Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Xcelsior Drive Warehouse For Sale Title is generated by Realmo AI

    Oxford, MI 48371, Oxford, MI 48371

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,500,000

    Well-maintained 61,937 sq ft warehouse with 25' ceiling clearance.

    Type:Industrial
    Property size:
    61,937 SF
    Price / SF:
    $72/SF
    Added:
    Nov 25, 2025
    Days on Market:
    173
    Last Refresh:
    Apr 5 at 8:26 pm

    Property Features

    General Information

    Standard status
    Active
    Size
    61,937 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    2004

    We can help!

    Listing Contact
    Jason Capitani, SIOR, CCIM

    Listing agent Jason Capitani, SIOR, CCIM

    Listing office L. Mason Capitani, Inc.

    Listing date Nov 25, 2025

    Source Corfac

    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 L. Mason Capitani, Inc.

    HighLights

    • 61,937 sq ft warehouse space available.
    • Benefit from the 25' ceiling clearance.
    • Exterior truckwells for easy loading and unloading.
    • Exceptionally clean warehouse, ready for immediate use.
    • Parking lot can be expanded to accommodate growth.
    • Possible lease options available.

    Overview

    This well-maintained warehouse space offers 61,937 square feet. The building features a 25-foot clear ceiling height and exterior truckwells. The parking lot has the potential for expansion. The property is located on the east side of Xcelsior Drive, west of Metamora Road. Possible lease.

    Financial Insights

    Value Estimation Calculated for Warehouse

    Conservative
    $4.14M
    NOI $372,634 @ 9.00% cap · cautious / downside scenario
    Moderate
    $5.32M
    NOI $372,634 @ 7.00% cap · market / base-case scenario
    Aggressive
    $7.45M
    NOI $372,634 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Warehouse

    Component $ $/SF
    Gross rent $455.2k $7.35
    − Vacancy −$16.8k −$0.27
    EGI $438.4k $7.08
    − OpEx −$65.8k −$1.06
    NOI $372.6k $6.02
    61,937 SF · lease $7.35/SF/yr · vacancy 3.70% · expense 15.00%

    Alternative Use Scenarios

    Best Use
    Warehouse
    $5.32M
    $4.66M – $6.21M (±1% cap)
    NOI $372,634 @ 7.0% cap · market cap 8.28%
    Second Best
    Industrial
    $4.38M
    $3.84M – $5.11M (±1% cap)
    NOI $306,875 @ 7.0% cap · market cap 6.82%
    Theoretical Best
    Specialty Retail
    $13.36M
    $11.69M – $15.59M (±1% cap)
    NOI $935,150 @ 7.0% cap · market cap 20.78%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Similar Places Nearby

    • SpareBox Storage — 55 Mill St, Oxford, MI 48371

    Map

    City
    Oxford
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2922
    Latitude
    42.8576

    Nearby Similar for Sale

    • $359,900
      2,707 SF

      Oxford Triplex Investment Opportunity

      Well-maintained triplex near downtown Oxford, currently at capacity.
      59 E Burdick, Oxford, MI 48371
      View Details
    • $499,000
      1,954 SF

      Medical/Office Space with Garage

      Versatile space ideal for medical or office use.
      950 S LAPEER Road, Oxford Charter Township, MI 48371
      View Details
    • $1,350,000
      9,057 SF

      High-Visibility Commercial Opportunity on M-24

      Commercial building and residence on 0.92 acres with high visibility.
      666 S Lapeer Rd, Oxford, MI 48371
      View Details
    • $4,500,000
      61,937 SF

      Oxford Industrial Warehouse For Sale

      61,937 SF industrial warehouse property in Oxford, Michigan.
      Xcelsior Dr 2470, Oxford, MI
      View Details
    • Contact for pricing
      11,180 SF

      Retail Space in Oxford Area

      Single tenant suite available in a well-maintained shopping center.
      971-983 S Lapeer Rd, Oxford, MI
      View Details
    • $1,798,000
      6,054 SF

      Oxford Flex Space with Yard

      6,054 SF flex building with fenced yard for sale.
      588 S Lapeer Rd, Oxford, MI 48371
      View Details

    FAQs

    What type of property is this?
    Warehouse - Well-maintained 61,937 sq ft warehouse with 25' ceiling clearance.
    Where is this warehouse located?
    The property is located at Oxford, MI.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: 61,937 sq ft warehouse space available.; Benefit from the **25' ceiling clearance**.; Exterior truckwells for easy loading and unloading.
    (248) 637-7684
    We can help!
    Listing Contact
    Jason Capitani, SIOR, CCIM
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Oxford, MI 48371
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!