Automotive Industrial Building with
For Sale
Contact for pricing
8400 N Lilley Rd, Canton, MI 48187
Industrial building features five grade-level drive-in doors, 16' clearance, and an onsite paint booth with heavy power.
Property Size11,950 SF
Price / SF$150.63
Days on Market377
Property Features for 8400 N Lilley Rd
General Information
Standard status
Active
Size
11,950 SF
Property subtype
Industrial
Zoning
Industrial
Warehouse & Industrial
Clear Height
16 ft
Drive-In Doors
5
Heavy Power
Yes
Building Details
Year Built
1961
Year Renovated
2011
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
RH Commercial Realty
Listed By:
Nate Hughes · License #6501433129
(810) 923-6099
Source:
Crexi
Added: Aug 27, 2025
Changed: Aug 27
Last Checked: Sep 5 at 12:24PM
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 RH Commercial Realty
Investment Insights
Based on property information with market context.
This 11,950 SF industrial building is equipped for automotive use, offering five grade-level drive-in loading doors and 16' clearance throughout. The property includes a paint booth and other equipment, along with heavy power to support operations on site. Roof replacement was completed in 2011, including all metal roof decking and insulation.
The building has frontage and signage on N Lilley Rd.
The sale includes a Class C-Salvage license and Class B Dealer's license, which may support a plug-and-play automotive user seeking to operate from the existing setup.
The building has frontage and signage on N Lilley Rd.
The sale includes a Class C-Salvage license and Class B Dealer's license, which may support a plug-and-play automotive user seeking to operate from the existing setup.
Key Highlights
- 11,950 SF industrial building with five (5) grade‑level drive‑in loading doors
- 16' clearance throughout the building
- Includes an onsite paint booth and other equipment, plus heavy power
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
$113,229
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%
$2,264,580
$2.3M
Cap Rate 7%
$1,617,557
$1.6M
Cap Rate 9%
$1,258,100
$1.3M
Market Conditions
NOI Build-Up for 11,950 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
$172.1K $14.40/SF
− Vacancy
−$10.3K −$0.86/SF
EGI
$161.8K $13.54/SF
− OpEx
−$48.5K −$4.06/SF
NOI
$113.2K $9.48/SF
Area
Wayne County, MI
Vacancy
6.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
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%
$2,264,580
Cap Rate 7%
$1,617,557
Cap Rate 9%
$1,258,100
Alternative Uses
Best Use
Retail
$1.62M
$1.42M – $1.89M
NOI $113,229 @ 7.0% cap · market cap 6.29%
Second Best
Industrial
$883.8K
$773.3K – $1.03M
NOI $61,866 @ 7.0% cap · market cap 3.44%
Theoretical Best
Specialty Retail
$2.21M
$1.94M – $2.58M
NOI $154,872 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
5
Drive-in doors
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
505
Businesses Nearby
8k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
The UPS Store
Shops & Services
5,293 visits/mo
0.5 miles
Public Storage
Shops & Services
1,785 visits/mo
0.4 miles
H&R Block
Shops & Services
1,053 visits/mo
0.5 miles
Demographics for 48187, MI
52,498
Population
20,548
Households
2.6
Avg Household Size
39
Median Age
53%
College-Educated
95%
High-School Grad
18.1 sq mi
ZIP Area
2,900
Density / Sq Mi
$117,980
Median Household Income
$60,137
Median Earnings
$1,435
Median Rent
$341,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Penguin Bus and Truck Accessories — 42030 Koppernick Rd, Canton, MI 48187
- Technology Plus Trailers — 7780 Ronda Dr, Canton, MI 48187
- Pilot Automotive — 7777 ronda dr, canton, mi 48187
- Hines Park Collision Center — 41000 Capital, Canton, MI 48187
- The Detroit Garage — 8240 N Lilley Rd, Canton, MI 48187
Frequently Asked Questions
What type of property is this?
Auto shop - Industrial building features five grade-level drive-in doors, 16' clearance, and an onsite paint booth with heavy power.
Where is this auto shop located?
The property is located at 8400 N Lilley Rd Canton, MI.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 11,950 SF industrial building with five (5) grade‑level drive‑in loading doors; 16' clearance throughout the building; Includes an onsite paint booth and other equipment, plus heavy power
