Industrial Warehouse with 5-Ton
11445 Stephens Rd Warren, MI 48089
11445 Stephens Rd, Warren, MI, 48089
$6,500,000
For Sale
$6,500,000
Industrial warehouse includes a 5-ton crane, oversized double truckwell, heavy power, offices, and a large paved fenced yard.
Property Size88,609 SF
Price / SF$73.36
Days on Market554
Property Features for 11445 Stephens Rd
General Information
- Standard status
- Active
- Size
- 88,609 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1966
Listing agency
Signature Associates - Southfield
(248) 359-0624
Listed by
Ben Wilkiemeyer · License #6501388318
(248) 359-0624
Source
Cpix.resimplifi
Added: Jan 15, 2025 Updated: Jul 22 at 11:43AM Checked: Jul 23 at 2:45AM
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
Investment Insights
Based on property information with market context.
This manufacturing and warehouse facility is built for heavy-duty operations, featuring a 5-ton crane and heavy power. The building includes offices intended to be finished to suit tenant needs, natural lighting throughout, and an oversized double truckwell for efficient loading.
The property also offers a large paved lot and a fenced yard, supporting outdoor staging, storage, or material handling needs.
With its combination of crane capacity, loading configuration, and utility service, the space is positioned for industrial uses requiring both warehouse functionality and operational flexibility.
The property also offers a large paved lot and a fenced yard, supporting outdoor staging, storage, or material handling needs.
With its combination of crane capacity, loading configuration, and utility service, the space is positioned for industrial uses requiring both warehouse functionality and operational flexibility.
Key Highlights
- 1966‑built industrial/manufacturing warehouse facility
- 5‑ton crane included in the warehouse
- Oversized double truckwell for loading and unloading
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 | $680.5k | $7.68 |
| − Vacancy | −$30.2k | −$0.34 |
| EGI | $650.3k | $7.34 |
| − OpEx | −$97.5k | −$1.10 |
| NOI | $552.8k | $6.24 |
88,609 SF · lease $7.68/SF/yr · vacancy 4.44% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$7.90M
$6.91M – $9.21M
NOI $552,757 @ 7.0% cap · market cap 8.50%
Second Best
Industrial
$6.50M
$5.69M – $7.59M
NOI $455,212 @ 7.0% cap · market cap 7.00%
Theoretical Best
Office A
$19.55M
$17.10M – $22.81M
NOI $1,368,324 @ 7.0% cap · market cap 21.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Manufacturing properties
Similar For Sale Nearby
FAQs
What type of property is this?
Manufacturing property - Industrial warehouse includes a 5-ton crane, oversized double truckwell, heavy power, offices, and a large paved fenced yard.
Where is this manufacturing property located?
The property is located at 11445 Stephens Rd Warren, MI.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: 1966‑built industrial/manufacturing warehouse facility; 5‑ton crane included in the warehouse; Oversized double truckwell for loading and unloading
