Open Warehouse with Grade-Level
14488 E 10 Mile Rd Warren, MI 48089
14488 E 10 Mile Rd, Warren, MI, 48089
$399,000
For Sale
$399,000
Functional open warehouse with a grade-level overhead door and approximately 14-foot clear ceiling height.
Property Size3,000 SF
Price / SF$133
Days on Market97
Property Features for 14488 E 10 Mile Rd
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Retail
Listing agency
Landmark Commercial Real Estate Services
(248) 488-2620
Listed by
Louis Ciotti · License #6501335264
(248) 488-2620
Source
Cpix.resimplifi
Added: Apr 16 Updated: Jul 21 at 6:20AM Checked: Jul 21 at 6:20AM
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 Landmark Commercial Real Estate Services
Investment Insights
Based on property information with market context.
The property features a functional open warehouse layout designed for industrial flexibility, with a grade-level overhead door and approximately 14-foot clear ceiling height. A small office area is included, supporting administrative functions alongside warehouse operations.
The site provides convenient access to Groesbeck Hwy, as well as I-696 and I-94, supporting straightforward connectivity for daily logistics and service operations.
This configuration is well-suited for owner-users seeking a straightforward warehouse and office setup for contractor service businesses or light manufacturing.
The site provides convenient access to Groesbeck Hwy, as well as I-696 and I-94, supporting straightforward connectivity for daily logistics and service operations.
This configuration is well-suited for owner-users seeking a straightforward warehouse and office setup for contractor service businesses or light manufacturing.
Key Highlights
- Functional open warehouse layout with a grade‑level overhead door
- Approximately 14‑foot clear ceiling height
- Open space plus a small office area
Local Financial Insights For Flex RnD
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 | $50.4k | $16.80 |
| − Vacancy | −$3.0k | −$1.01 |
| EGI | $47.4k | $15.79 |
| − OpEx | −$16.6k | −$5.53 |
| NOI | $30.8k | $10.26 |
3,000 SF · lease $16.80/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$439.9K
$384.9K – $513.2K
NOI $30,794 @ 7.0% cap · market cap 7.72%
Second Best
Warehouse
$267.3K
$233.9K – $311.9K
NOI $18,714 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$661.8K
$579.1K – $772.1K
NOI $46,327 @ 7.0% cap · market cap 11.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Public Storage — 24455 Schoenherr Rd, Warren, MI 48089
- MASI — 25115 Bunert Rd, Warren, MI 48089
- Self-Storage at U-Haul — 24100 Groesbeck Hwy, Warren, MI 48089
FAQs
What type of property is this?
Warehouse - Functional open warehouse with a grade-level overhead door and approximately 14-foot clear ceiling height.
Where is this warehouse located?
The property is located at 14488 E 10 Mile Rd Warren, MI.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Functional open warehouse layout with a grade‑level overhead door; Approximately 14‑foot clear ceiling height; Open space plus a small office area
