Fully Functioning Stamping
For Sale
Contact for pricing
35588 Veronica St, Livonia, MI 48150
Operational stamping facility with available building, business, and equipment package for sale.
Property Size18,800 SF
Price / SF$79.79
Days on Market70
Property Features for 35588 Veronica St
General Information
Standard status
Active
Size
18,800 SF
Property subtype
Business for Sale, Industrial
Investment Type
Owner/User
Additional Details
Business Included
Yes
Building Details
Year Built
1978
Buildings
1
Listing Agency:
ACRES Group
Listed By:
Drew Sparks · License #6501469579
Source:
Crexi
Added: Jun 2
Changed: Aug 8
Last Checked: Aug 9 at 2:35PM
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 ACRES Group
Investment Insights
Based on property information with market context.
This fully functioning stamping plant is available for sale with the building, business, and equipment all included in the offering. The listing indicates that an equipment list is attached, supporting a ready-to-evaluate manufacturing package rather than a bare facility. The property is positioned as an operating industrial asset, designed for buyers who want to consider production capabilities as part of the transaction.
The facility is located at 35588 Veronica St in Livonia, Michigan. As presented, the offering is structured to keep the manufacturing operation together, which can simplify transition planning for qualified buyers evaluating in-place production assets.
For industrial buyers, the key takeaway is that this is marketed as an active stamping plant with the operating components available alongside the real estate. That combination may appeal to manufacturers or industrial operators who want to assess the included equipment through the attached list and evaluate whether the existing setup aligns with their production requirements. Because the business and equipment are included, prospective purchasers can focus diligence on the included manufacturing assets as well as the facility itself, based on the information provided in the materials.
The facility is located at 35588 Veronica St in Livonia, Michigan. As presented, the offering is structured to keep the manufacturing operation together, which can simplify transition planning for qualified buyers evaluating in-place production assets.
For industrial buyers, the key takeaway is that this is marketed as an active stamping plant with the operating components available alongside the real estate. That combination may appeal to manufacturers or industrial operators who want to assess the included equipment through the attached list and evaluate whether the existing setup aligns with their production requirements. Because the business and equipment are included, prospective purchasers can focus diligence on the included manufacturing assets as well as the facility itself, based on the information provided in the materials.
Key Highlights
- Fully functioning stamping plant currently for sale
- Building, business, and equipment all available as part of the sale
- Year built: 1978
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
$97,329
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
6.49%
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%
$1,946,580
$1.9M
Cap Rate 7%
$1,390,414
$1.4M
Cap Rate 9%
$1,081,433
$1.1M
Market Conditions
NOI Build-Up for 18,800 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
$144.4K $7.68/SF
− Vacancy
−$5.3K −$0.28/SF
EGI
$139.0K $7.40/SF
− OpEx
−$41.7K −$2.22/SF
NOI
$97.3K $5.18/SF
Area
Wayne County, MI
Vacancy
3.70%
Lease Rate
$7.68 /SF/Yr
Expense Ratio
30.00%
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%
$1,946,580
Cap Rate 7%
$1,390,414
Cap Rate 9%
$1,081,433
Alternative Uses
Best Use
Industrial
$1.39M
$1.22M – $1.62M
NOI $97,329 @ 7.0% cap · market cap 6.49%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.48M
$3.05M – $4.06M
NOI $243,648 @ 7.0% cap · market cap 16.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
467
Businesses Nearby
Explore this area
Business Placement
Demographics for 48150, MI
26,573
Population
10,724
Households
2.5
Avg Household Size
42
Median Age
36%
College-Educated
96%
High-School Grad
12.1 sq mi
ZIP Area
2,196
Density / Sq Mi
$94,058
Median Household Income
$50,779
Median Earnings
$1,328
Median Rent
$228,600
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?
Manufacturing property - Operational stamping facility with available building, business, and equipment package for sale.
Where is this manufacturing property located?
The property is located at 35588 Veronica St Livonia, MI.
What is the asking price?
The asking price for this property is $1,499,999.
What are key features of this property?
This property features: Fully functioning stamping plant currently for sale; Building, business, and equipment all available as part of the sale; Year built: 1978
