Freestanding Industrial
649 East Mandoline Avenue Madison Heights, MI 48071
649 East Mandoline Avenue, Madison Heights, MI, 48071
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For Sale
Contact for pricing
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 Market28
Property Features for 649 East Mandoline Avenue
General Information
- Standard status
- Active
- Size
- 14,230 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1975
Listing agency
L. Mason Capitani
(517) 402-4030
Listed by
Garry Rogers · License #MI 6502378003
Source
Crexi
Added: Jun 24 Updated: Jul 21 at 2:11PM Checked: Jul 21 at 2:11PM
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
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
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $104.6k | $7.35 |
| − Vacancy | −$3.9k | −$0.27 |
| EGI | $100.7k | $7.08 |
| − OpEx | −$15.1k | −$1.06 |
| NOI | $85.6k | $6.02 |
14,230 SF · lease $7.35/SF/yr · vacancy 3.70% · expense 15.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Complete Manufacturers Equipment
Professional Services
Similar For Sale Nearby
Similar Off Market Nearby
- Iron Mountain — 1500 E Whitcomb Ave Suite 100 & 300, Madison Heights, MI 48071
FAQs
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
