Warehouse with Multiple Overhead
For Sale
Contact for pricing
42300 W 9 Mile Rd, Novi, MI 48375
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 Market183
Property Features for 42300 W 9 Mile Rd
General Information
Standard status
Active
Size
40,100 SF
Total Parking Spaces
130
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
26 ft
Heavy Power
Yes
Building Details
Year Renovated
2023
Listing Agency:
Colliers
(248) 540-1000
Listed By:
Sean Jamian
(248) 226-1637
Source:
Moodyscre
Added: Apr 7
Changed: Jul 21
Last Checked: Oct 4 at 12:24PM
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$241,255
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,825,100
$4.8M
Cap Rate 7%
$3,446,500
$3.4M
Cap Rate 9%
$2,680,611
$2.7M
Market Conditions
NOI Build-Up for 40,100 SF
Gross rent
$294.7K $7.35/SF
− Vacancy
−$10.9K −$0.27/SF
EGI
$283.8K $7.08/SF
− OpEx
−$42.6K −$1.06/SF
NOI
$241.3K $6.02/SF
Area
Oakland County, MI
Vacancy
3.70%
Lease Rate
$7.35 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,825,100
Cap Rate 7%
$3,446,500
Cap Rate 9%
$2,680,611
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 authorities.
Property Analytics
Current Use
Lease Details
26 ft
Clear height
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
480
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
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
