Flex Industrial Facility with Dock
For Sale
Contact for pricing
41369 VINCENTI CT, Novi, MI 48375
Light Industrial-zoned facility combines office space with air-conditioned shop space and grade-level and dock loading.
Property Size12,446 SF
Price / SF$169.93
Days on Market59
Property Features for 41369 VINCENTI CT
General Information
Standard status
Active
Size
12,446 SF
Property subtype
Office, Industrial
Zoning
Light Industrial
Investment Type
Owner/User
Warehouse & Industrial
Clear Height
19 ft
Warehouse Space
10,446 SF
Sprinkler System
Yes
Additional Details
Highway Access
Yes
Building Details
Year Built
1983
Year Renovated
2015
Buildings
1
Stories
1
Units
1
Building Size
12,446 SF
Listing Agency:
RH Commercial Realty
Listed By:
Nate Hughes · License #6501433129
(810) 923-6099
Source:
Crexi
Added: Aug 18
Changed: Oct 10
Last Checked: Oct 14 at 11:54PM
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.
Built in 1983, this 12,446-square-foot flex facility combines office and industrial areas within a Light Industrial-zoned property. The building offers 19'+ clearance, grade-level and dock loading, an air-conditioned shop area, and fire suppression. Office space can be configured at approximately 2,000 square feet, leaving 10,446 square feet for warehouse use.
The property is located in Novi near full-service I-96 interchanges at Novi Road and the M-5 interchange at Halsted Road. Its combination of office, shop, and warehouse areas provides a practical format for industrial operations requiring both workspace and loading access.
The property is located in Novi near full-service I-96 interchanges at Novi Road and the M-5 interchange at Halsted Road. Its combination of office, shop, and warehouse areas provides a practical format for industrial operations requiring both workspace and loading access.
Key Highlights
- 12,446 SF flex facility built in 1983
- 19'+ clearance within the facility
- Grade‑level and dock loading doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$128,726
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,574,520
$2.6M
Cap Rate 7%
$1,838,943
$1.8M
Cap Rate 9%
$1,430,289
$1.4M
Market Conditions
NOI Build-Up for 12,446 SF
Gross rent
$224.0K $18.00/SF
− Vacancy
−$26.0K −$2.09/SF
EGI
$198.0K $15.91/SF
− OpEx
−$69.3K −$5.57/SF
NOI
$128.7K $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 Rate 5%
$2,574,520
Cap Rate 7%
$1,838,943
Cap Rate 9%
$1,430,289
Alternative Uses
Best Use
Flex RnD
$1.84M
$1.61M – $2.15M
NOI $128,726 @ 7.0% cap · market cap 6.09%
Second Best
Warehouse
$1.07M
$936.0K – $1.25M
NOI $74,879 @ 7.0% cap · market cap 3.54%
Theoretical Best
Specialty Retail
$2.68M
$2.35M – $3.13M
NOI $187,915 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
19 ft
Clear height
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
706
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48375, MI
23,237
Population
10,223
Households
2.3
Avg Household Size
40
Median Age
63%
College-Educated
98%
High-School Grad
8.4 sq mi
ZIP Area
2,766
Density / Sq Mi
$112,978
Median Household Income
$70,326
Median Earnings
$1,880
Median Rent
$348,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Light Industrial-zoned facility combines office space with air-conditioned shop space and grade-level and dock loading.
Where is this flex space located?
The property is located at 41369 VINCENTI CT Novi, MI.
What is the asking price?
The asking price for this property is $2,115,000.
What are key features of this property?
This property features: 12,446 SF flex facility built in 1983; 19'+ clearance within the facility; Grade‑level and dock loading doors
