Duplex Warehouse with
For Sale
$1,624,000
6739 Cypress Rd, Romulus, MI 48174
M-1-zoned warehouse with two leased suites, separate utility metering, and truck-loading access.
Property Size16,240 SF
Price / SF$100
Days on Market308
Property Features for 6739 Cypress Rd
General Information
Standard status
Active
Size
16,240 SF
Property subtype
Industrial
Zoning
M-1
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
22 ft
Dock-High Doors
2
Drive-In Doors
2
Additional Details
Asking Price
$1,624,000
Building Details
Building Size
16,240 SF
Year Built
2001
Buildings
1
Tenancy
Multi
Listing Agency:
Burger & Company
(586) 202-7800
Listed By:
Paul Burger · License #6502115574
(586) 202-7800
Source:
Cpix.resimplifi
Added: Oct 27, 2025
Changed: Aug 30
Last Checked: Aug 30 at 12:27AM
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 Burger & Company
Investment Insights
Based on property information with market context.
This M-1-zoned warehouse property contains 16,240 square feet in a duplex configuration with two separately leased suites. Suite 100 is leased through 8/31/2026, while Suite 200 is leased through 9/30/2027. Gas and electric service are separately metered, supporting distinct suite operations. The building was constructed in 2001 and features a 22-foot clear height, two truckwells, and two grade-level doors. Concrete in the truck-loading area was replaced in 2024.
The property offers access to DTW, I-275, and I-94, providing connectivity to regional transportation routes. Its existing two-suite layout supports continued leased occupancy or an owner-occupant configuration, subject to applicable lease terms.
The property offers access to DTW, I-275, and I-94, providing connectivity to regional transportation routes. Its existing two-suite layout supports continued leased occupancy or an owner-occupant configuration, subject to applicable lease terms.
Key Highlights
- 16,240‑square‑foot duplex warehouse building
- Two leased suites with terms extending through 8/31/2026 and 9/30/2027
- Two truckwells and two grade‑level doors
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
$102,092
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
6.29%
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%
$2,041,840
$2.0M
Cap Rate 7%
$1,458,457
$1.5M
Cap Rate 9%
$1,134,356
$1.1M
Market Conditions
NOI Build-Up for 16,240 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
$124.7K $7.68/SF
− Vacancy
−$4.6K −$0.28/SF
EGI
$120.1K $7.40/SF
− OpEx
−$18.0K −$1.11/SF
NOI
$102.1K $6.29/SF
Area
Wayne County, MI
Vacancy
3.70%
Lease Rate
$7.68 /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%
$2,041,840
Cap Rate 7%
$1,458,457
Cap Rate 9%
$1,134,356
Alternative Uses
Best Use
Warehouse
$1.46M
$1.28M – $1.70M
NOI $102,092 @ 7.0% cap · market cap 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.01M
$2.63M – $3.51M
NOI $210,470 @ 7.0% cap · market cap 12.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
22 ft
Clear height
2
Dock-high doors
2
Drive-in doors
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
275
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48174, MI
33,683
Population
13,124
Households
2.6
Avg Household Size
38
Median Age
17%
College-Educated
89%
High-School Grad
40.8 sq mi
ZIP Area
826
Density / Sq Mi
$65,675
Median Household Income
$41,186
Median Earnings
$1,053
Median Rent
$151,500
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.
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Frequently Asked Questions
What type of property is this?
Warehouse - M-1-zoned warehouse with two leased suites, separate utility metering, and truck-loading access.
Where is this warehouse located?
The property is located at 6739 Cypress Rd Romulus, MI.
What is the asking price?
The asking price for this property is $1,624,000.
What are key features of this property?
This property features: 16,240‑square‑foot duplex warehouse building; Two leased suites with terms extending through 8/31/2026 and 9/30/2027; Two truckwells and two grade‑level doors
