Warehouse with Multiple Overhead
42300 W 9 Mile Rd Novi, MI 48375
42300 W 9 Mile Rd, Novi, MI, 48375
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For Sale
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Warehouse with three 1-ton and three 5-ton cranes, up to 26’ clear height, and 3-phase heavy power.
Property Size40,100 SF
Price / SF$112.22
Days on Market106
Property Features for 42300 W 9 Mile Rd
General Information
- Standard status
- Active
- Size
- 40,100 SF
- Property subtype
- INDUSTRIAL
Properties For Sale
at 42300 W 9 Mile Rd Contact us
Listing agency
Colliers
(248) 226-1637
Listed by
Sean Jamian
(248) 226-1637
Source
Moodyscre
Added: Apr 7 Updated: Jul 21 at 5:13AM Checked: Jul 21 at 5:13AM
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 Colliers
Investment Insights
Based on property information with market context.
This warehouse includes six overhead cranes, with three 1-ton units and three 5-ton units. The facility offers up to 26’ clear height and 3-phase heavy power to support material handling and warehouse operations. The building was fully renovated in 2023, with a new roof and parking lot completed in 2024.
Parking is available for approximately 130 spaces, supporting tenant and visitor access. The property is located within a desirable industrial park, positioning it as a strong owner-user option.
As configured, the combination of crane capacity, clear height, and electrical service is well-suited for industrial warehousing needs that require overhead lifting capability.
Parking is available for approximately 130 spaces, supporting tenant and visitor access. The property is located within a desirable industrial park, positioning it as a strong owner-user option.
As configured, the combination of crane capacity, clear height, and electrical service is well-suited for industrial warehousing needs that require overhead lifting capability.
Key Highlights
- Warehouse with 6 cranes: three 1‑ton and three 5‑ton cranes
- Up to 26’ clear height for efficient industrial operations
- 3‑phase heavy power available
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $294.7k | $7.35 |
| − Vacancy | −$10.9k | −$0.27 |
| EGI | $283.8k | $7.08 |
| − OpEx | −$42.6k | −$1.06 |
| NOI | $241.3k | $6.02 |
40,100 SF · lease $7.35/SF/yr · vacancy 3.70% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$3.45M
$3.02M – $4.02M
NOI $241,255 @ 7.0% cap · market cap 5.36%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$8.65M
$7.57M – $10.09M
NOI $605,446 @ 7.0% cap · market cap 13.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Warehouse - Warehouse with three 1-ton and three 5-ton cranes, up to 26’ clear height, and 3-phase heavy power.
Where is this warehouse located?
The property is located at 42300 W 9 Mile Rd Novi, MI.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Warehouse with 6 cranes: three 1‑ton and three 5‑ton cranes; Up to 26’ clear height for efficient industrial operations; 3‑phase heavy power available
