Manufacturing Facility with Crane
New
For Sale
$2,675,000
44783 Morley Drive, Clinton Township, MI 48036
COMMERCIAL - Clinton Township, MI
Property Size24,292 SF
Lot Size1.30 Acres
Price / SF$110.12
Days on Market4
Property Features for 44783 Morley Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Industrial
Lot features
Main Street
Subdivision
Clinton Twp (50011)
Standard status
Active
APN
11-01-126-004
Size
24,292 SF
Lot size
1.30 Acres
Utilities
Heating system
Forced Air
Water source
Public
Building Details
Year built
1999
Roof type
Flat
Listing Agency:
Pilot Property Group - Residential LLC
(586) 254-0900
Listed By:
Anthony Rubino · License #6502425251
(586) 873-5419
Added: Aug 13
Last Checked: Aug 16 at 7:06PM
MLS# 50218414
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 24,292-square-foot manufacturing facility was built in 1999 and combines office areas with production space. The building includes 18'6" clear height, two grade-level doors, two loading docks, a 2-ton crane capacity, and a 2,000-amp/480-volt electrical service. LED lighting and full-building air conditioning support a controlled operating environment, while the flat roof and forced-air heating complete the building systems described.
The property is located on Morley Drive in Clinton Township, between Gratiot Avenue and Groesbeck Highway, with access to M-59, M-53, and I-94. It is served by public water and carries I-1 Light Industrial zoning, providing a physical and regulatory framework for continued industrial operations.
The property is located on Morley Drive in Clinton Township, between Gratiot Avenue and Groesbeck Highway, with access to M-59, M-53, and I-94. It is served by public water and carries I-1 Light Industrial zoning, providing a physical and regulatory framework for continued industrial operations.
Key Highlights
- 24,292‑square‑foot manufacturing facility built in 1999
- 18'6" clear height with two grade‑level doors and two loading docks
- 2‑ton crane capacity supports material handling operations
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
$130,986
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
4.90%
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%
$2,619,720
$2.6M
Cap Rate 7%
$1,871,229
$1.9M
Cap Rate 9%
$1,455,400
$1.5M
Market Conditions
NOI Build-Up for 24,292 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
$198.2K $8.16/SF
− Vacancy
−$11.1K −$0.46/SF
EGI
$187.1K $7.70/SF
− OpEx
−$56.1K −$2.31/SF
NOI
$131.0K $5.39/SF
Area
Macomb County, MI
Vacancy
5.60%
Lease Rate
$8.16 /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%
$2,619,720
Cap Rate 7%
$1,871,229
Cap Rate 9%
$1,455,400
Alternative Uses
Best Use
Flex RnD
$3.94M
$3.45M – $4.60M
NOI $275,903 @ 7.0% cap · market cap 10.31%
Second Best
Industrial
$1.87M
$1.64M – $2.18M
NOI $130,986 @ 7.0% cap · market cap 4.90%
Theoretical Best
Specialty Retail
$4.55M
$3.98M – $5.31M
NOI $318,350 @ 7.0% cap · market cap 11.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
2
Dock-high doors
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
431
Businesses Nearby
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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Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial facility combining office and production areas with climate-controlled interiors and light-industrial zoning.
Where is this manufacturing property located?
The property is located at 44783 Morley Drive Clinton Township, MI.
What is the asking price?
The asking price for this property is $2,675,000.
What are key features of this property?
This property features: 24,292‑square‑foot manufacturing facility built in 1999; 18'6" clear height with two grade‑level doors and two loading docks; 2‑ton crane capacity supports material handling operations
