Industrial Warehouse Complex with Loading
15313 Bryce Capac, MI 48014
15313 Bryce, Capac, MI, 48014
$3,750,000
For Sale
$3,750,000
Warehouse complex includes a brick office building and multiple warehouse structures with truck loading doors and high ceilings.
Property Size56,000 SF
Lot Size12.80 Acres
Price / SF$66.96
Days on Market1589
Property Features for 15313 Bryce
General Information
- Standard status
- Active
- Size
- 56,000 SF
- Lot size
- 12.80 Acres
- Property subtype
- Commercial
Listing agency
Sine & Monaghan Realtors LLC St Clair
(810) 300-3799
Listed by
Stefanie Distelrath · License #6501330941
(810) 300-3799
Source
Phgrealty
Added: Mar 17, 2022 Updated: Jul 22 at 10:05AM Checked: Jul 22 at 10:05AM
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 Sine & Monaghan Realtors LLC St Clair
Investment Insights
Based on property information with market context.
Former Pirrone Produce Company industrial site featuring a 2,400-square-foot brick office building with office areas plus kitchen, bathrooms, and a full basement. The office includes a generator, air conditioning, and forced-air heating. Several separate warehouse buildings are also included, built at different times as the company expanded.
The largest building was constructed in 2010 and features eight truck loading doors, 25-foot ceilings, and 3-phase power with 1,600 amps. The complex totals approximately 56,000 square feet across the buildings, with additional space for expansion on the 12.8-acre site. The facility previously supported sorting, washing, packing, and shipping produce to locations throughout the country, and is approximately five miles from the I-69 Capac exit.
The largest building was constructed in 2010 and features eight truck loading doors, 25-foot ceilings, and 3-phase power with 1,600 amps. The complex totals approximately 56,000 square feet across the buildings, with additional space for expansion on the 12.8-acre site. The facility previously supported sorting, washing, packing, and shipping produce to locations throughout the country, and is approximately five miles from the I-69 Capac exit.
Key Highlights
- 2400 SF brick office building with business space, kitchen, bathrooms, and a full basement
- Warehouse complex on 12.8 acres with approx. 56,000 SF across multiple buildings
- Largest building (built in 2010) includes 8 truck loading doors and 25‑foot ceilings
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 | $504.0k | $9.00 |
| − Vacancy | −$35.3k | −$0.63 |
| EGI | $468.7k | $8.37 |
| − OpEx | −$140.6k | −$2.51 |
| NOI | $328.1k | $5.86 |
56,000 SF · lease $9.00/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$5.69M
$4.98M – $6.64M
NOI $398,412 @ 7.0% cap · market cap 10.62%
Second Best
Industrial
$4.69M
$4.10M – $5.47M
NOI $328,104 @ 7.0% cap · market cap 8.75%
Theoretical Best
Multifamily LT 5
$42.10M
$36.84M – $49.12M
NOI $2,946,924 @ 7.0% cap · market cap 78.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Distribution centers
Similar For Sale Nearby
FAQs
What type of property is this?
Distribution center - Warehouse complex includes a brick office building and multiple warehouse structures with truck loading doors and high ceilings.
Where is this distribution center located?
The property is located at 15313 Bryce Capac, MI.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: 2400 SF brick office building with business space, kitchen, bathrooms, and a full basement; Warehouse complex on 12.8 acres with approx. 56,000 SF across multiple buildings; Largest building (built in 2010) includes 8 truck loading doors and 25‑foot ceilings
