Pinewood Industrial Park
For Sale
Contact for pricing
3155 Dallavo Ct, Walled Lake, MI 48390
Warehouse with air conditioning and corporate office in Pinewood.
Property Size9,600 SF
Lot Size4.00 Acres
Price / SF$166.67
Days on Market760
Property Features for 3155 Dallavo Ct
General Information
Standard status
Active
Size
9,600 SF
Lot size
4.00 Acres
Property subtype
Industrial
Listing Agency:
Dominion Real Estate
(248) 399-9999
Listed By:
Eric Banks · License #MI 6502360983
Source:
Crexi
Added: Aug 1, 2024
Changed: Aug 22
Last Checked: Aug 29 at 1:22AM
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 Dominion Real Estate
Investment Insights
Based on property information with market context.
Located in Pinewood Industrial Park, this 9,600-square-foot warehouse features air conditioning throughout the entire building. The property includes one truck well and a high-image corporate office. Situated on 4 acres, the location is approximately 1/4 mile from Martin Pkwy (M-5).
Key Highlights
- Located in Pinewood Industrial Park
- High image corporate office / warehouse
- Air conditioning throughout the entire building
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
$57,757
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
3.61%
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%
$1,155,140
$1.2M
Cap Rate 7%
$825,100
$825.1K
Cap Rate 9%
$641,744
$641.7K
Market Conditions
NOI Build-Up for 9,600 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
$70.6K $7.35/SF
− Vacancy
−$2.6K −$0.27/SF
EGI
$67.9K $7.08/SF
− OpEx
−$10.2K −$1.06/SF
NOI
$57.8K $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%
$1,155,140
Cap Rate 7%
$825,100
Cap Rate 9%
$641,744
Alternative Uses
Best Use
Warehouse
$825.1K
$722.0K – $962.6K
NOI $57,757 @ 7.0% cap · market cap 3.61%
Second Best
Industrial
$679.5K
$594.6K – $792.7K
NOI $47,564 @ 7.0% cap · market cap 2.97%
Theoretical Best
Specialty Retail
$2.07M
$1.81M – $2.42M
NOI $144,945 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
390
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48390, MI
24,273
Population
10,995
Households
2.2
Avg Household Size
44
Median Age
43%
College-Educated
96%
High-School Grad
12.5 sq mi
ZIP Area
1,942
Density / Sq Mi
$89,411
Median Household Income
$53,442
Median Earnings
$1,575
Median Rent
$287,900
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
- GLC — 3162 Martin Rd, Commerce Charter Twp, MI 48390
- Public Storage — 3220 Oakley Park Rd, Commerce Charter Twp, MI 48390
- Wilson Marine Commerce Twp — 4440 Haggerty Rd, Commerce Charter Twp, MI 48390
- Veho Motors — 8230 Goldie St, Walled Lake, MI 48390
- Wilson Marine Parts/Service Commerce Twp — 4266 Haggerty Rd, Commerce Charter Twp, MI 48390
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse with air conditioning and corporate office in Pinewood.
Where is this warehouse located?
The property is located at 3155 Dallavo Ct Walled Lake, MI.
What is the asking price?
The asking price for this property is $1,599,999.
What are key features of this property?
This property features: Located in Pinewood Industrial Park; High image corporate office / warehouse; Air conditioning throughout the entire building
