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 Market50
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: Aug 25
Last Checked: Sep 8 at 3:30AM
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 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 = 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
$148,788
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
3.86%
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%
$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
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
$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 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%
$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.
Property 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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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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
