Building Details

Building Size 46,948 SF

Year Built 2008

Listing Agency: Burger & Company

Listed By: Paul Burger · License #6502115574 Show Phone

Source: Commercialcafe

Added: Sep 1 Changed: Oct 15 Last Checked: Oct 19 at 4:18AM

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Investment Insights

Based on property information with market context.

This manufacturing property was constructed in 2008. The asset is located near I-275 and is offered for sale at 36543 S Huron Rd in New Boston, Michigan 48164.

Key Highlights

• Manufacturing property constructed in 2008
• Located near I‑275
• 36543 S Huron Rd, New Boston, MI 48164

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$243,054

Cap Rate

4.05%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,861,080 $4.9M

Cap Rate 7%

$3,472,200 $3.5M

Cap Rate 9%

$2,700,600 $2.7M

Is this asking price fair?

Market Conditions

NOI Build-Up for 46,948 SF

Gross rent

$360.6K $7.68/SF

− Vacancy

−$13.3K −$0.28/SF

EGI

$347.2K $7.40/SF

− OpEx

−$104.2K −$2.22/SF

NOI

$243.1K $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 Rate 5%

$4,861,080

Cap Rate 7%

$3,472,200

Cap Rate 9%

$2,700,600

Alternative Uses

Best Use

Industrial

$3.47M

$3.04M – $4.05M (±1% cap)

NOI $243,054 @ 7.0% cap · market cap 4.05%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$8.69M

$7.61M – $10.14M (±1% cap)

NOI $608,446 @ 7.0% cap · market cap 10.15%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Manufacturing properties

Suggested Use

Top Pick Building Supply Auto Parts Store HVAC Service Auto Repair Shop Restaurant Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

46

Businesses Nearby

Explore this area Business Placement

Demographics for 48164, MI

9,676

Population

3,625

Households

2.7

Avg Household Size

44

Median Age

25%

College-Educated

94%

High-School Grad

30.3 sq mi

ZIP Area

319

Density / Sq Mi

$111,173

Median Household Income

$57,148

Median Earnings

$1,495

Median Rent

$313,700

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Auto Repair Shop with Loading Docks

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Frequently Asked Questions

What type of property is this?

Manufacturing property - Constructed in 2008 and located near I-275 for convenient highway access.

Where is this manufacturing property located?

The property is located at 36543 S Huron Rd New Boston, MI.

What is the asking price?

The asking price for this property is $5,995,000.

What are key features of this property?

This property features: Manufacturing property constructed in 2008; Located near I‑275; 36543 S Huron Rd, New Boston, MI 48164