Machine Shop Warehouse with
For Sale
$600,000
4070 5th Street, Wyandotte, MI 48192
Commercial building offers office spaces, a machine shop/warehouse area, a garage bay, and an on-site parking lot.
Property Size6,240 SF
Price / SF$96.15
Days on Market39
Property Features for 4070 5th Street
General Information
Standard status
Active
Size
6,240 SF
Property subtype
Commercial
Zoning
Commercial
Lease Term
Cash, Conventional
Taxes and HOA fees
Annual Taxes
$7,672
Building Details
Building Size
6,240 SF
Year Built
1978
Stories
1
Listing Agency:
Golden Path Real Estate Co
(734) 968-1660
Listed By:
Mike Dominick
(734) 968-1660
Source:
Sabudarealty
Added: Jul 17
Changed: Aug 23
Last Checked: Aug 22 at 9:23AM
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 Golden Path Real Estate Co
Investment Insights
Based on property information with market context.
This commercial building for sale includes office spaces and a machine shop/warehouse area, plus a garage bay and an on-site parking lot. The machine shop/warehouse includes equipment capable of supporting shop and warehouse use, with machinery not included, though the seller may be willing to sell it separately.
The property is listed with an adjacent vacant lot that is also available for sale (522 Central). BikeScore is 59 (bikeable) and WalkScore is 93 (walker's paradise), indicating strong pedestrian convenience.
The overall offering combines office functionality with a back-of-house shop and warehouse layout, supported by garage access and parking.
The property is listed with an adjacent vacant lot that is also available for sale (522 Central). BikeScore is 59 (bikeable) and WalkScore is 93 (walker's paradise), indicating strong pedestrian convenience.
The overall offering combines office functionality with a back-of-house shop and warehouse layout, supported by garage access and parking.
Key Highlights
- Over 6,000 SF commercial building built in 1978
- Includes office spaces and a machine shop/warehouse area
- Has a garage bay plus an on‑site parking lot
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
$39,372
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
6.56%
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%
$787,440
$787.4K
Cap Rate 7%
$562,457
$562.5K
Cap Rate 9%
$437,467
$437.5K
Market Conditions
NOI Build-Up for 6,240 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
$62.9K $10.08/SF
− Vacancy
−$2.3K −$0.37/SF
EGI
$60.6K $9.71/SF
− OpEx
−$21.2K −$3.40/SF
NOI
$39.4K $6.31/SF
Area
Wayne County, MI
Vacancy
3.70%
Lease Rate
$10.08 /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%
$787,440
Cap Rate 7%
$562,457
Cap Rate 9%
$437,467
Alternative Uses
Best Use
Flex RnD
$562.5K
$492.2K – $656.2K
NOI $39,372 @ 7.0% cap · market cap 6.56%
Second Best
Warehouse
$560.4K
$490.4K – $653.8K
NOI $39,228 @ 7.0% cap · market cap 6.54%
Theoretical Best
Specialty Retail
$1.16M
$1.01M – $1.35M
NOI $80,870 @ 7.0% cap · market cap 13.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
439
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48192, MI
25,058
Population
11,441
Households
2.2
Avg Household Size
42
Median Age
21%
College-Educated
91%
High-School Grad
5.3 sq mi
ZIP Area
4,728
Density / Sq Mi
$67,846
Median Household Income
$42,999
Median Earnings
$995
Median Rent
$159,700
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?
Flex space - Commercial building offers office spaces, a machine shop/warehouse area, a garage bay, and an on-site parking lot.
Where is this flex space located?
The property is located at 4070 5th Street Wyandotte, MI.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Over 6,000 SF commercial building built in 1978; Includes office spaces and a machine shop/warehouse area; Has a garage bay plus an on‑site parking lot
