Light Industrial
For Sale
$1,150,000
725 Manufacturers Dr, Westland, MI 48186
Warehouse space with a grade-level loading door and rear parking.
Property Size10,006 SF
Lot Size0.92 Acres
Price / SF$114.93
Days on Market50
Property Features for 725 Manufacturers Dr
General Information
Standard status
Active
Size
10,006 SF
Lot size
0.92 Acres
Property subtype
Industrial - Manufacturing
Warehouse & Industrial
Clear Height
16 ft
Clear Span
Yes
Drive-In Doors
1
Building Details
Building Size
10,006 SF
Year Built
1979
Listing Agency:
Burger & Company
Listed By:
Nicolo Burger · License #6506049079
(810) 224-8103
Source:
Commercialcafe
Added: Aug 2
Changed: Sep 12
Last Checked: Sep 19 at 6:10AM
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.
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.
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 = 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
$62,902
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
5.47%
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%
$1,258,040
$1.3M
Cap Rate 7%
$898,600
$898.6K
Cap Rate 9%
$698,911
$698.9K
Market Conditions
NOI Build-Up for 10,006 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
$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 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%
$1,258,040
Cap Rate 7%
$898,600
Cap Rate 9%
$698,911
Alternative Uses
Best Use
Warehouse
$898.6K
$786.3K – $1.05M
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
NOI $129,678 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
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
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- National Storage — 1638 S Newburgh Rd, Westland, MI 48186
- Westland Mini Storage — 1600 S Newburgh Rd, Westland, MI 48186
- 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
