Headquarters Manufacturing
For Sale
$3,850,000
42925 W 9 Mile Rd, Novi, MI 48375
Industrial shop includes skylights, a 10-ton bridge crane, and one overhead door with freeway access.
Property Size30,030 SF
Lot Size8.16 Acres
Price / SF$128.21
Days on Market97
Property Features for 42925 W 9 Mile Rd
General Information
Standard status
Active
Size
30,030 SF
Lot size
8.16 Acres
Property subtype
Industrial
Zoning
I-1
Additional Details
Highway Access
Yes
Amenities
high end finishes
skylights
Building Details
Building Size
30,030 SF
Listing Agency:
Burger & Company
Listed By:
Joseph G Pellerito
(248) 417-8246
Source:
Cpix.resimplifi
Added: Jul 21
Changed: Oct 12
Last Checked: Oct 24 at 1:46PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This headquarters manufacturing facility combines office build-out with a functional shop area. The office space features high-end finishes throughout, and the shop is described as clean and well-lit with skylights. Industrial capabilities include a 10-ton bridge crane, a truckwell, and one overhead door to support loading and movement of goods.
Located at 42925 W 9 Mile Rd in Novi, Michigan, the property is positioned for freeway access. The offering sits on 8.16 acres, providing room for expansion of the building.
The current configuration is designed to support an integrated office-and-operations setup, with the shop’s overhead crane and loading features supporting in-bay workflows.
Located at 42925 W 9 Mile Rd in Novi, Michigan, the property is positioned for freeway access. The offering sits on 8.16 acres, providing room for expansion of the building.
The current configuration is designed to support an integrated office-and-operations setup, with the shop’s overhead crane and loading features supporting in-bay workflows.
Key Highlights
- Industrial shop with skylights and clean, well‑lit office area with high‑end finishes
- Shop includes a 10‑ton bridge crane
- Includes 1 overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$148,788
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,975,760
$3.0M
Cap Rate 7%
$2,125,543
$2.1M
Cap Rate 9%
$1,653,200
$1.7M
Market Conditions
NOI Build-Up for 30,030 SF
Gross rent
$220.7K $7.35/SF
− Vacancy
−$8.2K −$0.27/SF
EGI
$212.6K $7.08/SF
− OpEx
−$63.8K −$2.12/SF
NOI
$148.8K $4.95/SF
Area
Oakland County, MI
Vacancy
3.70%
Lease Rate
$7.35 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,975,760
Cap Rate 7%
$2,125,543
Cap Rate 9%
$1,653,200
Alternative Uses
Best Use
Industrial
$2.13M
$1.86M – $2.48M
NOI $148,788 @ 7.0% cap · market cap 3.86%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.48M
$5.67M – $7.56M
NOI $453,405 @ 7.0% cap · market cap 11.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
480
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial shop includes skylights, a 10-ton bridge crane, and one overhead door with freeway access.
Where is this manufacturing property located?
The property is located at 42925 W 9 Mile Rd Novi, MI.
What is the asking price?
The asking price for this property is $3,850,000.
What are key features of this property?
This property features: Industrial shop with skylights and clean, well‑lit office area with high‑end finishes; Shop includes a 10‑ton bridge crane; Includes 1 overhead door
