Industrial Warehouse with Light
For Sale
$525,000
4140 7th St, Wyandotte, MI 48192
Small industrial building suited for warehousing, light manufacturing, or a hobby shop in Wyandotte’s industrial park.
Property Size5,500 SF
Price / SF$95.45
Days on Market99
Property Features for 4140 7th St
General Information
Standard status
Active
Size
5,500 SF
Property subtype
Industrial - Manufacturing
Building Details
Building Size
5,500 SF
Year Built
1998
Listing Agency:
Burger & Company
Listed By:
Nicolo Burger · License #6506049079
(810) 224-8103
Source:
Commercialcafe
Added: Jun 3
Changed: Sep 8
Last Checked: Sep 9 at 5:39AM
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 Burger & Company
Investment Insights
Based on property information with market context.
This 5,500-square-foot industrial building is available for sale, with a configuration that supports practical small-bay industrial use. The current offering is tied to the relocation of MI Customs Signs, leaving the property ready for a new operator. The space is described as a good fit for warehousing, light manufacturing, or a hobby shop.
Located in the heart of Wyandotte’s industrial park, the property benefits from an industrial setting intended for business use. Its position within the park is a straightforward advantage for tenants and buyers seeking a dedicated industrial environment rather than a mixed-use commercial setting.
For prospective tenants, the building’s size and stated use case make it workable for day-to-day storage needs, light production, or hands-on fabrication environments like a hobby shop. For buyers, it presents an opportunity to acquire a smaller industrial asset that can be tailored to similar low-to-moderate intensity uses, subject to local requirements and final tenant design needs.
Located in the heart of Wyandotte’s industrial park, the property benefits from an industrial setting intended for business use. Its position within the park is a straightforward advantage for tenants and buyers seeking a dedicated industrial environment rather than a mixed-use commercial setting.
For prospective tenants, the building’s size and stated use case make it workable for day-to-day storage needs, light production, or hands-on fabrication environments like a hobby shop. For buyers, it presents an opportunity to acquire a smaller industrial asset that can be tailored to similar low-to-moderate intensity uses, subject to local requirements and final tenant design needs.
Key Highlights
- 5,500 SF industrial building for sale in Wyandotte’s industrial park
- Built in 1998
- Suitable for warehousing, light manufacturing, or a hobby shop
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
$34,576
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
6.59%
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%
$691,520
$691.5K
Cap Rate 7%
$493,943
$493.9K
Cap Rate 9%
$384,178
$384.2K
Market Conditions
NOI Build-Up for 5,500 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
$42.2K $7.68/SF
− Vacancy
−$1.6K −$0.28/SF
EGI
$40.7K $7.40/SF
− OpEx
−$6.1K −$1.11/SF
NOI
$34.6K $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%
$691,520
Cap Rate 7%
$493,943
Cap Rate 9%
$384,178
Alternative Uses
Best Use
Warehouse
$493.9K
$432.2K – $576.3K
NOI $34,576 @ 7.0% cap · market cap 6.59%
Second Best
Industrial
$406.8K
$355.9K – $474.6K
NOI $28,474 @ 7.0% cap · market cap 5.42%
Theoretical Best
Specialty Retail
$1.02M
$891.0K – $1.19M
NOI $71,280 @ 7.0% cap · market cap 13.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
177
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Warehouse - Small industrial building suited for warehousing, light manufacturing, or a hobby shop in Wyandotte’s industrial park.
Where is this warehouse located?
The property is located at 4140 7th St Wyandotte, MI.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 5,500 SF industrial building for sale in Wyandotte’s industrial park; Built in 1998; Suitable for warehousing, light manufacturing, or a hobby shop
