Warehouse with Fifteen-Ton
For Sale
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8400 RONDA DR CANTON MI 48187-2002, Canton, MI 48187
Light Industrial zoned warehouse buildings featuring heavy power, new LED lighting, and a clear-span crane-equipped standalone facility.
Property Size138,416 SF
Price / SF$83.01
Days on Market56
Property Features for 8400 RONDA DR CANTON MI 48187-2002
General Information
Standard status
Active
Size
138,416 SF
Class
C
Property subtype
Industrial
Occupancy
90%
Lease Type
NNN
Investment Type
Value Add
Building Details
Year Built
1985
Year Renovated
2025
Buildings
4
Stories
1
Units
1
Tenancy
Multi
Listing Agency:
Compass Boston
Listed By:
Mike Kuritnik · License #S9531023
Source:
Crexi
Added: Jul 27
Changed: Sep 18
Last Checked: Sep 20 at 7:31AM
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 Compass Boston
Investment Insights
Based on property information with market context.
This warehouse campus includes multiple Light Industrial zoned buildings offered together, including 8400, 8460, 8462, and 8464 Ronda. The properties total 138,416 SF and provide warehouse space with office components ranging from recently renovated to dock and grade door configurations. Building improvements noted include new LED lighting, and multiple power and ventilation systems, with portions described as fully sprinklered and Cambridge ventilation.
8400 Ronda offers 50,636 SF with 2,400 SF of office and 20'-23' clear height, supported by (3) 14'x14' grade-level doors and (3) truckwells. 8460 Ronda is a 12,000 SF standalone building featuring 29' clear height, a 15-ton crane with a 200' span, and clear span columns, plus 600A/240-480V power with a 160' bus duct and a brand new, warrantied roof. 8464 Ronda includes 38,462 SF with 21' clear height, a dock door expandable configuration, and (2) 12'x14' overhead doors.
8462 Ronda is 37,318 SF and built in 1977, with 21' clear height, (2) 10'x10' docks and (3) 14'x14' grade doors, along with Cambridge air rotation heat, LED lighting, and additional bus duct capacity. An additional 1 acre of land is also included.
8400 Ronda offers 50,636 SF with 2,400 SF of office and 20'-23' clear height, supported by (3) 14'x14' grade-level doors and (3) truckwells. 8460 Ronda is a 12,000 SF standalone building featuring 29' clear height, a 15-ton crane with a 200' span, and clear span columns, plus 600A/240-480V power with a 160' bus duct and a brand new, warrantied roof. 8464 Ronda includes 38,462 SF with 21' clear height, a dock door expandable configuration, and (2) 12'x14' overhead doors.
8462 Ronda is 37,318 SF and built in 1977, with 21' clear height, (2) 10'x10' docks and (3) 14'x14' grade doors, along with Cambridge air rotation heat, LED lighting, and additional bus duct capacity. An additional 1 acre of land is also included.
Key Highlights
- Total warehouse campus totals 138,416 SF across 8400, 8460, 8462, and 8464 Ronda
- 8400 Ronda: 50,636 SF with 2,400 SF office, 20'-23' clear, (3) 14'x14' grade‑level doors, (3) truckwells
- 8460 Ronda: 12,000 SF standalone building with 29' clear, 15‑ton crane, 200' span, 600A/240‑480V, 160' bus duct
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
$870,147
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
7.57%
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%
$17,402,940
$17.4M
Cap Rate 7%
$12,430,671
$12.4M
Cap Rate 9%
$9,668,300
$9.7M
Market Conditions
NOI Build-Up for 138,416 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
$1.06M $7.68/SF
− Vacancy
−$39.3K −$0.28/SF
EGI
$1.02M $7.40/SF
− OpEx
−$153.6K −$1.11/SF
NOI
$870.1K $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%
$17,402,940
Cap Rate 7%
$12,430,671
Cap Rate 9%
$9,668,300
Alternative Uses
Best Use
Warehouse
$12.43M
$10.88M – $14.50M
NOI $870,147 @ 7.0% cap · market cap 7.57%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$25.63M
$22.42M – $29.90M
NOI $1,793,871 @ 7.0% cap · market cap 15.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
529
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
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
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Market
Vacancy Rate% for Industrial in Midwest region
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Similar Off Market Nearby
- Iron Mountain — 7277 N Haggerty Rd, Canton, MI 48187
- Midwest Moving & Storage — 41345 Koppernick Rd, Canton, MI 48187
- Public Storage — 41889 Joy Rd, Canton, MI 48187
- National Storage — 40671 Joy Rd, Canton, MI 48187
Frequently Asked Questions
What type of property is this?
Warehouse - Light Industrial zoned warehouse buildings featuring heavy power, new LED lighting, and a clear-span crane-equipped standalone facility.
Where is this warehouse located?
The property is located at 8400 RONDA DR CANTON MI 48187-2002 Canton, MI.
What is the asking price?
The asking price for this property is $11,490,000.
What are key features of this property?
This property features: Total warehouse campus totals 138,416 SF across 8400, 8460, 8462, and 8464 Ronda; 8400 Ronda: 50,636 SF with 2,400 SF office, 20'-23' clear, (3) 14'x14' grade‑level doors, (3) truckwells; 8460 Ronda: 12,000 SF standalone building with 29' clear, 15‑ton crane, 200' span, 600A/240‑480V, 160' bus duct
