Manufacturing Facility With
For Sale
Contact for pricing
58233 Gratiot Ave, New Haven, MI 48048
Manufacturing operation with industrial real estate, seller-owned equipment, and integrated molding and machining capabilities.
Property Size21,487 SF
Lot Size5.00 Acres
Price / SF$151.25
Days on Market20
Property Features for 58233 Gratiot Ave
General Information
Standard status
Active
Size
21,487 SF
Class
C
Lot size
5.00 Acres
Property subtype
Business for Sale, Industrial
Zoning
LI
Investment Type
Owner/User
Additional Details
Business Included
Yes
Road Access
Yes
Building Details
Year Built
1988
Units
1
Building Size
21,487 SF
Listing Agency:
TDG Commercial
Listed By:
Brock Bean · License #462328
Source:
Crexi
Added: Aug 10
Changed: Aug 29
Last Checked: Aug 29 at 11:15AM
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 TDG Commercial
Investment Insights
Based on property information with market context.
The offering combines a manufacturing business with its industrial real estate and seller-owned machinery and equipment. Operations are housed in a 21,487-square-foot facility built in 1988 on approximately five acres along Gratiot Avenue in New Haven. The site is zoned LI and includes custom plastic injection molding, mold and product design, precision CNC machining, rapid prototyping, production support, and in-house quality inspection.
The company serves lighting, government and military vehicle, marine, and automotive applications. The building occupies the front portion of the parcel, leaving additional acreage behind it that may support expansion, land division, or redevelopment subject to zoning, approvals, and buyer due diligence. Ownership is retiring after nearly four decades of operation, and prospective buyers must work through the listing broker regarding confidential business information and transition discussions.
The company serves lighting, government and military vehicle, marine, and automotive applications. The building occupies the front portion of the parcel, leaving additional acreage behind it that may support expansion, land division, or redevelopment subject to zoning, approvals, and buyer due diligence. Ownership is retiring after nearly four decades of operation, and prospective buyers must work through the listing broker regarding confidential business information and transition discussions.
Key Highlights
- 21,487‑square‑foot manufacturing facility on approximately five acres
- Industrial property at 58233 Gratiot Ave, New Haven, MI 48048
- LI zoning
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
$115,861
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
3.56%
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%
$2,317,220
$2.3M
Cap Rate 7%
$1,655,157
$1.7M
Cap Rate 9%
$1,287,344
$1.3M
Market Conditions
NOI Build-Up for 21,487 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
$175.3K $8.16/SF
− Vacancy
−$9.8K −$0.46/SF
EGI
$165.5K $7.70/SF
− OpEx
−$49.7K −$2.31/SF
NOI
$115.9K $5.39/SF
Area
Macomb County, MI
Vacancy
5.60%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
30.00%
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%
$2,317,220
Cap Rate 7%
$1,655,157
Cap Rate 9%
$1,287,344
Alternative Uses
Best Use
Industrial
$1.66M
$1.45M – $1.93M
NOI $115,861 @ 7.0% cap · market cap 3.56%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.02M
$3.52M – $4.69M
NOI $281,590 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
210
Businesses Nearby
Explore this area
Business Placement
Demographics for 48048, MI
10,561
Population
3,518
Households
3
Avg Household Size
36
Median Age
16%
College-Educated
89%
High-School Grad
20.1 sq mi
ZIP Area
525
Density / Sq Mi
$68,990
Median Household Income
$35,221
Median Earnings
$1,365
Median Rent
$194,800
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.
Frequently Asked Questions
What type of property is this?
Manufacturing property - Manufacturing operation with industrial real estate, seller-owned equipment, and integrated molding and machining capabilities.
Where is this manufacturing property located?
The property is located at 58233 Gratiot Ave New Haven, MI.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: 21,487‑square‑foot manufacturing facility on approximately five acres; Industrial property at 58233 Gratiot Ave, New Haven, MI 48048; LI zoning
