Crane-Served Industrial
For Sale
$2,899,650
3880 S Baldwin Road, Lake Orion, MI 48359
Crane-served 9,210 SF industrial building with double bays, powered overhead doors, and a bridge crane on 2.6 acres.
Property Size9,210 SF
Lot Size2.60 Acres
Price / SF$314.84
Days on Market109
Property Features for 3880 S Baldwin Road
General Information
Standard status
Active
Size
9,210 SF
Lot size
2.60 Acres
Property subtype
Industrial
Site & Location
Traffic Count
22,500 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Drive-In Doors
6
Service Bays
6
Amenities
3
Metal, Asphalt, Rubber
222510
Building Details
Year Built
19
Year Renovated
2015
Listing Agency:
(248) 467-4900
Listed By:
Realfi
(248) 467-4900
Source:
Xome
Added: Apr 23
Changed: Aug 7
Last Checked: Aug 9 at 5:32AM
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 Realfi
Investment Insights
Based on property information with market context.
Crane-served 9,210 SF industrial facility built for fleet and equipment work, with four double bays and 70' deep bays. The building includes four powered overhead doors with two dedicated crane bays, plus two standard bays with 10' overhead doors. A 7.5-ton CraneWerks overhead bridge crane (29'6" span) is installed on engineered reinforced footings (2015). Additional functional improvements include front-end alignment, two 10,000-lb lifts, a bulk oil system with digital counter meters, Ingersoll Rand compressed air plumbed throughout, tube heaters, alarm, and security cameras. A full office/showroom space is included.
The property sits on 2.6 acres with 222' of frontage on Baldwin Road Boulevard, part of a newly reconstructed 4-lane concrete corridor that was engineered for 30,000 ADT. Traffic is reported at 22,500+ ADT per RCOC (May 2024). The corridor includes five WB-67-rated roundabouts designed to support Class-8 tractor ingress/egress. The site is approximately 1.2 miles to I-75 and about 4 miles from GM Orion Assembly.
A 2015 comprehensive structural remodel included a new roof, structural steel, decking, electrical, crane-related reinforced west wall, raised ceiling height, and a rebuilt north wall with new overhead doors. Stamped permit drawings and progress photos are on file. There is also a 99 SF on-premises signage package featuring a 3' Hyperion EMC LED digital display and a 2' illuminated box sign, with a grandfathered signage permit on the corridor.
The property sits on 2.6 acres with 222' of frontage on Baldwin Road Boulevard, part of a newly reconstructed 4-lane concrete corridor that was engineered for 30,000 ADT. Traffic is reported at 22,500+ ADT per RCOC (May 2024). The corridor includes five WB-67-rated roundabouts designed to support Class-8 tractor ingress/egress. The site is approximately 1.2 miles to I-75 and about 4 miles from GM Orion Assembly.
A 2015 comprehensive structural remodel included a new roof, structural steel, decking, electrical, crane-related reinforced west wall, raised ceiling height, and a rebuilt north wall with new overhead doors. Stamped permit drawings and progress photos are on file. There is also a 99 SF on-premises signage package featuring a 3' Hyperion EMC LED digital display and a 2' illuminated box sign, with a grandfathered signage permit on the corridor.
Key Highlights
- 9,210 SF crane‑served industrial facility on 2.6 acres (4 parcels), with four double bays and 14' powered overhead doors, 70' deep including two dedicated crane bays.
- 7.5‑ton CraneWerks overhead bridge crane with 29'6" span installed in 2015 on engineered reinforced footings; crane bays plus bulk oil system and in‑house compressed air plumbed throughout.
- 2015 comprehensive structural remodel: new roof, structural steel, decking, electrical, reinforced west wall for crane, raised ceiling height, and rebuilt north wall with new overhead doors.
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
$95,257
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
3.29%
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%
$1,905,140
$1.9M
Cap Rate 7%
$1,360,814
$1.4M
Cap Rate 9%
$1,058,411
$1.1M
Market Conditions
NOI Build-Up for 9,210 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
$165.8K $18.00/SF
− Vacancy
−$19.2K −$2.09/SF
EGI
$146.5K $15.91/SF
− OpEx
−$51.3K −$5.57/SF
NOI
$95.3K $10.34/SF
Area
Oakland County, MI
Vacancy
11.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
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%
$1,905,140
Cap Rate 7%
$1,360,814
Cap Rate 9%
$1,058,411
Alternative Uses
Best Use
Flex RnD
$1.36M
$1.19M – $1.59M
NOI $95,257 @ 7.0% cap · market cap 3.29%
Second Best
Industrial
$651.9K
$570.4K – $760.5K
NOI $45,632 @ 7.0% cap · market cap 1.57%
Theoretical Best
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,056 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Drive-in doors
6
Service bays
22,500 VPD
Traffic count
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
589
Businesses Nearby
Explore this area
Business Placement
Demographics for 48359, MI
9,939
Population
4,477
Households
2.2
Avg Household Size
36
Median Age
52%
College-Educated
92%
High-School Grad
10.9 sq mi
ZIP Area
912
Density / Sq Mi
$94,618
Median Household Income
$50,657
Median Earnings
$1,360
Median Rent
$329,500
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 - Crane-served 9,210 SF industrial building with double bays, powered overhead doors, and a bridge crane on 2.6 acres.
Where is this manufacturing property located?
The property is located at 3880 S Baldwin Road Lake Orion, MI.
What is the asking price?
The asking price for this property is $2,899,650.
What are key features of this property?
This property features: 9,210 SF crane‑served industrial facility on 2.6 acres (4 parcels), with four double bays and 14' powered overhead doors, 70' deep including two dedicated crane bays.; 7.5‑ton CraneWerks overhead bridge crane with 29'6" span installed in 2015 on engineered reinforced footings; crane bays plus bulk oil system and in‑house compressed air plumbed throughout.; 2015 comprehensive structural remodel: new roof, structural steel, decking, electrical, reinforced west wall for crane, raised ceiling height, and rebuilt north wall with new overhead doors.
