview Dr Rochester Hills, MI.
What are key features of this property?
This property features: Fully air‑conditioned warehouse; Heavy power for warehouse operations; Exterior truck well
