Air-Conditioned Flex
For Sale
Contact for pricing
44180 Vic Wertz Dr., Clinton Township, MI 48036
Light industrial facility combining office and warehouse areas with immediate occupancy available.
Property Size13,194 SF
Price / SF$119.98
Days on Market131
Property Features for 44180 Vic Wertz Dr.
General Information
Standard status
Active
Size
13,194 SF
Total Parking Spaces
25
Property subtype
Industrial
Zoning
Light Industrial
Lease Type
NNN
Investment Type
Owner/User
Warehouse & Industrial
Clear Height
18 ft
Warehouse Space
11,520 SF
Office Build-Out
1,674 SF
Building Details
Year Built
1991
Stories
6
Building Size
13,194 SF
Listing Agency:
Dominion Real Estate
(248) 399-9999
Listed By:
Eric Banks · License #MI 6502360983
Source:
Crexi
Added: Apr 23
Changed: Aug 29
Last Checked: Aug 29 at 3:12PM
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 Dominion Real Estate
Investment Insights
Based on property information with market context.
This 13,194-square-foot flex space, built in 1991, includes 1,674 square feet of office area and 11,520 square feet of warehouse space. The building is fully air conditioned and offers 18-foot clear height for industrial operations, storage, or flexible commercial use.
Located at 44180 Vic Wertz Dr. in Clinton Township, Michigan, the property is zoned Light Industrial and is available for immediate occupancy. Its mix of office and warehouse improvements provides a defined configuration for users seeking a functional industrial facility.
Located at 44180 Vic Wertz Dr. in Clinton Township, Michigan, the property is zoned Light Industrial and is available for immediate occupancy. Its mix of office and warehouse improvements provides a defined configuration for users seeking a functional industrial facility.
Key Highlights
- 13,194 SF total building area
- 1,674 SF of office space and 11,520 SF of warehouse space
- 18' clear height
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
$86,389
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
5.46%
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%
$1,727,780
$1.7M
Cap Rate 7%
$1,234,129
$1.2M
Cap Rate 9%
$959,878
$959.9K
Market Conditions
NOI Build-Up for 13,194 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
$107.7K $8.16/SF
− Vacancy
−$6.0K −$0.46/SF
EGI
$101.6K $7.70/SF
− OpEx
−$15.2K −$1.16/SF
NOI
$86.4K $6.55/SF
Area
Macomb County, MI
Vacancy
5.60%
Lease Rate
$8.16 /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%
$1,727,780
Cap Rate 7%
$1,234,129
Cap Rate 9%
$959,878
Alternative Uses
Best Use
Flex RnD
$2.14M
$1.87M – $2.50M
NOI $149,854 @ 7.0% cap · market cap 9.47%
Second Best
Warehouse
$1.23M
$1.08M – $1.44M
NOI $86,389 @ 7.0% cap · market cap 5.46%
Theoretical Best
Specialty Retail
$2.47M
$2.16M – $2.88M
NOI $172,909 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
18 ft
Clear height
Location Intelligence
Trade Area within ½ mile
431
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48036, MI
22,517
Population
9,855
Households
2.3
Avg Household Size
41
Median Age
22%
College-Educated
93%
High-School Grad
8.3 sq mi
ZIP Area
2,713
Density / Sq Mi
$65,109
Median Household Income
$36,730
Median Earnings
$1,018
Median Rent
$201,000
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- La Mia Restaurant — 43998 N Gratiot Ave, Clinton Twp, MI 48036
Frequently Asked Questions
What type of property is this?
Flex space - Light industrial facility combining office and warehouse areas with immediate occupancy available.
Where is this flex space located?
The property is located at 44180 Vic Wertz Dr. Clinton Township, MI.
What is the asking price?
The asking price for this property is $1,583,000.
What are key features of this property?
This property features: 13,194 SF total building area; 1,674 SF of office space and 11,520 SF of warehouse space; 18' clear height
