Manufacturing
For Sale
$825,000
3319 E 10 Mile, Warren, MI 48091
Manufacturing property offering an established industrial footprint for commercial acquisition.
Property Size8,000 SF
Price / SF$103.13
Days on Market230
Property Features for 3319 E 10 Mile
General Information
Standard status
Active
Size
8,000 SF
Property subtype
Factory
Additional Details
Road Access
Yes
Building Details
Building Size
8,000 SF
Year Built
1963
Properties For Sale
at 3319 E 10 Mile
Unit
Size
8,000 SF
Lease Type
Modified Gross
Listing Agency:
Farbman Group
Listed By:
Rick Ax · License #6506040861
(248) 351-6319
Source:
Thebrokerlist
Added: Feb 18
Changed: Oct 6
Last Checked: Oct 5 at 3:07PM
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 Farbman Group
Investment Insights
Based on property information with market context.
This manufacturing property provides approximately 8,000 SF of industrial space in a building constructed in 1963. The asset is positioned on the north side of 10 Mile, west of Ryan, in Warren, Michigan.
The property is offered for sale and carries a manufacturing-focused classification within the industrial real estate sector. Its established building vintage and defined location provide a straightforward basis for evaluating the facility for continued industrial use.
The property is offered for sale and carries a manufacturing-focused classification within the industrial real estate sector. Its established building vintage and defined location provide a straightforward basis for evaluating the facility for continued industrial use.
Key Highlights
- Approximately 8,000 SF of industrial space
- Built in 1963
- North side of 10 Mile, west of Ryan
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,098
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$821,960
$822.0K
Cap Rate 7%
$587,114
$587.1K
Cap Rate 9%
$456,644
$456.6K
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$61.4K $7.68/SF
− Vacancy
−$2.7K −$0.34/SF
EGI
$58.7K $7.34/SF
− OpEx
−$17.6K −$2.20/SF
NOI
$41.1K $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%
$821,960
Cap Rate 7%
$587,114
Cap Rate 9%
$456,644
Alternative Uses
Best Use
Industrial
$587.1K
$513.7K – $685.0K
NOI $41,098 @ 7.0% cap · market cap 4.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.76M
$1.54M – $2.06M
NOI $123,538 @ 7.0% cap · market cap 14.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
338
Businesses Nearby
Explore this area
Business Placement
Demographics for 48091, MI
32,267
Population
12,919
Households
2.5
Avg Household Size
37
Median Age
17%
College-Educated
82%
High-School Grad
7.9 sq mi
ZIP Area
4,084
Density / Sq Mi
$53,400
Median Household Income
$31,877
Median Earnings
$1,231
Median Rent
$138,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Manufacturing property offering an established industrial footprint for commercial acquisition.
Where is this manufacturing property located?
The property is located at 3319 E 10 Mile Warren, MI.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Approximately 8,000 SF of industrial space; Built in 1963; North side of 10 Mile, west of Ryan
