Warren Industrial Building For
For Sale
Contact for pricing
114055-11445 Stephens Rd, Warren, MI 48089
88,609 SF industrial building on 5.05 acres for sale.
Property Size88,609 SF
Lot Size5.05 Acres
Price / SF$90.28
Days on Market734
Property Features for 114055-11445 Stephens Rd
General Information
Standard status
Active
Size
88,609 SF
Class
B
Total Parking Spaces
150
Lot size
5.05 Acres
Property subtype
Industrial
Zoning
M-2
Investment Type
Owner/User
Building Details
Year Built
1963
Year Renovated
1966
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
P.A. Commercial Corporate & Investment Real Estate
(248) 663-0506
Listed By:
John Arthurs · License #MI 6501222941
Source:
Crexi
Added: Aug 17, 2024
Changed: Aug 9
Last Checked: Aug 20 at 7:46AM
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 P.A. Commercial Corporate & Investment Real Estate
Investment Insights
Based on property information with market context.
This 88,609 square foot industrial building is situated on 5.05 acres. The property is zoned M-2 and features two interior truckwells. The shop area is equipped with a fire suppression system and has a 17-foot clear height. There are two 12-foot by 14-foot doors and one 12-foot by 13-foot door. The building has heavy power capabilities with 240 and 480-volt service. The property includes 7,200 square feet of office space, fenced parking for 150 cars, and fluorescent lighting. Heating is provided by a new tube radiant system. The roof on the rear of the building is 10 years old. Located on the north side of Stephens Road, just west of Hoover, the property is minutes from the Mound/I-696 interchange. The location offers convenient access to Stellantis Assembly, GM Tech Center, TACOM, I-94, and I-75.
Key Highlights
- 88,609 SF industrial building on 5.05 acres
- Zoned M‑2, suitable for a wide range of industrial uses
- Excellent location near major automotive facilities and transportation arteries
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
$455,212
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
5.69%
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%
$9,104,240
$9.1M
Cap Rate 7%
$6,503,029
$6.5M
Cap Rate 9%
$5,057,911
$5.1M
Market Conditions
NOI Build-Up for 88,609 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
$680.5K $7.68/SF
− Vacancy
−$30.2K −$0.34/SF
EGI
$650.3K $7.34/SF
− OpEx
−$195.1K −$2.20/SF
NOI
$455.2K $5.14/SF
Area
Warren, MI
Vacancy
4.44%
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%
$9,104,240
Cap Rate 7%
$6,503,029
Cap Rate 9%
$5,057,911
Alternative Uses
Best Use
Industrial
$6.50M
$5.69M – $7.59M
NOI $455,212 @ 7.0% cap · market cap 5.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$19.55M
$17.10M – $22.81M
NOI $1,368,324 @ 7.0% cap · market cap 17.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
383
Businesses Nearby
Explore this area
Business Placement
Demographics for 48089, MI
32,012
Population
13,597
Households
2.4
Avg Household Size
35
Median Age
11%
College-Educated
83%
High-School Grad
8.0 sq mi
ZIP Area
4,002
Density / Sq Mi
$53,076
Median Household Income
$35,786
Median Earnings
$1,187
Median Rent
$117,300
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 - 88,609 SF industrial building on 5.05 acres for sale.
Where is this manufacturing property located?
The property is located at 114055-11445 Stephens Rd Warren, MI.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: 88,609 SF industrial building on 5.05 acres; Zoned M‑2, suitable for a wide range of industrial uses; Excellent location near major automotive facilities and transportation arteries
