Industrial Warehouse with
For Sale
$3,500,000
6566 Sterling Dr S, Sterling Heights, MI 48312
Warehouse facility includes 15'7" clear height, shop space, and dedicated office area with multiple grade level doors.
Property Size31,000 SF
Price / SF$112.90
Days on Market88
Property Features for 6566 Sterling Dr S
General Information
Standard status
Active
Size
31,000 SF
Total Parking Spaces
62
Property subtype
Industrial
Zoning
M-1
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Clear Height
15.6 ft
Service Bays
1
Amenities
walk-in coolers
HVAC systems
exhaust fans
floor and trench drains
vehicle wash bay
backup generator
Building Details
Building Size
31,000 SF
Year Built
1969
Year Renovated
2016
Listing Agency:
Signature Associates - Southfield
Listed By:
Paul S. Hoge · License #6502127881
(248) 948-0103
Source:
Cpix.resimplifi
Added: Jul 15
Changed: Oct 1
Last Checked: Oct 9 at 4:29PM
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 Signature Associates - Southfield
Investment Insights
Based on property information with market context.
This industrial property provides 31,000 square feet of warehouse space plus 3,000 square feet of dedicated office area. The facility includes shop space with a separate block room totaling 5,428 square feet, and offers 15'7" clear height. Additional improvements include multiple grade level doors, walk-in coolers, comprehensive HVAC systems with exhaust fans, floor and trench drains, and a vehicle wash bay. The property also includes a backup generator for added operational continuity, along with a covered and fenced rear area of 1,980 square feet.
The property is offered for sale at 6566 Sterling Drive South in Sterling Heights, Michigan.
The layout is designed to support both production and support functions, combining office space with industrial, climate-controlled, and drainage-ready areas.
The property is offered for sale at 6566 Sterling Drive South in Sterling Heights, Michigan.
The layout is designed to support both production and support functions, combining office space with industrial, climate-controlled, and drainage-ready areas.
Key Highlights
- 31,000 SF industrial space plus 3,000 SF dedicated office area
- 15'7" clear height with shop space including a separate block room (5,428 SF)
- Multiple grade level doors for warehouse operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$193,383
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,867,660
$3.9M
Cap Rate 7%
$2,762,614
$2.8M
Cap Rate 9%
$2,148,700
$2.1M
Market Conditions
NOI Build-Up for 31,000 SF
Gross rent
$238.1K $7.68/SF
− Vacancy
−$10.6K −$0.34/SF
EGI
$227.5K $7.34/SF
− OpEx
−$34.1K −$1.10/SF
NOI
$193.4K $6.24/SF
Area
Sterling Heights, MI
Vacancy
4.44%
Lease Rate
$7.68 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,867,660
Cap Rate 7%
$2,762,614
Cap Rate 9%
$2,148,700
Alternative Uses
Best Use
Warehouse
$2.76M
$2.42M – $3.22M
NOI $193,383 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.84M
$5.98M – $7.98M
NOI $478,710 @ 7.0% cap · market cap 13.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
15 ft
Clear height
1
Service bays
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
534
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48312, MI
34,854
Population
14,282
Households
2.4
Avg Household Size
42
Median Age
31%
College-Educated
87%
High-School Grad
11.1 sq mi
ZIP Area
3,140
Density / Sq Mi
$71,266
Median Household Income
$40,488
Median Earnings
$1,176
Median Rent
$253,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse facility includes 15'7" clear height, shop space, and dedicated office area with multiple grade level doors.
Where is this warehouse located?
The property is located at 6566 Sterling Dr S Sterling Heights, MI.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 31,000 SF industrial space plus 3,000 SF dedicated office area; 15'7" clear height with shop space including a separate block room (5,428 SF); Multiple grade level doors for warehouse operations
