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Building Details

Year Built 1986

Listing Agency: Pilot Property Group - Residential LLC Show Phone

Listed By: Anthony U Rubino · License #6502425251 Show Phone

Source: Exitrealty

Added: Apr 10, 2025 Changed: Oct 6 Last Checked: Oct 5 at 4:41PM

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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 Pilot Property Group - Residential LLC

Investment Insights

Based on property information with market context.

This 4,326-square-foot flex building combines interior office areas with a 14-foot overhead door, supporting a mix of workspace and service-oriented functions. The property was built in 1986, and all systems have been replaced within the last couple of years.

The building is located at 14445 Barber Avenue in Warren City, Michigan. A gated parking lot provides controlled access for the property. The combination of office areas, updated systems, secured parking, and oversized overhead access creates a practical configuration for a range of flex-space requirements.

Key Highlights

• 4,326‑square‑foot flex building
• 14‑foot overhead door
• All systems replaced within the last couple of years

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$46,543

Cap Rate

7.16%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$930,860 $930.9K

Cap Rate 7%

$664,900 $664.9K

Cap Rate 9%

$517,144 $517.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,326 SF

Gross rent

$70.6K $16.32/SF

− Vacancy

−$8.5K −$1.97/SF

EGI

$62.1K $14.35/SF

− OpEx

−$15.5K −$3.59/SF

NOI

$46.5K $10.76/SF

Area

Warren, MI

Vacancy

12.10%

Lease Rate

$16.32 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$930,860

Cap Rate 7%

$664,900

Cap Rate 9%

$517,144

Alternative Uses

Best Use

Office B

$664.9K

$581.8K – $775.7K (±1% cap)

NOI $46,543 @ 7.0% cap · market cap 7.16%

Second Best

Flex RnD

$634.4K

$555.1K – $740.1K (±1% cap)

NOI $44,406 @ 7.0% cap · market cap 6.83%

Theoretical Best

Office A

$954.3K

$835.0K – $1.11M (±1% cap)

NOI $66,803 @ 7.0% cap · market cap 10.28%

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

Property Analytics

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Current Use

Orlins Construction Construction Company

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Building Supply

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

Location Intelligence

Trade Area within ½ mile

475

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 48088, MI

23,142

Population

9,633

Households

2.4

Avg Household Size

44

Median Age

23%

College-Educated

91%

High-School Grad

4.4 sq mi

ZIP Area

5,260

Density / Sq Mi

$79,137

Median Household Income

$48,452

Median Earnings

$1,144

Median Rent

$205,400

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Gated parking, updated systems, and interior offices support flexible commercial operations.

Where is this flex space located?

The property is located at 14445 Barber Avenue Warren, MI.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: 4,326‑square‑foot flex building; 14‑foot overhead door; All systems replaced within the last couple of years