Wixom Light Industrial
For Sale
Contact for pricing
47840 Anna Court, Wixom, MI 48393
Versatile building in Wixom's industrial corridor with high ceilings.
Property Size13,898 SF
Price / SF$139.95
Days on Market400
Property Features for 47840 Anna Court
General Information
Standard status
Active
Size
13,898 SF
Property subtype
Industrial, Office
Zoning
M-1 - Light Industrial
Building Details
Year Built
1996
Buildings
1
Stories
2
Units
1
Listing Agency:
Gerdom Realty & Investment
(248) 515-7606
Listed By:
Michael Murphy · License #6501389134
Source:
Crexi
Added: Jul 17, 2025
Changed: Aug 14
Last Checked: Aug 18 at 8:40AM
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 Gerdom Realty & Investment
Investment Insights
Based on property information with market context.
This light industrial property is located in the heart of Wixom's industrial corridor. The building offers high ceilings, grade-level loading, and flexible warehouse or light manufacturing space. It is suitable for logistics, fabrication, or service-based operations. The property provides easy access to I-96 and the commercial amenities of Novi. The building has a size of 13898 square feet.
Key Highlights
- Prime location in the heart of Wixom's industrial corridor.
- Easy access to I‑96.
- Flexible warehouse or light manufacturing space.
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
$143,744
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
7.39%
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%
$2,874,880
$2.9M
Cap Rate 7%
$2,053,486
$2.1M
Cap Rate 9%
$1,597,156
$1.6M
Market Conditions
NOI Build-Up for 13,898 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
$250.2K $18.00/SF
− Vacancy
−$29.0K −$2.09/SF
EGI
$221.1K $15.91/SF
− OpEx
−$77.4K −$5.57/SF
NOI
$143.7K $10.34/SF
Area
Oakland County, MI
Vacancy
11.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
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%
$2,874,880
Cap Rate 7%
$2,053,486
Cap Rate 9%
$1,597,156
Alternative Uses
Best Use
Flex RnD
$2.05M
$1.80M – $2.40M
NOI $143,744 @ 7.0% cap · market cap 7.39%
Second Best
Industrial
$983.7K
$860.8K – $1.15M
NOI $68,860 @ 7.0% cap · market cap 3.54%
Theoretical Best
Specialty Retail
$3.00M
$2.62M – $3.50M
NOI $209,838 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
694
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48393, MI
20,257
Population
9,847
Households
2.1
Avg Household Size
36
Median Age
43%
College-Educated
96%
High-School Grad
13.6 sq mi
ZIP Area
1,489
Density / Sq Mi
$67,194
Median Household Income
$44,862
Median Earnings
$975
Median Rent
$309,100
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?
Flex space - Versatile building in Wixom's industrial corridor with high ceilings.
Where is this flex space located?
The property is located at 47840 Anna Court Wixom, MI.
What is the asking price?
The asking price for this property is $1,945,000.
What are key features of this property?
This property features: Prime location in the heart of Wixom's industrial corridor.; Easy access to I‑96.; Flexible warehouse or light manufacturing space.
