725 Manufacturers Dr, Westland, MI 48186

Building Details

Building Size 10,006 SF More

Year Built 1979 More

Listing Agency: Burger & Company

Listed By: Nicolo Burger · License #6506049079 Show Phone

Source: Commercialcafe

Added: Aug 2 Changed: Oct 26 Last Checked: Nov 6 at 5:40AM

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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

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Investment Insights

Based on property information with market context.

Built in 1979, this 10,006-square-foot warehouse occupies a 0.92-acre site at 725 Manufacturers Dr in Westland, Michigan. The building features a clear-span interior with 16-foot clear height and one 12-by-14-foot grade-level door.

The property is situated in Cherry Hill Industrial Park near Cherry Hill and Newburgh, with parking positioned behind the building. Light Industrial zoning supports the property’s warehouse classification and commercial setting.

Key Highlights

• 10,006‑square‑foot industrial warehouse on a 0.92‑acre lot
• Clear‑span warehouse with 16' clear height
• One 12'x14' grade level door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$62,902

Cap Rate

5.47%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,258,040 $1.3M

Cap Rate 7%

$898,600 $898.6K

Cap Rate 9%

$698,911 $698.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,006 SF

Gross rent

$76.8K $7.68/SF

− Vacancy

−$2.8K −$0.28/SF

EGI

$74.0K $7.40/SF

− OpEx

−$11.1K −$1.11/SF

NOI

$62.9K $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 Rate 5%

$1,258,040

Cap Rate 7%

$898,600

Cap Rate 9%

$698,911

Alternative Uses

Best Use

Warehouse

$898.6K

$786.3K – $1.05M (±1% cap)

NOI $62,902 @ 7.0% cap · market cap 5.47%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$1.85M

$1.62M – $2.16M (±1% cap)

NOI $129,678 @ 7.0% cap · market cap 11.28%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Ken's Beverage Hardware & Home Improvement

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Building Supply Dental Office Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

16 ft

Clear height

1

Drive-in doors

Location Intelligence

Trade Area within ½ mile

163

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 48186, MI

35,690

Population

14,543

Households

2.5

Avg Household Size

39

Median Age

19%

College-Educated

88%

High-School Grad

8.3 sq mi

ZIP Area

4,300

Density / Sq Mi

$67,203

Median Household Income

$37,591

Median Earnings

$1,083

Median Rent

$167,600

Median Home Value

Market

Average Price Trend$/SF for Warehouses in Wayne County, MI

$80.21 Jul

$94.59 Aug

$84.12 Sep

$85.19 Oct

Properties on Market for Warehouses in Wayne County

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Similar Off Market Nearby

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• Vitanorthusa — 38309 Abruzzi Dr, Westland, MI 48185

Frequently Asked Questions

What type of property is this?

Warehouse - Warehouse space with a grade-level loading door and rear parking.

Where is this warehouse located?

The property is located at 725 Manufacturers Dr Westland, MI.

What is the asking price?

The asking price for this property is $1,150,000.

What are key features of this property?

This property features: 10,006‑square‑foot industrial warehouse on a 0.92‑acre lot; Clear‑span warehouse with 16' clear height; One 12'x14' grade level door