Welding Shop with
New
For Sale
$374,900
13118 E 9 Mile Road, Warren, MI 48089
A separate corner lot offers parking, and shop equipment and materials may remain with the property.
Property Size3,450 SF
Price / SF$108.67
Days on Market2
Property Features for 13118 E 9 Mile Road
General Information
Standard status
Active
Size
3,450 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Business Included
Yes
Currently Operating
Yes
Property Use
Welding Metal Shop
Taxes and HOA fees
Annual Taxes
$154
Building Details
Building Size
3,450 SF
Year Built
1955
Buildings
1
Listing Agency:
Keller Williams Premier
Listed By:
Jeffrey N Decker
(248) 875-5333
Source:
Case-realty
Added: Nov 3
Last Checked: Nov 3 at 2:49PM
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 Keller Williams Premier
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 3,450-square-foot manufacturing property in Warren is used as a welding and metal shop. The building dates to 1955, and its equipment and materials can remain. Commercial zoning is in place.
A separate corner lot is included for parking. A client list is available to an approved buyer.
A separate corner lot is included for parking. A client list is available to an approved buyer.
Key Highlights
- 3,450‑square‑foot welding and metal shop
- Equipment and materials can remain with the property
- Separate corner parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,724
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,480
$354.5K
Cap Rate 7%
$253,200
$253.2K
Cap Rate 9%
$196,933
$196.9K
Market Conditions
NOI Build-Up for 3,450 SF
Gross rent
$26.5K $7.68/SF
− Vacancy
−$1.2K −$0.34/SF
EGI
$25.3K $7.34/SF
− OpEx
−$7.6K −$2.20/SF
NOI
$17.7K $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%
$354,480
Cap Rate 7%
$253,200
Cap Rate 9%
$196,933
Alternative Uses
Best Use
Industrial
$253.2K
$221.6K – $295.4K
NOI $17,724 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$761.1K
$666.0K – $887.9K
NOI $53,276 @ 7.0% cap · market cap 14.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
564
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - A separate corner lot offers parking, and shop equipment and materials may remain with the property.
Where is this manufacturing property located?
The property is located at 13118 E 9 Mile Road Warren, MI.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: 3,450‑square‑foot welding and metal shop; Equipment and materials can remain with the property; Separate corner parking lot
