Industrial Facility with Expansion
51455 Schoenherr Road Shelby Twp, MI 48315
51455 Schoenherr Road, Shelby Twp, MI, 48315
$4,595,000
For Sale
$4,595,000
Well-maintained 38,388 SF industrial facility with expansion and outside storage.
Property Size39,388 SF
Price / SF$116.66
Days on Market237
Property Features for 51455 Schoenherr Road
General Information
- Standard status
- Active
- Size
- 39,388 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1993
Listing agency
Lee & Associates of Michigan
(248) 561-5748
Listed by
Giancarlo Pinterpe
(248) 561-5748
Source
Lee-associates
Added: Nov 26, 2025 Updated: Jul 6 at 10:41AM Checked: Jul 21 at 3:52AM
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 Lee & Associates of Michigan
Investment Insights
Based on property information with market context.
This well-maintained industrial facility features 38,388 square feet of space suitable for manufacturing, assembly, and laboratory operations. The building includes 23-foot clear heights and 47-foot bay widths, providing a column-free environment. Operational assets include a dedicated paint booth, three exterior truck wells, two 12’x14’ overhead doors, and multiple jib cranes. The property is fully fire-suppressed and equipped with 3,000A/240V power, buss duct, and air lines throughout, complemented by 100% air conditioning. A climate-controlled 8,000-square-foot fixture checking lab houses a Coordinate Measuring Machine (CMM), suitable for precision inspection work. The property also includes an 8,448-square-foot two-story office component serviced by an elevator. The rear lot is fully fenced and secured. The site offers expansion potential, with the ability to add approximately 10,000 square feet to the building or to utilize the area for additional outside storage.
Key Highlights
- 38,388 SF industrial facility with 8,448 SF of office space, suitable for manufacturing, assembly, and laboratory operations.
- 8,000 SF climate‑controlled fixture checking lab with CMM, ideal for precision inspection.
- 23‑foot clear heights and 47‑foot bay widths provide a versatile, column‑free workspace.
Local Financial Insights For Warehouse
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 | $321.4k | $8.16 |
| − Vacancy | −$18.0k | −$0.46 |
| EGI | $303.4k | $7.70 |
| − OpEx | −$45.5k | −$1.16 |
| NOI | $257.9k | $6.55 |
39,388 SF · lease $8.16/SF/yr · vacancy 5.60% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$3.68M
$3.22M – $4.30M
NOI $257,896 @ 7.0% cap · market cap 5.61%
Second Best
Industrial
$3.03M
$2.65M – $3.54M
NOI $212,385 @ 7.0% cap · market cap 4.62%
Theoretical Best
Specialty Retail
$7.37M
$6.45M – $8.60M
NOI $516,185 @ 7.0% cap · market cap 11.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Manufacturing properties
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FAQs
What type of property is this?
Manufacturing property - Well-maintained 38,388 SF industrial facility with expansion and outside storage.
Where is this manufacturing property located?
The property is located at 51455 Schoenherr Road Shelby Twp, MI.
What is the asking price?
The asking price for this property is $4,595,000.
What are key features of this property?
This property features: 38,388 SF industrial facility with 8,448 SF of office space, suitable for manufacturing, assembly, and laboratory operations.; **8,000 SF climate‑controlled fixture checking lab with CMM, ideal for precision inspection.**; **23‑foot clear heights and 47‑foot bay widths provide a versatile, column‑free workspace.**
