Industrial Building with Crane
For Sale
Contact for pricing
36010 INDUSTRIAL RD, Livonia, MI 48150
Industrial building with heavy power, high clearance, and multiple cranes.
Property Size14,870 SF
Price / SF$100
Days on Market84
Property Features for 36010 INDUSTRIAL RD
General Information
Standard status
Active
Size
14,870 SF
Property subtype
Industrial
Zoning
M-1 (Light Industrial)
Building Details
Year Built
1986
Buildings
1
Stories
1
Units
1
Listing Agency:
RH Commercial Realty
(248) 207-5847
Listed By:
Reece Hughes · License #6501428750
Source:
Crexi
Added: May 21
Changed: Aug 8
Last Checked: Aug 11 at 6:43PM
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 RH Commercial Realty
Investment Insights
Based on property information with market context.
Located on the south side of Industrial Road, this building offers convenient access to I-96 and is situated minutes from I-275, M-14, M-24, and M-39. The property is suitable for manufacturing, warehousing, and other uses requiring heavy power, high tonnage crane capabilities, high clearance, and air-conditioning. The building features an abundance of power, high clearance, and multiple jib cranes. The property size is 14870 square feet.
Key Highlights
- Easy access to I‑96, I‑275, M‑14, M‑24, & M‑39.
- Abundance of power.
- High clearance.
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
$93,480
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
6.29%
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%
$1,869,600
$1.9M
Cap Rate 7%
$1,335,429
$1.3M
Cap Rate 9%
$1,038,667
$1.0M
Market Conditions
NOI Build-Up for 14,870 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
$114.2K $7.68/SF
− Vacancy
−$4.2K −$0.28/SF
EGI
$110.0K $7.40/SF
− OpEx
−$16.5K −$1.11/SF
NOI
$93.5K $6.29/SF
Area
Wayne County, MI
Vacancy
3.70%
Lease Rate
$7.68 /SF/Yr
Expense Ratio
15.00%
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%
$1,869,600
Cap Rate 7%
$1,335,429
Cap Rate 9%
$1,038,667
Alternative Uses
Best Use
Warehouse
$1.34M
$1.17M – $1.56M
NOI $93,480 @ 7.0% cap · market cap 6.29%
Second Best
Industrial
$1.10M
$962.3K – $1.28M
NOI $76,983 @ 7.0% cap · market cap 5.18%
Theoretical Best
Specialty Retail
$2.75M
$2.41M – $3.21M
NOI $192,715 @ 7.0% cap · market cap 12.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
919
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 - Industrial building with heavy power, high clearance, and multiple cranes.
Where is this manufacturing property located?
The property is located at 36010 INDUSTRIAL RD Livonia, MI.
What is the asking price?
The asking price for this property is $1,487,000.
What are key features of this property?
This property features: Easy access to I‑96, I‑275, M‑14, M‑24, & M‑39.; Abundance of power.; High clearance.
