Industrial Manufacturing and Distribution
For Sale
Contact for pricing
49178 Alpha Court, Wixom, MI 48393
Versatile industrial building with substantial office buildout, 24’ clear height, and dock-ready shipping for manufacturing or distribution.
Property Size36,420 SF
Price / SF$148.27
Days on Market54
Property Features for 49178 Alpha Court
General Information
Standard status
Active
Size
36,420 SF
Class
A
Property subtype
Industrial
Zoning
Industrial
Building Details
Year Built
2023
Listing Agency:
CBRE - Detroit
(248) 936-6813
Listed By:
Jake Ginster · License #6501410726
Source:
Crexi
Added: Jun 19
Changed: Aug 8
Last Checked: Aug 11 at 1:09PM
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 CBRE - Detroit
Investment Insights
Based on property information with market context.
This for-sale industrial facility includes approximately 36,420 SF of total building area and sits on 2.33 acres. The property combines a functional warehouse environment with significant office space, totaling about 11,000 SF. Designed for active operations, it offers 24’ clear height, 480V / 1200 Amp 3-phase power, and full sprinkler protection. Shipping and receiving are supported by two truck docks and one grade-level door, providing practical options for loading and workflow.
Located in the Wixom submarket, the property is positioned for convenient access to major highways and regional thoroughfares. Public remarks also note proximity to the greater Detroit industrial corridor and a deep local labor pool, which can be important for staffing and day-to-day continuity in industrial and light manufacturing uses.
The building is well-suited for owner-users and investors seeking a single asset that can support manufacturing, distribution, or light industrial activity. The combination of office space and warehouse volume supports tenants that require both administrative functions and operational capacity on-site, while the dock and grade-level access supports a range of inbound and outbound logistics needs.
Located in the Wixom submarket, the property is positioned for convenient access to major highways and regional thoroughfares. Public remarks also note proximity to the greater Detroit industrial corridor and a deep local labor pool, which can be important for staffing and day-to-day continuity in industrial and light manufacturing uses.
The building is well-suited for owner-users and investors seeking a single asset that can support manufacturing, distribution, or light industrial activity. The combination of office space and warehouse volume supports tenants that require both administrative functions and operational capacity on-site, while the dock and grade-level access supports a range of inbound and outbound logistics needs.
Key Highlights
- 2023‑built 36,420 SF industrial building on 2.33 acres in the Wixom submarket
- 11,000 SF of office space plus warehouse space suited for manufacturing, distribution, or light industrial use
- 24’ clear height and fully sprinklered facility
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
$376,685
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
6.98%
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%
$7,533,700
$7.5M
Cap Rate 7%
$5,381,214
$5.4M
Cap Rate 9%
$4,185,389
$4.2M
Market Conditions
NOI Build-Up for 36,420 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
$655.6K $18.00/SF
− Vacancy
−$76.0K −$2.09/SF
EGI
$579.5K $15.91/SF
− OpEx
−$202.8K −$5.57/SF
NOI
$376.7K $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%
$7,533,700
Cap Rate 7%
$5,381,214
Cap Rate 9%
$4,185,389
Alternative Uses
Best Use
Flex RnD
$5.38M
$4.71M – $6.28M
NOI $376,685 @ 7.0% cap · market cap 6.98%
Second Best
Warehouse
$3.13M
$2.74M – $3.65M
NOI $219,115 @ 7.0% cap · market cap 4.06%
Theoretical Best
Specialty Retail
$7.86M
$6.87M – $9.16M
NOI $549,884 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
456
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 Office 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?
Flex space - Versatile industrial building with substantial office buildout, 24’ clear height, and dock-ready shipping for manufacturing or distribution.
Where is this flex space located?
The property is located at 49178 Alpha Court Wixom, MI.
What is the asking price?
The asking price for this property is $5,400,000.
What are key features of this property?
This property features: 2023‑built 36,420 SF industrial building on 2.33 acres in the Wixom submarket; 11,000 SF of office space plus warehouse space suited for manufacturing, distribution, or light industrial use; 24’ clear height and fully sprinklered facility
