Industrial Manufacturing
For Sale
$1,400,000
4082 6th Street, Wyandotte, MI 48192
Block-built industrial warehouse includes 17.5-ft ceilings, bay doors, office space, and ample electrical service.
Property Size17,440 SF
Lot Size1.00 Acre
Price / SF$79.36
Days on Market228
Property Features for 4082 6th Street
General Information
Standard status
Active
Size
17,440 SF
Lot size
1.00 Acre
Property subtype
Commercial
Zoning
Heavy Industry, Light Industry
Additional Details
Fenced Yard
Yes
Clear Height
17.5 ft
Building Details
Building Size
17,440 SF
Year Built
1976
Construction
block built
Listing Agency:
Real Estate One-Southgate
(734) 658-7039
Listed By:
Erica Hussey
(734) 658-7039
Source:
Homesforsaleinmich
Added: Jan 7
Changed: Aug 23
Last Checked: Aug 23 at 3:12AM
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 Real Estate One-Southgate
Investment Insights
Based on property information with market context.
Industrial warehouse/manufacturing building offering approximately 17,641 square feet in a block-built structure. The space features a flat steel deck roof on steel bar joists and 17.5-foot ceiling height, with two 13-foot bay doors for loading access. An estimated 800 square feet of office space is included, supporting day-to-day operations within the facility.
The property includes a fenced side lot and sits on approximately one acre. Public remarks also note ample electrical service suitable for a manufacturing business, along with block-built walls throughout the warehouse area.
This is a straightforward, operation-ready industrial building with both warehouse and office components, designed around loading access and ceiling height for manufacturing and related uses.
The property includes a fenced side lot and sits on approximately one acre. Public remarks also note ample electrical service suitable for a manufacturing business, along with block-built walls throughout the warehouse area.
This is a straightforward, operation-ready industrial building with both warehouse and office components, designed around loading access and ceiling height for manufacturing and related uses.
Key Highlights
- 17,641 sqft block‑built industrial warehouse on an acre lot (lot dimensions: 258,196)
- 17.5 ft ceiling height with flat steel deck roof on steel bar joists
- Two 13‑ft bay doors for warehouse access
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
$110,900
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
7.92%
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%
$2,218,000
$2.2M
Cap Rate 7%
$1,584,286
$1.6M
Cap Rate 9%
$1,232,222
$1.2M
Market Conditions
NOI Build-Up for 17,641 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
$135.5K $7.68/SF
− Vacancy
−$5.0K −$0.28/SF
EGI
$130.5K $7.40/SF
− OpEx
−$19.6K −$1.11/SF
NOI
$110.9K $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%
$2,218,000
Cap Rate 7%
$1,584,286
Cap Rate 9%
$1,232,222
Alternative Uses
Best Use
Warehouse
$1.58M
$1.39M – $1.85M
NOI $110,900 @ 7.0% cap · market cap 7.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.27M
$2.86M – $3.81M
NOI $228,627 @ 7.0% cap · market cap 16.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
17 ft
Clear height
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
328
Businesses Nearby
Well-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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Block-built industrial warehouse includes 17.5-ft ceilings, bay doors, office space, and ample electrical service.
Where is this warehouse located?
The property is located at 4082 6th Street Wyandotte, MI.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 17,641 sqft block‑built industrial warehouse on an acre lot (lot dimensions: 258,196); 17.5 ft ceiling height with flat steel deck roof on steel bar joists; Two 13‑ft bay doors for warehouse access
