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    Functional Manufacturing Facility with QC Room Title is generated by Realmo AI

    4998 McCarthy Dr, Milford, MI 48381

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    For Sale
    $3,430,260

    Manufacturing building with truck dock, grade level door, and dedicated air-conditioned quality control office space.

    Type:Industrial
    Property size:
    336,630 SF
    Price / SF:
    $10/SF
    Added:
    Jun 1, 2026
    Days on Market:
    7
    Last Refresh:
    Jun 5 at 2:01 am

    Property Features for 4998 McCarthy Dr

    General Information

    Standard status
    Active
    Size
    336,630 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1999

    We can help!

    Listing Contact
    Chris D'Angelo
    Chris D'Angelo

    Listing agent Chris D'Angelo License #MI 6501312404

    Listing office Signature Associates - Southfield

    Listing date Jun 1, 2026

    Source Cpix.resimplifi

    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 Signature Associates - Southfield

    HighLights

    • Manufacturing building built in 1999 with one truck dock
    • 20'-24' clear height for warehouse/manufacturing operations
    • Loading includes one 12' x 14' grade level door
    • Warehouse grid with 20' x 40' and 20' x 50' column spacing plus six bays
    • 650 SF air‑conditioned quality control room
    • Pontiac Trail frontage with close I‑96 access via Milford Road

    Overview

    This functional manufacturing building includes one truck dock and one 12' x 14' grade level door, supported by a 20'-24' clear height. The facility is laid out with 20' x 40' and 20' x 50' column spacing across six bays, with air and power drops throughout to support active production needs. In addition to the production areas, there is a 650 sq. ft. air-conditioned quality control room, along with nine private offices, one conference room, and two break rooms.

    The property has Pontiac Trail frontage and offers close freeway access to I-96 via Milford Road, supporting efficient transportation and day-to-day operations.

    For buyers seeking a turnkey-style manufacturing environment, the combination of dock and drive-in access, clear height, organized bay structure, and on-site administrative and quality control space can support a wide range of light industrial and production workflows. The presence of distributed air and power further supports equipment connectivity and ongoing operational flexibility.
    Location Intelligence

    Current Use by Public Records

    Kyowa-Eidemiller Precision Machining, ... Industrial Manufacturer

    Suggested Use

    Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    Oakland
    State
    Michigan
    Longitude
    -83.5847895
    Latitude
    42.5233579

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    FAQs

    What type of property is this?
    Manufacturing property - Manufacturing building with truck dock, grade level door, and dedicated air-conditioned quality control office space.
    Where is this manufacturing property located?
    The property is located at 4998 McCarthy Dr Milford, MI.
    What is the asking price?
    The asking price for this property is $3,430,260.
    What are key features of this property?
    This property features: Manufacturing building built in 1999 with one truck dock; 20'-24' clear height for warehouse/manufacturing operations; Loading includes one 12' x 14' grade level door
    (248) 948-0109
    We can help!
    Listing Contact
    Chris D'Angelo
    Chris D'Angelo
    Real Estate License ID: MI 6501312404
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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