Freestanding Warehouse with Storage
For Sale
$3,900,000
5075 Venture Dr, Ann Arbor, MI 48108
High-ceiling industrial space with truck loading, overhead doors, and fenced outdoor storage.
Property Size33,885 SF
Price / SF$115.10
Days on Market195
Property Features for 5075 Venture Dr
General Information
Standard status
Active
Size
33,885 SF
Property subtype
Industrial
Zoning
IND RESEARCH
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Building Details
Building Size
33,885 SF
Buildings
1
Stories
1
Listing Agency:
Thomas A. Duke Company
(248) 760-5805
Listed By:
James C. Porth
(248) 760-5805
Source:
Cpix.resimplifi
Added: Feb 17
Changed: Aug 29
Last Checked: Aug 29 at 2:54PM
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 Thomas A. Duke Company
Investment Insights
Based on property information with market context.
This 33,885-square-foot freestanding warehouse provides high-ceiling industrial space with two truck wells and two overhead doors. A fenced storage lot adds secured outdoor area for materials, equipment, or vehicles. The property is designated IND RESEARCH under its stated zoning classification.
Located at 5075 Venture Dr in Ann Arbor, Michigan, the building combines enclosed warehouse space with dedicated loading infrastructure and exterior storage. Its freestanding configuration supports straightforward access to the building and lot, while the existing improvements provide practical functionality for industrial operations.
Located at 5075 Venture Dr in Ann Arbor, Michigan, the building combines enclosed warehouse space with dedicated loading infrastructure and exterior storage. Its freestanding configuration supports straightforward access to the building and lot, while the existing improvements provide practical functionality for industrial operations.
Key Highlights
- 33,885‑square‑foot freestanding warehouse building
- Two truck wells for loading access
- Two overhead doors
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
$224,450
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
5.76%
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%
$4,489,000
$4.5M
Cap Rate 7%
$3,206,429
$3.2M
Cap Rate 9%
$2,493,889
$2.5M
Market Conditions
NOI Build-Up for 33,885 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
$276.5K $8.16/SF
− Vacancy
−$12.4K −$0.37/SF
EGI
$264.1K $7.79/SF
− OpEx
−$39.6K −$1.17/SF
NOI
$224.5K $6.62/SF
Area
Ann Arbor, MI
Vacancy
4.50%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
15.00%
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%
$4,489,000
Cap Rate 7%
$3,206,429
Cap Rate 9%
$2,493,889
Alternative Uses
Best Use
Warehouse
$3.21M
$2.81M – $3.74M
NOI $224,450 @ 7.0% cap · market cap 5.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.48M
$6.55M – $8.73M
NOI $523,857 @ 7.0% cap · market cap 13.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
243
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48108, MI
26,639
Population
12,508
Households
2.1
Avg Household Size
37
Median Age
65%
College-Educated
96%
High-School Grad
16.8 sq mi
ZIP Area
1,586
Density / Sq Mi
$80,425
Median Household Income
$46,434
Median Earnings
$1,316
Median Rent
$378,300
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.
Similar Off Market Nearby
- CubeSmart Self Storage — 4750 S State Rd, Ann Arbor, MI 48108
Frequently Asked Questions
What type of property is this?
Warehouse - High-ceiling industrial space with truck loading, overhead doors, and fenced outdoor storage.
Where is this warehouse located?
The property is located at 5075 Venture Dr Ann Arbor, MI.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: 33,885‑square‑foot freestanding warehouse building; Two truck wells for loading access; Two overhead doors
