Air-Conditioned Industrial
For Sale
Contact for pricing
44837 Morley Dr, Clinton Township, MI 48036
I-1 zoning supports light industrial use with access to major Macomb County roadways and interstates.
Property Size25,320 SF
Price / SF$109.99
Days on Market10
Property Features for 44837 Morley Dr
General Information
Standard status
Active
Size
25,320 SF
Class
C
Property subtype
Industrial
Zoning
I-1 Light Industrial
Lease Type
NNN
Additional Details
Highway Access
Yes
Conditioned Warehouse
Yes
Building Details
Year Built
2004
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Pilot Property Group
(586) 360-0911
Listed By:
James Diehl · License #MI 6501368863
Source:
Crexi
Added: Aug 12
Changed: Aug 20
Last Checked: Aug 20 at 6:29AM
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 Pilot Property Group
Investment Insights
Based on property information with market context.
This 25,320-square-foot industrial property in Clinton Township, Michigan, was constructed in 2004 and is fully air-conditioned. The building carries I-1 Light Industrial zoning, providing a defined industrial-use designation for the site.
Access includes M-59, Gratiot Avenue, Groesbeck Highway, I-94, and M-53. An existing business operates at the property, and all inquiries are to be directed through the listing brokers.
Access includes M-59, Gratiot Avenue, Groesbeck Highway, I-94, and M-53. An existing business operates at the property, and all inquiries are to be directed through the listing brokers.
Key Highlights
- 25,320‑square‑foot industrial building
- Built in 2004
- Fully air‑conditioned building
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
$136,529
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%
$2,730,580
$2.7M
Cap Rate 7%
$1,950,414
$2.0M
Cap Rate 9%
$1,516,989
$1.5M
Market Conditions
NOI Build-Up for 25,320 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
$206.6K $8.16/SF
− Vacancy
−$11.6K −$0.46/SF
EGI
$195.0K $7.70/SF
− OpEx
−$58.5K −$2.31/SF
NOI
$136.5K $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%
$2,730,580
Cap Rate 7%
$1,950,414
Cap Rate 9%
$1,516,989
Alternative Uses
Best Use
Industrial
$1.95M
$1.71M – $2.28M
NOI $136,529 @ 7.0% cap · market cap 4.90%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.74M
$4.15M – $5.53M
NOI $331,822 @ 7.0% cap · market cap 11.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Industrial property - I-1 zoning supports light industrial use with access to major Macomb County roadways and interstates.
Where is this industrial property located?
The property is located at 44837 Morley Dr Clinton Township, MI.
What is the asking price?
The asking price for this property is $2,785,000.
What are key features of this property?
This property features: 25,320‑square‑foot industrial building; Built in 2004; Fully air‑conditioned building
