Building Details

Building Size 88,609 SF

Year Built 1966

Stories 1

Listing Agency: Signature Associates - Southfield

Listed By: Ben Wilkiemeyer · License #6501343766 Show Phone

Source: Cpix.resimplifi

Added: Jan 15, 2025 Changed: Oct 16 Last Checked: Oct 20 at 5:20PM

Report an Issue

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 Signature Associates - Southfield

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This manufacturing/warehouse facility is designed for heavy-duty operations and includes a 5-ton crane, heavy power, and natural lighting throughout. The property also features oversized double truckwell access and a large paved lot with a fenced yard for added staging and storage flexibility. Office space is available to be finished to suit a tenant’s needs.

The facility is located at 11445 Stephens Rd in Warren, Michigan, and is offered For Rent.

With its combination of crane capacity, truckwell configuration, and yard area, the building supports warehouse and manufacturing use where loading efficiency and power availability are key considerations.

Key Highlights

• Manufacturing/warehouse facility built in 1966
• 5‑ton crane included
• Oversized double truckwell

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$455,212

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

What to ask about pricing

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

Warehouse

$7.90M

$6.91M – $9.21M (±1% cap)

NOI $552,757 @ 7.0% cap · market cap 10,050,127.27%

Second Best

Industrial

$6.50M

$5.69M – $7.59M (±1% cap)

NOI $455,212 @ 7.0% cap · market cap 8,276,581.82%

Theoretical Best

Office A

$19.55M

$17.10M – $22.81M (±1% cap)

NOI $1,368,324 @ 7.0% cap · market cap 24,878,618.18%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Manufacturing properties

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Law Firm Spa & Massage Center Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Heavy power

Yes

Fenced yard

Location Intelligence

Trade Area within ½ mile

499

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

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Similar For Sale Nearby

See more

Manufacturing Facility with Heavy Power

11405-11445 Stephens Rd, Warren, MI 48089

Contact for pricing

88,609 SF

View details

Warren Industrial Building For Sale

114055-11445 Stephens Rd, Warren, MI 48089

Contact for pricing

88,609 SF

View details

Manufacturing Building with Heavy Power

Warren, MI 48089

Contact for pricing

47,544 SF

View details

Connected Industrial Warehouse

11055 and 11085 E 9 Mile Rd, Warren, MI 48089

$1,300,000

20,660 SF

View details

High-Visibility Industrial Property

21550-21564 Groesbeck, Warren, MI 48089

$750,000

View details

Two-Building Warehouse Property For Sale

24871 Gibson Dr, Warren, MI 48089

$950,000

11,648 SF

View details

Light Industrial Warehouse with Office

21810 Schmeman Ave, Warren, MI 48089

$996,000

11,500 SF

View details

Industrial Facility with Cranes

11084 E 9 Mile Rd, Warren, MI

Contact for pricing

11,357 SF

View details

Small Manufacturing Building with Cranes

24296 Gibson Dr, Warren, MI 48089

Contact for pricing

10,260 SF

View details

M-2 Manufacturing Building

22600 Sherwood Avenue, Warren, MI 48089

$550,000

10,007 SF

View details

Warehouse with Fenced Parking

24344 Gibson Dr, Warren, MI 48089

$650,000

8,760 SF

View details

Manufacturing Property with Bus Duct

24344 Gibson Avenue, Warren, MI 48089

Contact for pricing

8,760 SF

View details

Frequently Asked Questions

What type of property is this?

Manufacturing property - Warehouse facility with a 5-ton crane, heavy power, and an oversized double truckwell, plus large fenced yard.

Where is this manufacturing property located?

The property is located at 11445 Stephens Rd Warren, MI.

What are key features of this property?

This property features: Manufacturing/warehouse facility built in 1966; 5‑ton crane included; Oversized double truckwell