Industrial Property With New
For Sale
Contact for pricing
4100 E Baldwin Rd, Holly, MI 48442
Industrial property featuring a new five-year lease with Consumers Energy.
Property Size23,249 SF
Price / SF$146.24
Days on Market1650
Property Features for 4100 E Baldwin Rd
General Information
Standard status
Active
Size
23,249 SF
Property subtype
Industrial
Zoning
I-1
Building Details
Year Built
1977
Listing Agency:
Lee & Associates - Naples
Listed By:
Jeff Buckler · License #MI
Source:
Crexi
Added: Feb 12, 2022
Changed: Aug 11
Last Checked: Aug 20 at 4:42AM
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 Lee & Associates - Naples
Investment Insights
Based on property information with market context.
This industrial property, encompassing 23,249 square feet, is currently available for sale. A new five-year lease is in place with Consumers Energy, which includes an option to extend for an additional three years. A new roof is planned for installation in Spring 2022.
Key Highlights
- New five‑year lease with Consumers Energy.
- One additional three‑year option to extend the lease.
- New roof planned for Spring 2022.
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
$139,874
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
4.11%
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%
$2,797,480
$2.8M
Cap Rate 7%
$1,998,200
$2.0M
Cap Rate 9%
$1,554,156
$1.6M
Market Conditions
NOI Build-Up for 23,249 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
$170.9K $7.35/SF
− Vacancy
−$6.3K −$0.27/SF
EGI
$164.6K $7.08/SF
− OpEx
−$24.7K −$1.06/SF
NOI
$139.9K $6.02/SF
Area
Oakland County, MI
Vacancy
3.70%
Lease Rate
$7.35 /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%
$2,797,480
Cap Rate 7%
$1,998,200
Cap Rate 9%
$1,554,156
Alternative Uses
Best Use
Warehouse
$2.00M
$1.75M – $2.33M
NOI $139,874 @ 7.0% cap · market cap 4.11%
Second Best
Industrial
$1.65M
$1.44M – $1.92M
NOI $115,190 @ 7.0% cap · market cap 3.39%
Theoretical Best
Specialty Retail
$5.01M
$4.39M – $5.85M
NOI $351,023 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48442, MI
21,803
Population
9,722
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
94%
High-School Grad
85.9 sq mi
ZIP Area
254
Density / Sq Mi
$80,281
Median Household Income
$50,769
Median Earnings
$1,243
Median Rent
$252,500
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.
Similar Off Market Nearby
- Baldwin Road Storage — 4141 E Baldwin Rd, Holly, MI 48442
- Storage Sense — 10433 N Holly Rd, Holly, MI 48442
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial property featuring a new five-year lease with Consumers Energy.
Where is this warehouse located?
The property is located at 4100 E Baldwin Rd Holly, MI.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: New five‑year lease with Consumers Energy.; One additional three‑year option to extend the lease.; New roof planned for Spring 2022.
