114055-11445 Stephens Rd, Warren, MI 48089
88,609 SF industrial building on 5.05 acres for sale.
- Added:
- Aug 17, 2024
- Days on Market:
- 689
- Last Refresh:
- Jul 5 at 10:02 am
Property Features for 114055-11445 Stephens Rd
General Information
- Standard status
- Active
- Size
- 88,609 SF
- Lot size
- 5.05 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1963
Listing office P.A. Commercial Corporate & Investment Real Estate (248) 663-0506
Listing date Aug 17, 2024
Source Crexi
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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
- Two interior truckwells and multiple large doors
- Heavy power: 240 and 480‑volt service
- 7,200 SF of office space
Overview
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $680.5k | $7.68 |
| − Vacancy | −$30.2k | −$0.34 |
| EGI | $650.3k | $7.34 |
| − OpEx | −$195.1k | −$2.20 |
| NOI | $455.2k | $5.14 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Warren
- County
- Macomb
- State
- Michigan
- Longitude
- -82.97198
- Latitude
- 42.47215