Industrial Building with
New
For Sale
$1,295,000
30231 Stephenson Hwy, Madison Heights, MI 48071
Air conditioning, bus duct, and overhead cranes are among the building’s shop features.
Property Size11,595 SF
Price / SF$111.69
Days on Market3
Property Features for 30231 Stephenson Hwy
General Information
Standard status
Active
Size
11,595 SF
Property subtype
Industrial
Additional Details
Conditioned Warehouse
Yes
Building Details
Building Size
11,595 SF
Year Built
1964
Year Renovated
2018
Listing Agency:
Lee & Associates of Michigan
Listed By:
Alex Gravlin
(734) 664-8500
Source:
Lee-associates
Added: Oct 30
Last Checked: Nov 1 at 4:15AM
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 Lee & Associates of Michigan
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Investment Insights
Based on property information with market context.
This 11,595-square-foot industrial building includes an air-conditioned shop, bus duct, and three overhead cranes: two with 2-ton capacity and one with 1/2-ton capacity. The roof was replaced in 2018, following a tear-off. Built in 1964, the property is located at 30231 Stephenson Hwy in Madison Heights, Michigan.
Key Highlights
- 11,595 SF industrial building
- Air‑conditioned shop with bus duct
- Two 2‑ton cranes and one 1/2‑ton crane
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,449
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,148,980
$1.1M
Cap Rate 7%
$820,700
$820.7K
Cap Rate 9%
$638,322
$638.3K
Market Conditions
NOI Build-Up for 11,595 SF
Gross rent
$85.2K $7.35/SF
− Vacancy
−$3.2K −$0.27/SF
EGI
$82.1K $7.08/SF
− OpEx
−$24.6K −$2.12/SF
NOI
$57.4K $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%
$1,148,980
Cap Rate 7%
$820,700
Cap Rate 9%
$638,322
Alternative Uses
Best Use
Industrial
$820.7K
$718.1K – $957.5K
NOI $57,449 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.50M
$2.19M – $2.92M
NOI $175,066 @ 7.0% cap · market cap 13.52%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
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Business Placement
Demographics for 48071, MI
28,468
Population
14,690
Households
1.9
Avg Household Size
39
Median Age
32%
College-Educated
89%
High-School Grad
7.1 sq mi
ZIP Area
4,010
Density / Sq Mi
$66,726
Median Household Income
$49,151
Median Earnings
$1,138
Median Rent
$190,300
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Industrial property - Air conditioning, bus duct, and overhead cranes are among the building’s shop features.
Where is this industrial property located?
The property is located at 30231 Stephenson Hwy Madison Heights, MI.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 11,595 SF industrial building; Air‑conditioned shop with bus duct; Two 2‑ton cranes and one 1/2‑ton crane
