Wyandotte Single-Tenant Industrial
For Sale
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4410 13th St, Wyandotte, MI 48192
17,020 SF industrial building 100% occupied with long-term tenant.
Property Size17,020 SF
Lot Size1.70 Acres
Price / SF$91.07
Days on Market1152
Property Features for 4410 13th St
General Information
Standard status
Active
Size
17,020 SF
Lot size
1.70 Acres
Property subtype
Industrial
Zoning
I-1
Listing Agency:
AQRE Advisors
(248) 776-6001
Listed By:
Jon Kouza · License #MI
Source:
Crexi
Added: Jun 27, 2023
Changed: Aug 21
Last Checked: May 12 at 10:40PM
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 AQRE Advisors
Investment Insights
Based on property information with market context.
The property at 4410 13th St, Wyandotte, MI 48192 is a 17,020 square foot single-tenant building situated on approximately 1.70 acres of land. The building is 100% occupied by HPS Fabrications Inc. The tenant has a long-term operating history at this location and has agreed to sign a new 10-year lease at the close of escrow. The offering presents the opportunity to acquire a single-tenant building occupied by a metal fabricating company with a fresh 10-year absolute Triple-Net (NNN) lease. The tenant also has an engineering division, Enco Engineering, providing engineering services and solving structural challenges since 1985.
Key Highlights
- New 10‑year absolute Triple‑Net (NNN) lease provides a secure, long‑term investment.
- 100% occupied by HPS Fabrications Inc., a premier metal fabricating company.
- Tenant has a long‑term operating history at this location.
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
$88,114
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
5.68%
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%
$1,762,280
$1.8M
Cap Rate 7%
$1,258,771
$1.3M
Cap Rate 9%
$979,044
$979.0K
Market Conditions
NOI Build-Up for 17,020 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
$130.7K $7.68/SF
− Vacancy
−$4.8K −$0.28/SF
EGI
$125.9K $7.40/SF
− OpEx
−$37.8K −$2.22/SF
NOI
$88.1K $5.18/SF
Area
Wayne County, MI
Vacancy
3.70%
Lease Rate
$7.68 /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%
$1,762,280
Cap Rate 7%
$1,258,771
Cap Rate 9%
$979,044
Alternative Uses
Best Use
Industrial
$1.26M
$1.10M – $1.47M
NOI $88,114 @ 7.0% cap · market cap 5.68%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.15M
$2.76M – $3.68M
NOI $220,579 @ 7.0% cap · market cap 14.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
260
Businesses Nearby
Explore this area
Business Placement
Demographics for 48192, MI
25,058
Population
11,441
Households
2.2
Avg Household Size
42
Median Age
21%
College-Educated
91%
High-School Grad
5.3 sq mi
ZIP Area
4,728
Density / Sq Mi
$67,846
Median Household Income
$42,999
Median Earnings
$995
Median Rent
$159,700
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.
Frequently Asked Questions
What type of property is this?
Manufacturing property - 17,020 SF industrial building 100% occupied with long-term tenant.
Where is this manufacturing property located?
The property is located at 4410 13th St Wyandotte, MI.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: New 10‑year absolute Triple‑Net (NNN) lease provides a secure, long‑term investment.; 100% occupied by HPS Fabrications Inc., a premier metal fabricating company.; Tenant has a long‑term operating history at this location.
