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 Market781
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
Listed By:
John Arthurs · License #MI 6501222941
(248) 663-0506
Source:
Crexi
Added: Aug 17, 2024
Changed: Sep 9
Last Checked: Oct 5 at 6:20PM
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 / Yr
$455,212
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
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
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 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
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Open Analytics
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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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
