Freestanding Industrial
For Sale
Contact for pricing
649 East Mandoline Avenue, Madison Heights, MI 48071
Freestanding industrial building with an exterior truckwell and a clean, well-maintained interior in an established industrial park.
Property Size14,230 SF
Price / SF$119.11
Days on Market119
Property Features for 649 East Mandoline Avenue
General Information
Standard status
Active
Size
14,230 SF
Total Parking Spaces
18
Property subtype
Industrial
Zoning
M1
Additional Details
Highway Access
Yes
Building Details
Year Built
1975
Buildings
1
Tenancy
Single
Listing Agency:
L. Mason Capitani
Listed By:
Garry Rogers · License #MI 6502378003
(517) 402-4030
Source:
Crexi
Added: Jun 24
Changed: Oct 5
Last Checked: Oct 19 at 7:07AM
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 L. Mason Capitani
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Investment Insights
Based on property information with market context.
Well-maintained freestanding industrial building located within a centrally positioned industrial park. The property includes an exterior truckwell and a clean, well-maintained interior suitable for industrial operations.
Convenient access to I-75 and I-696 supports practical regional connectivity for inbound and outbound logistics. The building’s freestanding design provides dedicated presence within the industrial park setting.
The space is presented in good condition, with a focus on operational functionality including the exterior truckwell and an orderly interior.
Convenient access to I-75 and I-696 supports practical regional connectivity for inbound and outbound logistics. The building’s freestanding design provides dedicated presence within the industrial park setting.
The space is presented in good condition, with a focus on operational functionality including the exterior truckwell and an orderly interior.
Key Highlights
- Well‑maintained freestanding industrial building built in 1975
- Exterior truckwell for loading and deliveries
- Clean, well‑maintained interior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,613
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,712,260
$1.7M
Cap Rate 7%
$1,223,043
$1.2M
Cap Rate 9%
$951,256
$951.3K
Market Conditions
NOI Build-Up for 14,230 SF
Gross rent
$104.6K $7.35/SF
− Vacancy
−$3.9K −$0.27/SF
EGI
$100.7K $7.08/SF
− OpEx
−$15.1K −$1.06/SF
NOI
$85.6K $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 Rate 5%
$1,712,260
Cap Rate 7%
$1,223,043
Cap Rate 9%
$951,256
Alternative Uses
Best Use
Warehouse
$1.22M
$1.07M – $1.43M
NOI $85,613 @ 7.0% cap · market cap 5.05%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.07M
$2.69M – $3.58M
NOI $214,850 @ 7.0% cap · market cap 12.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,022
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48071, MI
28,468
Population
14,690
Households
1.9
Avg Household Size
39
Median Age
32%
College-Educated
89%
High-School Grad
7.1 sq mi
ZIP Area
4,010
Density / Sq Mi
$66,726
Median Household Income
$49,151
Median Earnings
$1,138
Median Rent
$190,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Iron Mountain — 1500 E Whitcomb Ave Suite 100 & 300, Madison Heights, MI 48071
Frequently Asked Questions
What type of property is this?
Warehouse - Freestanding industrial building with an exterior truckwell and a clean, well-maintained interior in an established industrial park.
Where is this warehouse located?
The property is located at 649 East Mandoline Avenue Madison Heights, MI.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Well‑maintained freestanding industrial building built in 1975; Exterior truckwell for loading and deliveries; Clean, well‑maintained interior
