Industrial Duplex Warehouse with 18'
For Sale
$1,600,000
32411 Industrial Dr., Madison Heights, MI 48071
Industrial duplex with 18’ clear LED lighting, grade level doors, and heavy 800A/240V 3-phase electrical service.
Property Size14,288 SF
Days on Market138
Property Features for 32411 Industrial Dr.
General Information
Standard status
Active
Size
14,288 SF
Total Parking Spaces
35
Property subtype
Industrial
Zoning
M-1
Lease Type
NNN
Warehouse & Industrial
Clear Height
18 ft
Drive-In Doors
2
Heavy Power
Yes
Additional Details
Highway Access
Yes
Building Details
Building Size
14,288 SF
Year Built
1984
Tenancy
Multi
Listing Agency:
Friedman Real Estate
Listed By:
Andreanna Grillo · License #6506049093
(586) 216-4947
Source:
Friedmanrealestate
Added: Jun 11
Changed: Oct 26
Last Checked: Oct 24 at 2:58PM
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 Friedman Real Estate
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Investment Insights
Based on property information with market context.
This industrial duplex warehouse offers 18’ clear height LED lighting and is equipped with (2) grade level doors measuring 12’ wide by 14’ high. The property also includes 800A/240V, 3-phase heavy electrical service (3p Heavy), supporting a variety of light industrial and warehouse uses.
The layout provides easy access to I-75. Tenant #2 is currently occupied by MTM, with rent noted at $5,000/month NNN for that space.
Presented as a for-sale NNN property, this duplex configuration can be considered for buyers seeking an industrial building with existing in-place tenancy.
The layout provides easy access to I-75. Tenant #2 is currently occupied by MTM, with rent noted at $5,000/month NNN for that space.
Presented as a for-sale NNN property, this duplex configuration can be considered for buyers seeking an industrial building with existing in-place tenancy.
Key Highlights
- Industrial duplex built in 1984
- 18’ clear height with LED lighting throughout
- Two grade‑level doors: 12’ W x 14’ H
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,962
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,719,240
$1.7M
Cap Rate 7%
$1,228,029
$1.2M
Cap Rate 9%
$955,133
$955.1K
Market Conditions
NOI Build-Up for 14,288 SF
Gross rent
$105.0K $7.35/SF
− Vacancy
−$3.9K −$0.27/SF
EGI
$101.1K $7.08/SF
− OpEx
−$15.2K −$1.06/SF
NOI
$86.0K $6.02/SF
Area
Oakland County, MI
Vacancy
3.70%
Lease Rate
$7.35 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,719,240
Cap Rate 7%
$1,228,029
Cap Rate 9%
$955,133
Alternative Uses
Best Use
Warehouse
$1.23M
$1.07M – $1.43M
NOI $85,962 @ 7.0% cap · market cap 5.37%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.08M
$2.70M – $3.60M
NOI $215,726 @ 7.0% cap · market cap 13.48%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
18 ft
Clear height
2
Drive-in doors
Multi-tenant
Tenancy
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
893
Businesses Nearby
Well-served
Demand for This Use
Explore this area
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
Similar Off Market Nearby
- Iron Mountain — 1500 E Whitcomb Ave Suite 100 & 300, Madison Heights, MI 48071
- Red Run Storage — 32100 Dequindre Rd, Warren, MI 48092
- Open Storage Co — 31900 Dequindre Rd, Warren, MI 48092
- Keep-A-Kamper — 31800 Dequindre Rd, Warren, MI 48092
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial duplex with 18’ clear LED lighting, grade level doors, and heavy 800A/240V 3-phase electrical service.
Where is this warehouse located?
The property is located at 32411 Industrial Dr. Madison Heights, MI.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Industrial duplex built in 1984; 18’ clear height with LED lighting throughout; Two grade‑level doors: 12’ W x 14’ H
