Industrial Warehouse For
For Sale
Contact for pricing
55 East Silverdome Industrial Park, Pontiac, MI 48342
For sale warehouse located in Detroit’s Northwest Suburbs industrial market.
Property Size74,026 SF
Price / SF$157.59
Days on Market113
Property Features for 55 East Silverdome Industrial Park
General Information
Standard status
Active
Size
74,026 SF
Class
B
Property subtype
Industrial
Zoning
IP-1 – Industrial Park
Occupancy
100%
Lease Type
NNN
Investment Type
Core+
Net Operating Income
$699,933
Building Details
Year Built
1986
Buildings
1
Stories
1
Units
95
Tenancy
Single
Listing Agency:
CBRE - Detroit
Listed By:
Blake Burstein · License #6505202896
(248) 302-8961
Source:
Crexi
Added: May 20
Changed: Sep 7
Last Checked: Sep 8 at 3:24AM
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.
The offering is an industrial warehouse presented for sale within the Northwest Suburbs industrial submarket of Detroit, MI. The property is listed in the 55 East Silverdome Industrial Park area and includes a total property size of 74,026 square feet.
The Northwest Suburbs industrial market is described as having tight supply and low vacancy, with strong demand as reflected by the reported 4.4% vacancy rate and 0.8% space available for sublet as of Q1 2026. The submarket is also noted for being supported by a skilled manufacturing labor base and strategic access to major highway arteries serving advanced manufacturing and automotive suppliers.
This is a straightforward warehouse opportunity within an industrial market characterized by limited availability and sustained tenant demand based on the information provided.
The Northwest Suburbs industrial market is described as having tight supply and low vacancy, with strong demand as reflected by the reported 4.4% vacancy rate and 0.8% space available for sublet as of Q1 2026. The submarket is also noted for being supported by a skilled manufacturing labor base and strategic access to major highway arteries serving advanced manufacturing and automotive suppliers.
This is a straightforward warehouse opportunity within an industrial market characterized by limited availability and sustained tenant demand based on the information provided.
Key Highlights
- Warehouse for sale in Detroit’s Northwest Suburbs industrial market
- Year built: 1986
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
$445,366
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
3.82%
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%
$8,907,320
$8.9M
Cap Rate 7%
$6,362,371
$6.4M
Cap Rate 9%
$4,948,511
$4.9M
Market Conditions
NOI Build-Up for 74,026 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
$544.1K $7.35/SF
− Vacancy
−$20.1K −$0.27/SF
EGI
$524.0K $7.08/SF
− OpEx
−$78.6K −$1.06/SF
NOI
$445.4K $6.02/SF
Area
Oakland County, MI
Vacancy
3.70%
Lease Rate
$7.35 /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%
$8,907,320
Cap Rate 7%
$6,362,371
Cap Rate 9%
$4,948,511
Alternative Uses
Best Use
Warehouse
$6.36M
$5.57M – $7.42M
NOI $445,366 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$15.97M
$13.97M – $18.63M
NOI $1,117,674 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48342, MI
18,685
Population
7,559
Households
2.5
Avg Household Size
33
Median Age
10%
College-Educated
76%
High-School Grad
5.2 sq mi
ZIP Area
3,593
Density / Sq Mi
$33,750
Median Household Income
$29,970
Median Earnings
$851
Median Rent
$90,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Similar Off Market Nearby
- Marshall street car storage. — 447 S Marshall St, Pontiac, MI 48342
Frequently Asked Questions
What type of property is this?
Warehouse - For sale warehouse located in Detroit’s Northwest Suburbs industrial market.
Where is this warehouse located?
The property is located at 55 East Silverdome Industrial Park Pontiac, MI.
What is the asking price?
The asking price for this property is $11,665,553.
What are key features of this property?
This property features: Warehouse for sale in Detroit’s Northwest Suburbs industrial market; Year built: 1986
